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Business Ethics Chapter 1 1 Before coming to class, watch two hours of children’s programming on one of the children’s TV channels such as Disney Channel or Nick Junior
Chapter 1 Introduction to Business Ethics Exercise 1 Watch the movie Glengarry Glen Ross (1992—100 minutes). Discuss the following questions: 1. What are some of the major challenges facing the employees in the movie? Exercise 2 Watch the movie The […]
Business Ethics Chapter 1 1 Discuss five important benefits acruing to companies as a result of their ethics program Discuss the stockholder theory of business
A BC D E 1 Ethics refer to The set of shared attitudes, values, goals, and practices that characterizes an institution, organization, or group the embodiment of what an organization stands for, and should be the basis for the behavior […]
Business Ethics Chapter 1 1 Similar to individual ethics, people may have different perceptions of what is considered ethical or not in business
1 Introduction to Business Ethics • As the public and the media grow more wary and suspicious of the motives of companies, large and small, it is becoming ever more critical for companies to become more ethical. What is Business […]
Business Ethics Chapter 1 Homework Similar to individual ethics, people may have different perceptions of what is considered ethical or not in business
1 Introduction to Business Ethics • As the public and the media grow more wary and suspicious of the motives of companies, large and small, it is becoming ever more critical for companies to become more ethical. What is Business […]
Business Ethics Chapter 1 Homework You are done with classes and walk to your car. It is a windy day and when you open your car door, the door accidentally hits the car parked next to you
Chapter 1 Introduction to Business Ethics Exercise 1 Watch the movie Glengarry Glen Ross (1992—100 minutes). Discuss the following questions: 1. What are some of the major challenges facing the employees in the movie? Exercise 2 Watch the movie The […]
Business Ethics Chapter 10 1 Air pollution occurs when the release of materials to the atmosphere cannot be safely disposed of by natural processe
10 The Environment and Sustainability • Sustainability refers to the capacity of healthy ecosystems to continue functioning indefinitely or economic development that meets the needs of the present generation without compromising the ability of future generations to meet their needs. […]
Business Ethics Chapter 10 1 What is air pollution? Briefly discuss the six common air pollutants as identifed by the Environmental Protection Agency and how they contribute to air pollution
A BC D E 1 Sustainability refers to which of the following? The capacity of healthy ecosystems to continue funcionning indefinitely Economic development that meets the needs of the present generation without compromising the needs of future generation Use of […]
Business Ethics Chapter 10 Homework High exposure to particulate matter has also been linked to respiratory ailments as well as heart disease such as irregular heartbeat and heart attacks
10 The Environment and Sustainability • Sustainability refers to the capacity of healthy ecosystems to continue functioning indefinitely or economic development that meets the needs of the present generation without compromising the ability of future generations to meet their needs. […]
Business Ethics Chapter 11 1 Bribery also refers to gifts or payments to someone to expedite a government action or to gain some business advantages
11 Global Ethics What is Global Business Ethics? What is the Nature of Differences in Ethics? • National cultural differences: differences in what people think is the right way to do things. • Social institutions: differences in educational systems, religion, […]
Business Ethics Chapter 11 1 Discuss some of the ways national culture and social institutions affect ethical behavior. Be specific with examples
Question A BC D E 1 Which of the following is not one of the convergent factors leading multinationals to adopt more similar ethical practices? Regional trade agreements Global customers and products Cross-border competition Mergers and acquisitions All of the […]
Business Ethics Chapter 11 Homework Ethical relativism is an ethical viewpoint based on the assumption that there are no objective and universal moral standards
11 Global Ethics What is Global Business Ethics? • Global business ethics apply to the myriad of ethical issues any company faces when operating in the global environment. • Convergence: belief that many management practices, including those related to ethics, […]
Business Ethics Chapter 12 1 Principled climates occur when the organization has norms that encourage people to make ethical decisions based on a set of standards
12 Building Ethics at the Corporate Level: Managing the Ethical Climate An Overview of Ethical Climate An Ethical Climate Model • Ethical climate represents what organizational members believe are the forms of ethical reasoning or behavior and the expected standards […]
Business Ethics Chapter 12 1 What is an ethical culture? Discuss both formal and informal components of the ethical culture. Illustrate your answer with specific examples
Question A BC D E 1 …Represent the shared perceptions of procedures, policies, and practices, both formal and informal, of the organization? Work climates Ethical climate Principled climates Egoist climates Ethical codes 2 In an attempt to identify the ethical […]
Business Ethics Chapter 12 Homework Work climates represent the shared perceptions of procedures, policies, and practices, both formal and informal, of the organization
12 Building Ethics at the Corporate Level: Managing the Ethical Climate An Overview of Ethical Climate An Ethical Climate Model • Work climates represent the shared perceptions of procedures, policies, and practices, both formal and informal, of the organization. • […]
Business Ethics Chapter 13 1 Integrated reports are those that are built into the annual reports, which traditionally have focused only on financial performance
13 Corporate Social Responsibility • Corporate social responsibility (CSR): activities when companies go beyond the requirements of running an economically viable business within the constraints of the law to protect the environment and enhance the well-being of their stakeholders. A […]
Business Ethics Chapter 13 1 What are social performance reports? What are some reasons why companies are now reporting their CSR performance?
