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
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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