Chapter 7, 8, 9, 10, 16 – Flashcards

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1. The first category,______, manifests ?? itself in a wide array of voluntary activities in the community.
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Community involvement pg 483
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2. The second category of community involvement...
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Involves corporate philanthropy or business giving. pg 483
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3. Business giving is necessary to support what has been called...pg490
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The third sector
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4. Commonly referred to as non-profit organizations, they do not have the distribution of profits to shareholders as one of their major objectives. They exist to meet the needs of the public at large, a particular portion of the public, or the needs and interests of their own members...pg490
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Third sector
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5. What is the first two sectors called? pg490
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Business and government receive support through taxes.
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6. In addition to being profitable, obeying the law, and being ethical, a company may create a positive impact in the community by doing what two ways? pg483
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Donating the time and talents of its managers & employees,and making financial contributions.
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7. There are 6 Standards of Excellence in Corporate Community Invovlement, they are...pg484
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Leadership, Strategy, Integration, Infrastructure, Performance Measurement, Communication, and Community Relationships
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8. What are the 3 benefits of employee volunteerism? pg 485
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Benefits to the: Employee, Corporation, and Community
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9. Benefits of employee volunteerism: pg485
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Improve performance. Increase job satisfaction, attitude, and morale. Encourages teamwork. Promotes leadership and skill development. Improves communication between employees, and their supervisors, and across dept.
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10. Corporate philanthropy involves primarily the giving of...pg485
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Financial resources
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11. Community involvement focuses on... pg485
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Business-community relationship, especially the contribution of managerial and employee time and talent.
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12. Business stake in the community...pg485
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Zoning regulations, the threat of neighborhood, deterioration, corporate property taxes, the community tax base, and the availability of an adequately trained workforce.
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13. Developing a community action program steps...pg486
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Knowing the community in which the business resides. Knowing the company's resources. Selecting projects to support. Monitoring projects.
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14. Know the community: pg486
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Who lives in the community? What is its ethnic composition? What is its unemployment level? Are there inner-city problems or pockets of poverty? What are other organizations doing? What are the really pressing social needs of the area? What is the community morale?
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15. Knowing the company's resources...pg487
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It is necessary to know what is availabe, to what extent it is available, on what terms it is available, and over what period of time it is available.
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16. Selecting projects to support...pg487
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The selection of community projects for company involvement grows out of the matching of community stakeholders' needs with company resources.
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17. It involves review and control. Follow-up is necessary to ensure that the projects are being executed according to plans and on schedule. Feedback from the various steps in the process provides the information management needs to monitor progress....pg487
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Monitoring projects
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18. The word philanthropy comes from the Greek philien & anthropos they mean...pg487
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"to love," "mankind"
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19. What is philanthropy means?
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A desire to help mankind as indicated by acts of charity; love of mankind.
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20. What is the contemporary usage of the word "philanthropy?"...pg487
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"Business giving." Charitable, benevolent, or generous.
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21. Transparency in corporate philanthropy..pg489
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Former Representative Paul Gilmor introduced legislation to require transparency b/c he had sat on corporate boards and observed executives distributing corporate assets to their pet charities while ignoring shareholders. Gillmor passed away in 2007, there is no real closure on the issue of corporate philanthropy transparency has been achieved.
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22. The third sector includes...pg490
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Churches, museums, hospitals, libraries, private colleges & universities, and performing art groups.
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23. What are the motivations of corporate giving ?...pg490
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*Charitable*: community giving for which there is little or no expected benefit for the business. *Community Investment*: Gifts that support long-term strategic business goals while also meeting a critical community need. *Commercial*: Giving that benefits the business wherein the benefit is its primary motivation
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24. What are the four major categories of business giving distributed to?...pg490
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1) Health and human services. 2) Education. 3) Civic & community activities, and 4) Culture and arts
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25. Which category group receives small percentage of contributions from companies giving? pg491
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The environmental groups such as: the World Wildlife Fund, the Nature Conservatory, and Greenpeace. It does not mean that business is unconcerned about environmental issues but that its commitment to the environment is less likely to show up in corporate philanthropy and more likely to be found in daily operations.
