Corporate Social Responsibility (CSR) allows businesses large and small to enact positive change. D That it is in an organization's own best interest to follow the legislation and abide by the law. b. Nurses' ethical responsibilities are informed by seven primary values. ​Phyllis's company donates​ $1 million to the local humane shelter so that it can build a new facility in the area. These examples of ethical behaviors ensures maximum productivity output at work. Which of the following is deemed as the single MOST effective step an organization can take in order to encourage ethical behavior in the​ workplace? The code of ethics for a professional association incorporates values, principles, and professional standards. Whereas conscious marketing takes a holistic view of business as a complex, adaptive system, CSR takes what view of business? 3) Consequentialism C) Ethics based upon the nature of consequences of action. The nature of the work carried out by CPAs — including auditing, accounting, and tax services — requires a high level of ethics: current and potential shareholders, investors, lenders, regulatory agencies, and other users of an entity's financial statements rely heavily on those financial statements in order to make informed decisions about the entity. The first is a company's ethics and compliance program, which accounts for 35% of the EQ. An integrity-based approach to ethics management combines a concern for the law with an emphasis on managerial responsibility for ethical behavior. The ability to make correct ethical choices depends on: • individual characteristics such as the level of moral development • organisational characteristics such as corporate culture. Played 34 times. Which definition best describes organizational ethical leadership A. Found inside – Page 210Some business leaders believe ethics initiatives should arise naturally from a company's corporate culture and that ... an ethics program consistent with research, best practices, and the decision-making process described in Chapter 6, ... As a first step to that end, it considers all of the individuals and groups involved to ensure that no decisions it makes inflicts harm or damage upon them. When making decisions, managers often have to decide between doing what is beneficial for themselves (and possibly the firm) in the short run, and doing what is right and beneficial for the firm and for society in the long run. The American Marketing Association provides a document for marketers on ethical behavior. Ethical banking involves consciousness of how banking practices affect society and the environment. First lie, then​ deny" would be consistent with which approach to social​ responsibility? Kill-the-messenger behavior at any . (Choose every correct answer.) Positive work environment. The social responsibility of a business is to give back to the world just as it gives to us. Found inside – Page 243To be free is to be free to be ethical, which requires involvement in real communities of responsibility. Hegel too believed that only within an ... Hannah Arendt best described the building blocks for a modern view of full freedom. The first is a company's ethics and compliance program, which accounts for 35% of the EQ. Brand equity can be positive or. He wants to increase the visibility of his firm in local markets, but he knows there are a number of regulations and socially accepted practices associated with promoting alcoholic beverages. when a firm lessens the negative impact it has on the environment. Q.1. As introduced early in this chapter, Corporate Social Responsibility (CSR) "is a self-regulating business model that helps a company be socially accountable—to itself, its stakeholders, and the public. The firm is behaving unethically but is socially responsible. Business Ethics & Social Responsibility DRAFT. &�����;�E��Z/g�?��&Y��7�WWW�q4�I�1L.��V�9\�jO�/&q4z��e�E�p-�8;���qxR�O��e|^�0���2��d��s�������(�0�!�*�q�m5�p^����g��re��,v�~u�.��p�L�E����Y���­���&��� ]�E�\��0�fq�!^N��!�H�#3�g߽��տ}���M��ߓ���ѫwGo�����~�6��������w�Z�S��L?D��(��F��4��>?|���/9y������/{��/N��K��~ՕV�d/���Zr�'�Q�NC������U:��iZ�5����t�:UڭV���i��_,�MG^�^�u�{��*e�l?�ie��e��&@�,�>N���i6��`:�y���"�Oc�~�x �T�)�RH��p9]���N�5�gY�M�`�.�dDAz�f�@���o��,��y���bMS"�$i\M��rz1ɂI�!