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Business Ethics

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Set of flashcards Details

Flashcards	136
Students	15
Language	English
Category	Religion/Ethics
Level	University
Created / Updated	02.01.2020 / 12.01.2024
Licencing	Not defined
Weblink	https://card2brain.ch/box/20200102_business_ethics
Embed	<iframe src="https://card2brain.ch/box/20200102_business_ethics/embed" width="780" height="150" scrolling="no" frameborder="0"></iframe>

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Principles are

laws and regulations that guide behavior in the world of business

mores, values, and customs that guide behavior in general

specific and pervasive (allgegenwärtig) boundaries for behavior that are universal and absolute

the obligations businesses assume to maximize their positive impact and minimize their negative impact on stakeholders

the mores, values, and customs that parents teach their children

Social responsibility is

an organization's obligation to maximize its positive effects and minimize its negative effects on stakeholders

principles and standards that guide behavior in the world of business

a business's responsibility not to pollute the environment

a business's responsibility to manufacture products that function properly

charitable contributions made by a business to enhance its image

The ___ was/were enacted to restore confidence in financial reporting and business ethics after the accounting scandals of the early 2000s.

Defense Industry Initiative on Business Ethics and Conduct

Sarbanes-Oxley Act

Federal Sentencing Guidelines for Organizations

Foreign Corrupt Practices Act

Dodd-Frank Wall Street Reform and Consumer Protection Act

The term business ethics is best described by the following statement:

It is a study and philosophy of human conduct, with an emphasis on determining right and wrong.

It is and "inquiry into the nature and grounds of morality where the term morality is taken to mean moral judgments, standards and rules of conduct."

It is the "study of the general nature of morals and of specific moral choices, moral philosophy, and the rules or standards governing the conduct of the members of a profession."

It is an organization's obligation to maximize its positive effects and minimize its negative effects on stakeholders.

It comprises the principles, values, and standards that guide behavior in the world of business.

Which of the following is not one of the rights spelled out by John F. Kennedy in his "Consumers' Bill of Rights"?

The right to choose

The right to safety

The right to be informed

The right to be ethical

The right to be heard

During 1990s the institutionalization of business ethics was largely driven by which piece of legislation?

Sarbanes-Oxley Act

Federal Sentencing Guidelines for Organizations

Dodd-Frank Wall Street Reform and Consumer Protection Act

Foreign Corrupt Practices Act

Global Sullivan Principles

Business ethics, as a field, has passed through which of the following states?

9-12

A field of study to theological discussion to recognition of social issues

Recognition of social issues to a field of study to theological discussion

A field of study to recognition of social issues to theological discussion

Recognition of social issues to theological discussion to a field of study

Theological discussion to recognition of social issues to a field of study

The 1960s saw a rise of consumerism. What is consumerism?

An increase in consumer rights by organizations and government

The growth of international retail chain stores

Activities undertaken by independent individuals, and groups to protect their rights as consumers

The widespread adoption of consumer oriented marketing strategies among businesses

Organizations' tendency to seek ways to take advantage of consumers

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