Chapter 4 Intro to Business : Ethics

question

ethics are moral principles by which people conduct themselves __________________,____________________, and _______________________.
answer

personally; socially; professionally
question

Ethics are ____________ principal principles
answer

moral
question

When you are guided by ________________, you don’t cheat on a test or lie to friends or family.
answer

ethics
question

Most businesses are guided by _________ ____________.
answer

business ethics
question

different cultures, business, and industries have different ethical _____________.
answer

standards
question

Business ethics are __________based __________________ about how businesses and employees out to ___________ themselves.
answer

rules; moral principles; conduct
question

in business, good ethics are beneficial for long-term __________________ and _________.
answer

profitability; sucess
question

business ethics include creating safe ____________
answer

products
question

business ethics include creating _________
answer

jobs
question

business ethics include fair treatment of _________
answer

employees
question

business ethics include ___________ protection
answer

envirnomental
question

business ethics include being ___________ about financial status.
answer

truthful
question

benchmarks
answer

standards
question

bribery occurs when people want ____________.
answer

business deals
question

kickbacks
answer

bribery
question

in business, people follow rules as well as a __________ __________ __________.
answer

code of ethics
question

A code of ethics is a set of ______________ for maintaining ethics in the workplace.
answer

guidelines
question

A sweatshop is an example of an ______________ practice _____________ in the US.
answer

unethical; outlawed
question

shop or factory in which workers are employed for long hours at low wages and under unhealthy conditions
answer

sweat shop
question

OSHA
answer

Occupational safety and Health administration
question

sets and enforces work-related healthy and safety rules.
answer

Occupational safety and Health administration (OSHA)
question

OSHA regulates pay discrimination.
answer

False
question

OSHA regulates machine safety.
answer

True
question

If a _____________ violates government regulations, the owner can be ________ or _____________.
answer

business; fined; go to jail
question

if an employee violates a company or profession code, they may be ________ or ________ their license.
answer

fired; loose license
question

Unethical business practices can result in bad word of mouth and result in lost of __________.
answer

sales
question

unethical behavior toward ___________ can lead to legal action o a high rate of employees quitting.
answer

employees
question

the ratio of the number of workers that had to be replaced in a given time period to the average number of workers
answer

turn-over rate
question

a major ethical question that isn’t illegal
answer

conflict of interest
question

conflict between self-interest and __________ ________
answer

professional obligation
question

employees have _______ ______ to act in the best interest of the compnay
answer

ethical obligation
question

Is it against the _____?
answer

law
question

Does it _______ company or professional policies?
answer

violate
question

Am I __________ long-term befits?
answer

sacrificing
question

The Ethical decision making process
answer

1. identify the ethical dilemma 2.discover alternative actions 3.decide who might be affected 4.list the probable effects of the alternatives 5.select the best alternative
question

The social responsibility of business takes into _____________ all that business does or _________ ________ do to solve the problems of society.
answer

consideration; does not
question

duty to do what is best for society
answer

social responbility
question

social responbility
answer

doing what is best for society
question

businesses that follow ethical standards value ____________ and ___________ in employees.
answer

integrity; honesty
question

Ethics are an _______ part of their business practices.
answer

integral
question

Some business are concerned about __________ the damage that they do to the environment.
answer

limiting
question

businesses should offer a good, safe product or service at a _______________ price.
answer

reasonable
question

federal agency that protects consumers
answer

FDA
question

fair competition among businesses is ___________ for the marketplace to operate _________.
answer

necessary; effectively
question

Who is affect when companies conspire to restrict competition?
answer

consumers
question

Providing work experience for people with _________ job skills and allowing them to ________
answer

limited; volunteer
question

Providing safe ________ conditions
answer

working
question

_______ treatment
answer

equal
question

_____ pay
answer

Fair
question

requires men and women be paid the same wages
answer

Equal Pay Act
question

bans discrimination against people with physical or mental disability
answer

Americans with Disabilities Act
question

In _________ the US created the EPA.
answer

1970
question

enforces rules that protect the environment and control pollution
answer

EPA
question

makes CEO more accountable for the financial managers and forces them to give truthful reports
answer

Sarbannes-Oxley Act
question

No competition productivity ___________.
answer

decreases
question

What are the 4 responsibilities businesses have to society?
answer

customers, employees, society, and creditors and owners
question

What is the one of the biggest social issues a business faces today?
answer

Environmental responsibility
question

adherence to a code of ethical values, such as honesty, loyalty, and fairness
answer

integrity

Get instant access to
all materials

Become a Member