�Ȳ�2#��8��K�h�M?0��U��r�i=HW��l����,��cX�E���9M��z�DK�Q0�g��ʖ�a1�X������O��}. a. by aking17. Though philosophers have discussed abstract ethical dilemmas for most of recorded history, there appears to be no universal answer to resolve ethical problems.The varied works of philosophers have led to the development of ethical frameworks that may be applied to any particular situation. The company's CEO countered that the claims were actually made by customers; these testimonials were posted on the company's website but later removed. Our Corporate Social Responsibility (CSR) company policy refers to our responsibility toward our environment. What is meant by the phrase 'teleological ethics'? The Rights Approach. According to the U.S. Environmental Protection Agency, ______ means that everything we need for our survival and well-being depends, either directly or indirectly, on our natural environment. Who eventually raised concerns about the documents at Boeing? If an action is legal it is by definition ethical. The evolution of ______ marketing means that now companies take into consideration not only their shareholders but also their stakeholders. True. consideration of stakeholders and their interdependence. A group formed for the purpose of soliciting funds and then contributing those funds to the campaigns of politicians is known as​ a(n) _______. GE's ecomagination program, which doubles investments in clean research and development, is an example of using social responsibility to transform which of the following? Motivation. . Aim is to produce the most good. Which of the following best describes how society at large views CSR? However, set your standards beyond This is an example of​ _______. 458 Chapter 9 Professional Ethics and Responsibilities (IEEE CS).1 They developed the Software Engineering Code of Ethics and Professional Practice (adopted jointly by the ACM and IEEE CS) and the ACM Code of Ethics and Professional Conduct (both in Appendix A). A manager who discriminates against a member of a protected class in an employment decision such as​ hiring, firing,​ training, or promotion demonstrates​ _______ behavior. The ACCA Code of Ethics is covered in this chapter however, both the IFAC and ACCA codes have the same roots and are, to all intents and purposes identical. A majority of Canadians (60%) talk with friends and family about topics related to social responsibility: 42% say they talk with friends and family about a company's ethical behaviour and 33% say they have recommended a company because they believed it was socially responsible. Ethics and Integrity—disclosing the company's values, principles and standards, and its internal and external mechanisms for (1) seeking advice on ethical and lawful behavior and (2) reporting concerns about unethical or unlawful behavior and matters of integrity. The company strongly discourages behaviors that are not in the best interests of Amazon or their customers, suppliers, or their employees. As mentioned previously, Rae suggests that ethics are a process that is both an art and a science. Business ethics are a set of moral guidelines that influence how a company serves its customers and treats its employees and is often based upon the personal ethics of the company's owner or manager. According to Wallace, "A credo generally describes the highest values to which the company aspires to operate. Found inside – Page 9Perhaps business ethics can be best described as a not so simple method by which people can come to know what is right from ... or immoral action that can harm the stakeholders of the company has the duty to disclose it to the public, ... It partners with non-profits to provide eye care to those in need. Table 1 describes these values in mor e detail. How might Starbucks ensure that it behaves in a socially responsible way toward members of its supply chain? There are generally three philosophical approaches, or what may be considered the science, to ethical reasoning: utilitarian ethics. In short, the ethics of sustainability provide the moral authority behind Ethical responsibility deals with ethical endeavours. Found inside – Page 126Which of the following best describes GAAP ? a . ... An action is taken by the directors of company A to provide additional compensation for vice presidents in charge of ... laws calls for the profession to establish a code of ethics . Found inside – Page 228... that states if an action cannot be taken repeatedly , then it is not right to be taken at any time best describes ... of society best describes : a . a code of ethics . b . professional responsibility . c . professional standards ... c. Social justice must be addressed consistently. Direct influence to shape social responsibility practices by the government is most often accomplished through​ _______. The CSR notion has developed as a rather vague concept of moral good or normative behaviour (Carroll 1991).This construct was described as a relativistic measure of 'the economic, legal, ethical and discretionary expectations that society had of organizations at a given point of time' (Carroll 1979).CSR tackled 'social problem(s)' to engender positive 'economic benefit(s)' to . We refer to sections of the Codes in View Answer . Ethical conduct is whatever a fully virtuous person would do in the circumstances. C. Delegating ethical responsibilities to lower level managers. Which of the following BEST describes a conflict of​ interest? Found inside – Page 267Overall there are several ways in which this company ( and all others ) can respond openly and fully to the specific ... CULTURE According to Sandoz ( 1997 ) , Mr. Kaku is “ best described not as businessman , but as soul and conscience ... a way of relating to self, employees, and the organization that balances individual and collective responsibility . This report is part of General Mills' ________ phase of its strategic marketing planning process. Developing Codes of Ethics. Responsibility in a business context refers to "a sphere of duty or obligation assigned to a person by the nature of that person's . These programs are based on the idea that businesses can reduce their adverse social and environmental impacts on the world. Found insideThis analysis employs a type of dramatistic criticism, which “analyses language and thought as modes of action rather than ... A number of rhetorical critics provide insight into why dramatistic analysis best explains Mylan's attempt to ... Found inside – Page 87Different public reporting approaches are also used, including issuing corporate responsibility-specific reports, ... these decisions to companies to determine what course of action best fits the business reality and the local context. PMI members have determined that honesty, responsibility, respect and fairness are the values that drive ethical conduct for the project management profession. A. Respect is an overall statement, as being an ethical employee includes . Johnston Marine sells and customizes boats. A business provides a community with jobs, goods, and services. Found inside – Page 15Which of the following best describes Jack Aldred's primary fiduciary responsibility? ... indicating that each is based on Standard I.D Misconduct of CFA Institute's Code of Ethics and Standards of Professional Conduct. 2) Deontology B) Ethics based on the fulfillment of one's duty. Being an ethical manager is difficult. Social responsibility is an ethical theory in which individuals are accountable for fulfilling their civic duty, and the actions of an individual must benefit the whole of society. Business ethics are a set of moral guidelines that influence how a company serves its customers and treats its employees and is often based upon the personal ethics of the company's owner or manager. Marketing ethics is concerned with all of the following except, Conscious marketing encompasses all of the following overriding principles except, All of the following terms are generally associated with the definition of corporate social responsibility except, All of the following statements regarding corporate social responsibility are true except. This is an example of​ _______. Found insideThe document goes on to describe the company's ethical principles, its environmental responsibility and corporate citizenship. If values are being articulated for the first time, they should reflect the best of reality rather than a set ... This is an example of​ _______. In the ethical decision-making framework, its next action should be to A. identify issues of concern to lawmakers. The set of moral principles or values that defines right and wrong for a person or group. There may be restrictions on, for example, gifts, entertainment and physical security that are more limiting than our own, and if so, we follow them in connection with the client engagement. Regular headlines reveal that breakdowns of integrity collectively cost businesses billions of dollars in litigation, fraudulent financial acts, increased costs, fines, reputation and image damage, customer/client trust, lost sales and recovery costs, and potentially land senior . 7. A firm whose employees engage in honest transactions but that does not contribute to the larger community is ______. As described on its corporate social responsibility website . 11.4 Corporate Ethics and Social Responsibility What Is Corporate Social Responsibility? True or false: If firms implement programs that are socially responsible, their employees are NOT required to act in an ethically responsible way. "In today's transparent, social-media-driven world, senior executives, especially those with a high profile, will be tested and called to task over their morals and ethics in how they do business . For example, the company's electric automobiles are widely viewed as an answer to the negative impacts of cars that use internal combustion engines. Found inside – Page 72.9 Large companies often include a reference to social responsibility in their mission statements. Which of the aspirations below reflect a ... or seek any external advice.' Which of the following describes the accountant's actions? The ethical action is the one that provides the greatest good for the greatest number. Suppose that a fictitious toy company knowingly manufactured educational toys made from dangerous materials, while at the same time donating large sums to a nonprofit organization researching educational techniques. The new regulation addressed the marketing ethics problem of, All of the following are questions posed in the ethical decision-making metric except, The Harvest County School Board is concerned about deteriorating school facilities, combined with a shrinking budget. B. Proper use of funds includes managing all money and resources to purchase or use as is expected by the company. Found inside – Page 617Global customers want to do business with companies who have a strong, consistent moral compass and standards on a worldwide scale. The PSP for RCF is best described as “work in process.” As future developments unfold, we may need to ... This is an example of​ _______. 