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26. Health and human services are critical to the welfare of a community, who are the major recipients in this category? pg491
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Hospitals, youth agencies, local health and welfare agencies.
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27. Youth agencies include such groups as...pg491
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YMCA, YWCA, Boy Scouts, Girl Scouts, and Boys and Girls Clubs.
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28. Who are the largest categories of business giving donated to federated drives ? pg491
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United Way
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29. Corporate giving to education...pg491
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Most of the corporate contribution have gone to higher education: colleges and universities, but a growing percentage is going to K-12 programs. K-12 institutions feed into higher education and so strong preparation at those levels is critical to a strong professional pool down the road.
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30. What is the dominant contributions in Civic and Community activities given to support? pg491
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Community improvement activities, environment and ecology, nonacademic research organization, and neighborhood renewal.
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31. Firms are expected to make charitable donations when crises occur in the firm's ...pg493
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Community, the nation or the world at large
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32. Two aspects of managing corporate philanthropy...pg493
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Base giving on business resources and capabilities to enhance philanthropic outcomes, and focus on philanthropy that will enhance corporate profitability and also make a difference in the community.
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33. This approach is by which corporate giving and other philanthropic endeavors of a firm are designed in a way that best fits with the firm's mission, goals, or objectives....pg495
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Strategic philanthropy
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34. This partnership occurs when a for-profit business enters into a cooperative arrangement with a nonprofit organization for their mutual advantage...
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Community partnerships
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35. This term was coined by the American Express Co. In 1983 AEx Company agreed to contribute a penny to the restoration of the Statue of Liberty every time a customer used one of its credit cards to make a purchase...pg497
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Cause-related marketing
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36. Business want to protect the communities in which they operate, keeping them healthy and environmentally sound...pg498
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Global philanthropy
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37. It refers to the relocation of business processes to a different company....pg499
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Outsourcing
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38. It refers to the relocation of business process to a different country.
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Offshore outsourcing or offshoring
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39. What are the reasons created by offshore outsourcing...
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New technologies such as high-speed data links and the Internet have made it easier to do white-collar work overseas, where labor is cheaper
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40. What is the proceedure before the decision to close is made? pg501
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Diversification, New Ownership, Employee Ownership
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41. What is a way of avoiding close-down of a company?
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Employee owned
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42. After the decision to close a business is made, there are several actions that management can take including...pg504
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Conducting a community-impacts analysis; providing advance notice to the employees or community; providing transfer, relocation, and outplacement benefits; phasing out the business gradually; and helping the community attract replacement industry.
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43. Identify realistically those aspects of the community that would be affected by the company's plans.
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Community-impact analysis
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44. Community-Impact Analysis questions entails asking questions, to minimize the negative impacts of the community...pg504
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What groups will be affected? How will they be affected? What is the timing of initial and later effects? What is the magnitude of the effect? What is the duration of the impact? To what extent will the impact be diffused in the community?
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45. Who are the forgotten stakeholders? pg506
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Managers who issued WARN notices found that they had an increase in health and sleep problems, feelings of depersonalization, and a greater intent to quit, with emotional exhaustion playing a role in their difficulties.
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46. The most responsible for a business or plant closing situation is to provide employees...pg504
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Give them an Advance notice
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47. It requires those firms employing 100 or more workers to provide 60 days' advance notice to employees before shutting down or conducting substantial layoffs is called...
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Worker Adjustment and Retraining Notification Act (WARN)
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48. How much is the penalty if a company failed to give employees adequate notice?
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$500 per day
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49. What is the only acceptable reasons for a company not providing a 60-day notice?