Question A BC D E 1 …allows the best organizations to flourish because competition favors those who produce the best products at the best prices as consumers also seek their own self interest in buying those products Laissez-faire The invisible […]
Business Ethics Chapter 13 Homework Work activities when companies go beyond the requirements of running an economically
13 Corporate Social Responsibility • Corporate social responsibility (CSR): activities when companies go beyond the requirements of running an economically viable business within the constraints of the law to protect the environment and enhance the well-being of their stakeholders. A […]
Business Ethics Chapter 2 1 Discuss how you would apply utilitarian ethics to make the decision. How would use of Kantian ethics help you make the decision
A BC D E 1 … is defined as any actions that violate accepted societal norms. Unethical Behavior Moral awareness Ethical Awareness Moral Judgment None of the above 2 …refers to the ability of an individual to understand the ethicality […]
Business Ethics Chapter 2 1 Moral awareness refers to the ability of an individual to understand the ethicality of a situation or behavior
2 Building Ethics at the Individual Level • Unethical behavior as any actions that violate accepted societal norms. • Why should companies attempt to understand individual ethics to reduce unethical behavior? Moral Awareness • Moral awareness refers to the ability […]
Business Ethics Chapter 2 Homework Unethical behavior can lead to a decrease in general well-being as a result of the trauma and stress associated with either being victimized or committing unethical behavior
2 Building Ethics at the Individual Level • Unethical behavior as any actions that violate accepted societal norms. • Why should companies attempt to understand individual ethics to reduce unethical behavior? o Unethical behavior can lead to a decrease in […]
Business Ethics Chapter 3 1 Companies can also provide very explicit training by having employees consider actual ethical dilemmas and assess how employees react to these dilemmas
3 Ethical Theories • Theories are frameworks that allow researchers to predict or explain some phenomena. • Recent research suggests that most business ethics textbooks have ignored ethics theories as “ethics theory is accorded a low profile in the teaching […]
Business Ethics Chapter 3 1 Discuss how you would apply utilitarian ethics tom Compare and contrast Kantian ethics utilitarianism can they of be moral combined to make more ethical
A B C D E 1 The obedience to authority/fear of punishment stage whereby the person defines right or wrong based on the obedience to rules from those in power represent which stage of Kohlberg‘s moral development? First stage Second […]
Business Ethics Chapter 3 Homework Universal ethical principles stage is when the decision-maker determines whether an action is right based on universal ethical principles that everyone should follow
3 Ethical Theories • Theories are frameworks that allow researchers to predict or explain some phenomena. • Recent research suggests that most business ethics textbooks have ignored ethics theories as “ethics theory is accorded a low profile in the teaching […]
Business Ethics Chapter 4 1 Discuss the three important stakeholder attributes. Give one example for each. Discuss the different combinations of stake holder attributes
A BC D E 1 Which of the following is true regarding a strong stakeholder management approach? It means that a company has good relationships with its various stakeholders It has the potential to increase a company’s financial performance It […]
Business Ethics Chapter 4 1 Primary stakeholders are typically directly linked to a company’s survival and are either impacted or impact companies directly
4 Stakeholders What Are Stakeholders and Why Do They Matter? • Stakeholder is any group or individual that can affect or is affected by the achievement of an organization’s objectives. • Why should a company be concerned about properly managing […]
Business Ethics Chapter 4 Homework In contrast to primary stakeholders, secondary stakeholders tend to be less directly linked to the company’s survival and include the media, trade associations, and special-interest groups
4 Stakeholders What Are Stakeholders and Why Do They Matter? • Stakeholder is any group or individual that can affect or is affected by the achievement of an organization’s objectives. • Why should a company be concerned about properly managing […]
Business Ethics Chapter 5 1 Employees should be treated with respect and dignity and be provided reasons for their termination
5 Primary Stakeholders: Employees • Employees represent the human resources available to a company dedicated to achieving its goals. Hiring and Terminating of Employees Hiring, Recruitment, and Selection • Hiring process is one of the critical ways that companies relate […]
Business Ethics Chapter 5 1 What is the first and most important step in developing an ethical organization? Briefly discuss the role of recruitment and selection in the process
Question A BC D E 1One of the key factors to developing an ethical organization is by: Selecting employees without regard to ethics Selecting employees that display high ethics Strictly disciplining employees for unethical behavior Maintaining an experienced management group […]
Business Ethics Chapter 5 Homework Recruitment refers to the process of identifying and attracting qualified people to apply for vacant positions in an organization