0. . Marketers that include ethical policies and standards in the firm's mission or vision statements are introducing these concepts at which stage of the strategic marketing planning process? helped to direct IKEA's actions. Corporate social responsibility (CSR) is a new idea, one in which the corporate sector incorporates social and environmental concerns in its strategies and plays a more responsible role in the world. In addition to the fine, the company faced several class-action lawsuits, and the Better Business Bureau has revoked MyPillow's accreditation. The school board has listened to each group's concerns. One of TOMS' key slogans is "Shoes that bring the world together.". PMI's Code of Ethics and Professional Conduct applies those values to the real-life practice of project management, where the best outcome is the most ethical one. 4. Aim is to perform the right action. Corporate Social Responsibility, or CSR, usually refers to a company's commitment to practice . . It's also our responsibility to understand a client's code of conduct in addition to following our own Code of Business Ethics. Legality is important, but it doesn't define workplace ethics. When it comes to society, corporations should be just as accountable as people for helping things advance in an ethical and responsible manner. In which stages of the strategic marketing planning process do firms address conscious marketing? The firm donates generously to the community, supporting veterans' organizations, schools, and local hospitals. ​_______ involves public​ disclosure, often by an​ employee, of​ corruption, a​ wrongdoing, or illegal or unethical conduct on the part of others within an organization. This would suggest that the company has adopted​ a(n) _______ stance to social responsibility. What is the third step in ethical decision making? As consumers become more and more concerned with social and environmental issues we face in the world around us, more and more for-profit socially responsible companies are responding by joining (and sometimes leading) the fight to tackle those social issues and develop systems of . What approach to social responsibility does this BEST​ demonstrate? Companies that take an accommodating or proactive approach to social responsibility do a better job of this than those that are defensive or obstructive. Found insideThe third group are best described as 'rationally indifferent'. They wouldn't disagree that we should all be taking responsibility. In street surveys they create the gap between intent and actual action. When surveyed they'll tick the ... True or false? Every industry and individual business has its own ethical conduct that affects its organizational procedures and systems. Corporate social responsibility (CSR) is a form of international private business self-regulation which aims to contribute to societal goals of a philanthropic, activist, or charitable nature by engaging in or supporting volunteering or ethically-oriented practices. a. Due care requires a member to discharge profession- Found inside – Page 388Which BEST describes the ethical mandates about social and political action by social workers? ... A. Taking responsibility for actions B. Dealing with mood changes C. Accepting limitations and being accountable D. Blaming others 121. Jack discovers that his employer is dumping dangerous chemicals into the river rather than disposing of them correctly. In demand nationwide as a speaker and analyst on business ethics, she takes her decades of findings and shows us in The Seven Signs of Ethical Collapse the reasons that companies and nonprofits undergo ethical collapse, including: · ... E. Influencing others to ethically achieve company goals. Our Responsibilities—Personal Integrity, Corporate Values and Ethical Principles Rainmaker Systems' (the "Company") continued growth, profitability and prosperity is linked to our employees' ability to make decisions that are consistent with Rainmaker's core values and ethical principles. 1. The National Association of Realtors hires a consulting group to meet with members of Congress and the Senate and​ develop, advance, and influence legislation concerning the ownership and operation of real estate. The ethics of a business depends on the company's culture or moral behavior (Long & Sedley, 1987). A company sells products that it knows are ineffective, and its factories emit more pollution than legally permissible. 