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1. Action being taken by the employer, which, if successful, would have postponed or eliminated the need for layoffs. 2. unforeseen business circumstances that the employer could not reasonably have foreseen. 3. Natural disasters.
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50. What is the communication expert, Hugh Braithwaite offers advice on communicating with employees being laid off?
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Be complete. Be consistent. Inform affected employees first. Inform retained employees.
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51. Firms must attend to employees that survived the lay-offs if they are to emerge stronger after job cuts by providing them...pg506
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Provide employees: Emotional support; Directional support; Tactical support; Informational support.
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52. the discipline that deals with moral duty and obligation. It can also be regarded as a set of moral principles or values...pg186
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Ethics
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53. Concerned with morality and fairness in behavior, actions, and practices that take place within a business context...pg187
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Business ethics
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54. Concerned with describing, characterizing, and studying the morality of a people, an organization, a culture, or a society. also compares and contrasts different moral codes, systems, practices, beliefs, and values...pg187
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Descriptive ethics
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55. Concerned with supplying and justifying a *coherent* moral system of thinking and judging. Seeks to uncover, develop, and justify basic moral principles that are intended to guide behavior, actions and decisions..pg188
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Normative ethics
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56. Three major CEP approaches ?? to business ethics...pg188
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Conventional approach; Principles approach; Ethical tests approach
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57. Comparison of decision, behavior, or practice to prevailing norms of acceptability -Based on how common society today views business ethics -Based on ordinary, COMMON SENSE
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Conventional approach??
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58. Based upon the use of ethics principles to direct behavior, actions, and policies
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Principles approach
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59. Based on short, practical questions or "tests" to guide ethical decision making, behavior and practices...pg188
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Ethical tests approach
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60. Based on how common society today views business ethics. Is also based on ordinary, common sense...pg188
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Conventional ??,???; approach to business ethics
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61. It is an ethical principle based on the idea that the individual should seek to maximize his own self-interests as a legitimate factor and this belief is widely held in society.
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Ethical egoism
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62. Four important ethics questions..194
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What is? What ought to be? How do we get from what is to what ought to be? What is our motivation in all this?
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63. Three models of ethical management pg197
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Immoral management, Moral management, Amoral management.
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64. Management motives are selfish, it cares only about its own or its company's gains, just make money, overcome legal barriers, and cut corners pg197
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Immoral Management
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65. It focused on exploiting opportunities for corporate or personal gain, cut corners anywhere it appears useful. pg198
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Operating strategy of immoral management
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66. The key operating question guiding immoral management is...pg198
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"Can we make money with this action, or behavior, regardless of what it takes?
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67. It conform to highest standards of ethical behavior standards. Strives to operate at a level above what the law mandates...pg200
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Moral management
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68. They live by sound ethical standards, seeking out only those economic opportunities that the organization or management can pursue within the confines of ethical boundaries...pg201
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Operating strategy of moral management
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69. Its characterized by a conception of ethics as the driving force of an organization.
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Integrity strategy
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70. Two Key Branches of Ethics
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1. Descriptive ethics (What is?) 2. Normative ethics (What ought to be?)
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71. It is not just a middle position on a continuum between immoral and moral management. Conceptually it has been positioned between the other two, but it is different in nature and kind from both. pg 204
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Amoral management
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72. There are two kinds of amoral management: pg204
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intentional and unintentional.
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73. Concerned with good and bad or right and wrong behavior and practices that take place within a *business context*. (extra)
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Business ethics is...
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74. Do not factor ethical considerations into their decisions, actions, and behaviors because they believe business activity resides outside the sphere to which moral judgments apply.