5 Primary Stakeholders: Employees • Employees represent the human resources available to a company dedicated to achieving its goals. Hiring and Terminating of Employees Hiring, Recruitment, and Selection • Hiring process is one of the critical ways that companies relate […]
Business Ethics Chapter 6 1 Product is the product or services offered by the company that meet the requirements of the customers
6 Primary Stakeholders: Customers Marketing • Marketing is the activity, set of institutions, and processes for creating, communicating, delivering, and exchanging offerings that have value for customers, clients, partners, and society at large. • Marketing mix (4Ps) o Product is […]
Business Ethics Chapter 6 1 What is promotion? What are some of the main ethical issues in promotion? Discuss some of the major techniques of deceptive advertising
A BC D E 1 In the marketing mix, the merchandise or services offered by the company that meet the requirements of the customers is Place Product Promotion Price None of the above 2 In the marketing mix, th process […]
Business Ethics Chapter 6 Homework Predatory pricing: Predatory pricing occurs when a company lowers it prices so far below competitors that it drives the competitors out of the market
6 Primary Stakeholders: Customers Marketing • Marketing is the activity, set of institutions, and processes for creating, communicating, delivering, and exchanging offerings that have value for customers, clients, partners, and society at large. • Marketing is the management process that […]
Business Ethics Chapter 7 1 Discuss how national culture dimensions such as uncertainty avoidance and masculinity affect corporate governance issues
A BC D E 1 Which of the following is true regarding shareholders? They invest their money in businesses hoping for a return on their investment They are legal owners of business corporations There are three main types of shareholders: […]
Business Ethics Chapter 7 1 Such transactions are usually done through a stockbroker and are typically held in brokerage accounts
7 Primary Stakeholders: Shareholders and Corporate Governance Types of Shareholders and Agency Theory • Shareholders are legal owners of business corporations. • Two main types of shareholders: o Individual shareholders o Large shareholders • Individual shareholders include regular persons buying […]
Business Ethics Chapter 7 Homework Institutional investors are entities such as mutual funds, banks, pension funds, and insurance companies that invest money on other people’s behalf
7 Primary Stakeholders: Shareholders and Corporate Governance Types of Shareholders and Agency Theory • Shareholders are legal owners of business corporations. • Two main types of shareholders: o Individual shareholders o Large shareholders • Individual shareholders include regular persons buying […]
Business Ethics Chapter 8 1 What is government regulation? Discuss two key elements of the World Bank Doing Business project in the context of government regulation
Question A BC D E 1 Governments are considered as regulative institutions that can constrain and regularize behaviors and actions through its: Capacity to establish rules Capacity to inspect and review conformity Capacity to manipulate consequences to reinforce behaviors All […]
Business Ethics Chapter 8 1 Secondary stakeholders were defined as those groups or entities that have an indirect impact on the company’s survival and strategic activities
8. Secondary Stakeholders: The Government, the Media, and Non-Governmental Organizations • Secondary stakeholders were defined as those groups or entities that have an indirect impact on the company’s survival and strategic activities. Government Regulation • Two ways that the government […]
Business Ethics Chapter 8 Homework Registration of property refers to the full sequence of procedures necessary for a business to purchase a property from another business and transfer the title to the buyer’s name
8. Secondary Stakeholders: The Government, the Media, and Non-Governmental Organizations • Secondary stakeholders were defined as those groups or entities that have an indirect impact on the company’s survival and strategic activities. Government Regulation • Governments are considered as regulative […]
Business Ethics Chapter 9 1 Employees should be made aware that companies constantly monitor their social media postings for legitimate and business reasons
9 Information Technology and Ethics • Information technology (IT) refers to the Internet and new forms of social media. Social Media and Ethics • Social media refers to the advanced Internet technology and applications that have largely enabled collaboration among […]
Business Ethics Chapter 9 1 What is e-commerce security? Discuss some of the key elements of e-commerce security. How can companies ensure e-commerce secuirty?
Question A BC D E 1 Which of the following is not TRUE regarding social media? Web 1.0 is usually user-generated allowing individuals to interact Social media is the popular term referring to advanced information technology and applications that have […]
Business Ethics Chapter 9 Homework Employees should be made aware that companies constantly monitor their social media postings for legitimate and business reasons.
9 Information Technology and Ethics • Information technology (IT) refers to the Internet and new forms of social media. Social Media and Ethics • Social media refers to the advanced Internet technology and applications that have largely enabled collaboration among […]