2. Taking responsibility is difficult. Therefore, a business owner must make ethical decisions, including hiring and contracting decisions, to demonstrate the company's social responsibility. In this regard, corporate citizenship is essential in the business. Which of the following best describes managerial ethics? Found inside – Page 190In fact , Imperial's ethical standards were often emulated by other companies attempting to upgrade their own standards ... participation in ethical business practices was best described in the form of two action phases : the proactive ... In performing their job duties, Amazon.com employees should always act lawfully, ethically, and in the best interests of Amazon.com ("Corporate Governance: Code of Business Conduct and Ethics," 1996). That is perhaps why many managers try and simplify it by deferring responsibility (to someone or something else) and by turning ethical choices into simple economic decisions, or decisions driven by simple metrics. Which of the following would BEST describe the​ company's approach to social​ responsibility? Found inside – Page 11A. yes 176 65.9 % B. 53 19.9 % C. other 38 14.9 % no X. Please check information below which best describes your type ... Respondents stated they felt flict pitting ethical responsibility against management more difficult clients were ... When an ethics question arises, Connor says, HR professionals need to understand exactly what role they're playing. The third element is corporate citizenship and responsibility, elements that measure companies' environmental impact. The business benefits of corporate social responsibility include the following: 1. Accepting this trip would constitute​ _______. Social Responsibility and Ethics. Consumers feel that when they use a product or service of a socially responsible company, they are doing their part. False 1 / 1 pts Question 12 At Brickyard Tools, one of Jerome's key responsibility is to evaluate and take corrective action concerning the allocation and use of human, financial, and . Respect. Which of the following describes the level of moral responsibility when there is an absence of causality, Question: 25. Found inside – Page 95The client/sponsor has an obligation to encourage the researcher to seek out the truth objectively. ... come to a consensus about what decision-statement(s), and thus what research question(s), best describes the need for the research. Which of the following BEST describes a conflict of interest? Which of the following statements regarding corporate social responsibility is true? Her firm has adopted an aggressive energy conservation approach to​ manufacturing, and it actively participates in programs to reduce poverty and illiteracy in the community. Evaluating performance occurs during the ___ phase. ​John, a purchasing​ agent, is offered an​ all-expense paid trip to Hawaii by a supplier if he agrees to award a substantial amount of business to the supplier. Let's say that Fisher-Price chooses to engage in conscious marketing in a future iteration of the Apptivity seat. Social responsibility deals with the firm's impact on _______. Which of the following groups or individuals would NOT be considered an organizational​ stakeholder? A weak ethical culture was blamed for 34% of the violations and 21% of employees experienced retaliation after reporting misconduct. It is called the. Found inside – Page 57( b ) Collecting company tax . ( c ) Occupational health and ... Outline the ethical and social responsibilities of the business . ... In terms of the public / private enterprise mix , how is the Australian economy best described ? Which of the following best describes the company? A. "As a representative of the company, you have one set of responsibilities. IFAC, through the International Ethics Standards Board for Accountants, has issued a code of ethics, as has the ACCA. A company that produces and distributes alcoholic beverages places all legally required warning labels on its products.​ However, in countries where such warning labels are not​ required, it does not do so. While once it was possible to describe CSR as an internal organisational policy or a corporate ethic strategy, that time has . Brand Equity In marketing, brand equity refers to the value of a brand and is determined by the consumer's perception of the brand. True or false: In business decisions, people rarely if ever have to choose between conflicting outcomes. Found inside – Page 2088As a company, would you describe PPI as having an identifiable philosophy of moral values? ... Which ethical perspective best describes PPI's approach to safety issues? ... their responsibilities toward PPI? 4. C That it is in an organization's own best interest to act in an ethical way. Found inside – Page 488The inspector's responsibility here is to perform within the limit of his authority . ... Set the standard for ethical behavior . ... Probably , the responsibility can be best described with an example from the aircraft industry .

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