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Intentional Amoral Management
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75. Is more focused on *obedience* to the law as its driving force... pg206
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Compliance Strategy
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76. Do not think about business activity in ethical terms. These managers are simply casual about, careless about, or inattentive to the fact that their decisions and actions may have negative or deleterious effects on others. pg.204
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Unintentional Amoral Management
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77. Kohlberg's level 1: Preconventional level is...pg210
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Focus on "Self." Stage 1: reaction to punishment. Stage 2: Seeking of rewards
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78. Kohlberg's level 2: Conventional level is...pg211
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Focus on "Others." Stage 3: Good boy/Nice girl morality. Stage 4: Law and order morality.
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79. Kohlberg's level 3: Postconventional level is...pg211
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Focus on "Humankind." Stage 5: Social-contract orientation. Stage 6: Universal ethical principle orientation
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80. There is a general sequence of three levels (each with two stages) through which individuals evolve in learning to think or develop morally..pg 210
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Moral development
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81. It refers to the ability to *perceive* that a web of competing economic relationships is, at the same time, a web of moral or ethical relationships...pg217
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Moral imagination
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82. It refers to the *ability to discern *the relevance or nonrelevance of moral factors that are introduced into a decision-making situation...pg217
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Moral identification and ordering
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83. It is the practical, decision *phase of moral judgment* and entails essential skills, such as coherence and consistency that have proved to be effective principles in other contexts...pg218
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Moral evaluation
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84. It is an extension of a managerial aptitude that is present in practically all decision-making situations managers face.
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Tolerance of moral disagreement and ambiguity
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85. What are the two stages at the pre-conventional level?
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1. reaction to punishment 2. seeking of rewards
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86. What are the two stages at the conventional level
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3. good boy/nice girl morality 4. law and order morality
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87. What are the two stages at the post-conventional level?
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5. social-contract orientation 6. universal ethical principle orientation
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62B. Three key elements of making ethical judgments...pg191
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1. *Observe* the decision, action, or practice. 2. *Compare* the practice with prevailing norms of acceptability. 3. Must *recognize* that value judgments are being made.
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89. The compliance strategy is pg206
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Lawyer driven and is oriented not toward ethics or integrity but more toward compliance with existing regulatory and criminal law.
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90. This theory focuses on duties...pg227
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Deontological theories
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91. This theory focuses on the consequences or results of the actions they produce...pg227
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Teleological theories
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92. Theories focused on virtue...pg228
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Aretaic theories
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93. The right act is the one that produced with greatest good for the greatest number...pg228
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Principle of utilitarianism
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94. Act only in accordance with that maxim (rule of conduct ??) through which you can at the same time will that it become a universal law.
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Categorical imperative
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95. Rights cannot simply be overridden by utility(???), but only by another, more basic or important right...pg229
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Principle of rights
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96. It is the right to be left alone. It is the right to think and act free from coercion of others...pg230
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Negative right
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97. It is right to something, such as the right to food, to health care, to clean air, to a certain standard of living, or to education...pg230
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Positive right
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98. involves the fair treatment of each person...pg 230
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Principle of Justice
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99. It refers to the distribution of benefits and burdens. pg231
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Distributive justice
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100. It involves compensating someone for a past injustice.
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Compensatory justice
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101. It refers to fair decision-making procedures, practices, or agreements. pg231
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Procedural justice or Ethical due process
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102. Another ethical due process model which consists of 3 factors: Takes input from employees. Employees believe decisions were made and implemented appropriately Employees believe managers behave appropriately......pg231
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Process fairness
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103. Each person has an equal right, basic liberties compatible with similar liberties for all others. Social and economic inequalities are arranged so that they are both reasonably expected to be everyone's advantage and attached to positions and offices open to all...pg232
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Rawls's principle of justice
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104. It is a system of thought that is centered in the heart of the person, the manager, the employee, the competitor...pg233
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virtue ethics
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105. It is an approach to ethical leadership and decision making based on the moral principle of serving others first...pg234
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Servant Leadership
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106. Servant leadership behaviors and characteristics: Listening, Empathy, Healing.....
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Persuasion, Awareness, Foresight, Conceptualization, Commitment to the growth of people, Stewardship, Building community.
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107. Do unto others as you would have them do unto you...pg235
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The Golden Rule
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108. John c. Maxwell's Golden Rule... pg235
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1. Accepted by most people. 2. Easy to understand. 3. Win-win philosophy. 4. Acts as a compass when you need direction.
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109. Individuals should act to further their self interest as long as it doesn't violate the law...pg236
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Self Conventionalist Ethic
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110. If the full glare of examination by associates, friends, family, media, etc were to focus on your decision would you still remain comfortable with it? pg 236
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The Disclosure Rule
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111. Virtue is embodied in what each individual finds meaningful. There are no universal or absolute moral principles. If it feels good, do.
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The Hedonistic Ethic
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112. These "tests" are practical in orientation and do not require the depth of moral thinking that the principles do. pg237
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Ethical tests
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113. The individual simply asks, "Does the action I am getting ready to take really make sense?" pg238
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Test of Common Sense
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114. This test requires the individual to pose the question, "Is this action or decision I'm getting ready to take compatible with my concept of myself at my best?" pg238
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Test of One's Best Self
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115. If you are about to engage in a questionable practice, you might pose the following questions: "How would I feel if others knew I was doing this? How would I feel if I knew that my decisions or actions were going to be featured on the national evening news tonight for all the world to see?
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Test of Making Something Public (Disclosure Rule)
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116. To "expose your proposed action to others and get their thoughts on it. In other words, share your ethical quandary(??; ??), rather than keeping it to yourself. Someone else may say something of value that will help you in making your decision. pg239
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Test of Ventilation
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117. When an idea is made 'purified' by a superior, accountant, or lawyer. The central question is, "Am I thinking this action is right just because someone else says it is?"This is one of the most common ethical errors people make, and people must constantly be reminded that they themselves ultimately will be held accountable if the action is indefensible. pg239
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Test of Purified Idea
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118. This action may lead you to astray or toward the wrong course of action: greed, speed, laziness, or haziness??. All four of these factors represent temptations that, if succumbed to, might lead to unethical behavior. pg239
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Test of the Big Four
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119. This test was provided by a judge on the Louisiana Court of Appeals. He argued that a manager's clearest signal that a dubious decision or action is going too far is when you simply gag at the prospect of carrying it out. pg239
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Gag Test
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120. If several tests are used together, especially the more powerful ones, they do provide a means of examining proposed actions before engaging in them. pg239
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Use Several Tests Together
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121. Sets the tone and direction for the entire ethics and compliance program function. pg255
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Code of Conduct
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122. Reporting violations or "blowing the whistle" on wrongdoers. pg257
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Ethics "Hotlines" and Whistle-Blowing Mechanisms.
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123. They are intended to carefully review such ethics initiatives as ethics programs, codes of conduct, hotlines, and ethics training programs. pg259
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Ethics audits
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124. Helps to identify sustainability issues within an organization. pg259
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Sustainability audit
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125. They are review processes designed to identify and monitor conditions and events that may have some bearing on the company's exposure to compliance/misconduct risk and to review company's methods for dealing with these concerns. pg259
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Fraud risk assessments
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126. It refers to "totality of the means employed to provide objects necessary for human sustenance and comfort." pg270
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Technology
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127. Technology also refers to... pg270
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All the ways people use their inventions and discoveries to satisfy their needs and desires.
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128. How technology has benefited society? pg271
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1) It has increased society's production of goods/services. 2) It has reduced the amount of labor needed to produce goods/services. 3) Enabled greater production with a lesser amount of human labor, and made labor easier and safer. 4) Higher standards of living have been a direct result of laborsaving technology.
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129. What are the main 4 side effects of technology? pg272
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1) Environment pollution 2) Depletion of natural resources 3)Issue of technological unemployment 4) Creation of unsatisfying jobs
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130. The imperative that "what can be developed will be developed" pg273
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Technological determinism
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131. Occurs when the speed of technological change far exceeds that of ethical development. pg273
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Ethical lag
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132. There are 6 symptoms in "High Tech/High Touch"pg274
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1) We favor the quick fix. 2) We fear and worship technology. 3) We blur the distinction between what is real & what is false. 4) We accept violence as normal. 5) We love technology as a toy. 6) We live our lives distanced and distracted.
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133. Symptoms of society's intoxication: We favor the quick fix; We fear and worship technology; We blur the distinction between what is real & what is false. We accept violence as normal, and... pg274
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We love technology as a toy; We live our lives distanced and distracted.
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134. What are the two areas of technology that significantly touches business either directly or indirectly? pg274
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Information technology and biotechnology
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135. What is the most significant technological phenomena of our day? pg275
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Electronic commerce
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136. Electronic commerce referred to: pg275
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e-commerce, e-business, Web-based marketing
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137. Along with the growth of electronic commerce, business ethics problems have arisen. One major category of problems is... pg275
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Online scams
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138. Two broad areas of information technology:
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electronic commerce, computer technology in the workplace
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139. Ongoing issues in e-commerce ethics include: Access, Privacy & informed consent and __, __, __ pg275
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Protection of children; Security of information; Trust
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140. In e-commerce, is illustrated by the ethics of downloading music pg275
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Intellectual property
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141. The novel(???) ways companies place cookies on our computers without informed consent and collect online information and merge it with offline information pg275
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Privacy and informed consent
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142. E-commerce makes porn more accessible than traditional business. pg275
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Protection of children
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143. It is a major issue that some are reluctant to do business on the Web for fear their credit card numbers will be intercepted by someone not associated with the e-commerce business. pg276
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Security
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144. It is the basis for practically all business transactions, and it is especially crucial in e-commerce. pg276
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Trust
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Steps to Develop a Community Action Program
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Know the community; Know the company's resources; Selecting projects; Monitoring projects.
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146. Invasion of Privacy via Electronic Commerce. pg276
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Cookies & Spam
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147. They are those little identification tags that Web sites drop on our personal computer hard drives so they can recognize repeat visitors the next time we visit. pg276
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Cookies
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148. It is unsolicited commercial e-mail. pg276
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Spam
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149. The primary responsibility is to keep a company out of trouble, whether in a court of law or in the court of public opinion. Developing Internet policies, helping companies avoid consumer litigation, creating methods of handling and resolving consumer complaints pg279
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Chief Privacy Officer (CPO)
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150. A technique to gain personal information for the purpose of identity theft, usually by means of fraudulent e-mail
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Phishing
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151. Attitudes toward the benefits of technology in the workplace indicated increasing appreciation, they said that technology.. Expands job-related knowledge Increase productivity during normal work hours, and __, __ pg282
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Improves communication with clients and customers. Relieves job stress.
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152. The use of body measurements, such as eye scans, fingerprints, or palm prints for determining and confirming identity....pg285
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Biometrics
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153. Other technology issues in the workplace...pg285
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Surveillance extends beyond companies monitoring e-mail and Internet usage. Other forms of surveillance including monitoring faxes, using video cameras, drug testing, doing online background checks, logging photocopies, and recording phone calls.
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154. 3 Categories Questionable Business Practices pg280
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Web-based pornography; Internet gambling; Web-based downloading of music, movies, & books, etc
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155. Surveillance: Companies electronically watching, monitoring, or checking up on employees __, __, __, __, __, etc pg282
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Causes stress -76% monitor web sites -Monitoring E-mail and internet usage --Easy due to inexpensive technologies --And required by Sarbanes-Oxley Act
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156. It involves "using biology to discover, develop, manufacture, market and sell products and services." pg288
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Biotechnology
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157. It has emerged that deals with the ethical issues embedded in the commercial use of biotechnology. pg288
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Bioethics
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158. It involves elaborate protocols being established that ensure that certain classical worries, such as informed consent, are not violated. Focus more on procedures being followed than on ethical content of the decisions. pg289
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Procedurism
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159. The expanded marketplace that includes all business transactions taking place throughout the world. Trade in goods, a much smaller trade in services, the international movement of labor, and globalization trend explode. pg300
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Transnational economy
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160. Exporting, acting as licensor to a foreign company, establishing joint ventures with foreign companies outside the home country, and establishing or acquiring wholly owned business outside the home country. pg301
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Internationalization
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161. Global economic integration of many formerly national economies into one global economy. pg301
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Globalization or Globalism
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162. A trade agreement between North America that reduce tariffs, eliminate trade barriers, create a common market, and increase trade/investment.
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NAFTA North America Free Trade Agreement
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163. The pain of NAFTA has been felt most in the midwest, where manufacturing jobs have been lost to Mexico and Canada, now are being lost to...pg303
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China
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164. Strongly advocate open markets with private firms moving free across the globe....pg303
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Globalists
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165. Protest the expansion and greed of corporate global enterprises. Believe globalization is responsible for the destruction of local environments and emerging economies, abuses of human rights, the undermining of local cultures, and the sovereignty of nation-states. pg303
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Antiglobalists
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166. They operate with offices, factories, and headquarters in more than one country. pg304
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Multinational corporations (MNCs)
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167. What is today's nature of MNCs? pg304
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Financial institutions, chemical companies, pharmaceutical companies, mfgs, and service firms represent the kinds of enterprises that may be found operating in the global business environment
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168. It is characterized by a conception of ethics as the driving force of an organization. It provide common frame of reference and serve to unify different functions, lines of business, and employee groups. pg201
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Integrity strategy
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169. The most serious danger approach where we pick and choose which source of norms we wish to use on the basis of what will justify our current actions or maximize our freedom. A theory that holds that there are no universally accepted ethical standards pg192
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Ethical relativism
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170. Its aim is not procreation but rather the creation of a source of stem cells whose properties make them a possible source of replacement tissue for a wide range of degenerative diseases....pg291
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Therapeutic Cloning
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171. The raw materials with which a human body is built.
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Embryonic stem cells
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172. Characterized by child labor, low pay, poor working conditions, worker exploitation, and health and safety violations. pg314
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Sweatshops
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173. It was designed to piggyback on the ISO8000 quality-auditing system of the International Standards Organization (ISO) initiative to improve sweatshop conditions was created by......pg315
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Social Accountability International (SAI)
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174. This law allows foreign individuals to sue U.S. firms in U.S. courts for companies' actions abroad. pg317
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Alien Tork Claims Act (ATCA)
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175. Bribe government officials and the giving of questionable political contributions. Kickbacks and protection money for police, free junkets(??) for government officials, secret price-fixing agreements, and insider dealing etc. pg318
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Corruption
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176. It is a practice of offering something (usually money) in order to gain an illicit(???) advantage. pg319
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Bribery
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177. A law passed by the U.S. Congress in 1977, prohibits U.S. firms from paying bribes to foreign officials. pg319
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Foreign Corrupt Practices Act
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178. Payments to officials for the primary purpose of getting them to do whatever they are supposed to do anyway. ___ are intended to "smooth the way" for getting tasks accomplished and they are not illegal under the Foreign Corrupt Practices Act. pg319
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Grease payments
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179. A special-interest group founded in 1933 to fight against worldwide corruption. pg322
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Transparency International (TI)
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180. Defined 5 priorities in its fight against worldwide corruption in: pg322
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1) the private sector 2) politics 3) public contracting 4) international anti-corruption conventions 5) poverty and development
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181. TI has established two principles for business striving to root out corruptions: pg322
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The enterprise shall prohibit bribery in any form, whether direct or indirect. The enterprise shall commit to implementing a program to counter bribery
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182. This position holds that the MNC should continue to follow its home country's ethical standards even while operating in another country. pg326
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Ethical Imperialism
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183. Ethical relativism
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Gray area in which you ethical principles are defined by the traditions of your society, your personal opinions, and the circumstances of the present moment.
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184. A growing, recent movement against corruption as global trade and competition, free markets, and democracy have expanded over the past decades.
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Anticorruption movement
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185. A 1984 industrial accident at a Union Carbide plant in India that killed more than 2,000 people, bringing into focus for multinational corporations the issue of differing safety standards in different parts of the world; legal issues related to the tragedy are still ongoing.
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Bhopal tragedy
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186. Annual list published by transparency International that ranks countries in terms of the degree to which international companies with headquarters in those countries are likely to pay bribes to senior public officials in key emerging market economies pg323
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Bribe Payers Index (BPI)
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187. Widely used code of conduct urging companies to, among other things, respect all stakeholders, contribute to social and environmental development, respect laws and conventions, and avoid illicit activities. pg 329
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Caux Roundtable Principles
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188. An annual list published by Transparency International that ranks countries by their perceived levels of corruption, as determined by expert assessments and opinion surveys.
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Corruption Perception Index (CPI)
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189. Ethical standards that transcend national boundaries. (transcultural values). pg328
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Hypernorms
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190. special-interest groups committed to halting the expansion of global capitalism and trade. pg329
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Widely used code of conduct covering human rights, labor standards, the environment, and anticorruption.
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191. The backlash against globalization was by ......pg 301
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special-interest groups committed to halting the expansion of global capitalism and trade.
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192. Firms face two major underlying challenges or problems as they operate in a multinational environment. pg305
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1. achieving corporate legitimacy 2. fundamentally differing philosophies that may exist between the firm's home country and the host country.
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193. Arguments in favor of permitting bribery include the following. pg319
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(1) they are necessary for profits in order to do business (2) everybody does it—it will happen anyway (3) it is an accepted practice in many countries— it is normal and expected and (4) bribes are forms of commissions, taxes, or compensation for conducting business between cultures.
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194. Arguments frequently cited against giving bribes include the following. pg319
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(1) bribes are inherently wrong and cannot be accepted under any circumstances; (2) bribes are illegal in the United States and most developed nations and, therefore, unfair elsewhere; (3) one should not compromise her or his own beliefs; (4) managers should not deal with corrupt governments; (5) such demands, once started, never stop; (6) one should take a stand for honesty, morality, and ethics; (7) those receiving bribes are the only ones who benefit; (8) bribes create dependence on corrupt individuals and countries; and (9) bribes deceive stockholders and pass on costs to customers.
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195. Was created to develop a global language about corruption and a coherent implementation strategy. pg324
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The UN Convention against Corruption (UNCAC)
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196. Four major strategies or categories of action that could help MNCs conduct global business while maintaining an ethical sensitivity in their practices include.....pg328
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(1) global codes of conduct, (2) linking ethics with global strategy, (3) suspension of business activities in certain countries, and (4) ethical impact statements and audits.
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197. It assesses the institutions and practices that citizens can use to hold their governments accountable to the public interest. This index does not measure corruption itself, but rather the opposite of corruption: the extent of citizens' ability to ensure their government is open and accountable. pg 323
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Public Integrity Index
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198. It was not intended to be a model code of conduct for global business, but a benchmark for companies wanting to develop their own world-class code. pg329
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Global Business Standards (GBS) Codex
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199. An attempt to assess the underlying moral justifications for corporate actions and the consequent results of those actions. The information derived from these actions would permit the MNCs to modify or change their business practices if the impact statement suggested that such changes would be necessary or desirable. pg333
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Ethical impact statements
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200. Steps taken by the US & other major countries to address the issues of corruption & bribery include the...
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FCPA, the OECD Antibribery Convention, and the UNCAC.
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