Business Ethics

Course Business Ethics FHNW (Business Administration IM)

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Sprache

Englisch

Kategorie

Religion/Ethik

Stufe

Universität

Erstellt / Aktualisiert

05.01.2025 / 15.01.2025

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Ethical leadership is solely the concern of top management.

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Stakeholder assessment is an important part of a high-commitment approach to environmental issues.

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Ethanol, fracking, and hydropower are all forms of alternative energy.

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The Environmental Protection Agency (EPA) deals with environmental issues and enforces environmental legislation is the United States.

Yes

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Sustainability is the potential for the long-term well-being of the natural environment including all biological entities, as well as the mutually beneficial interactions among nature and individuals, organizations, and business strategies.

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Certain facilitating payments are acceptable under the Foreign Corrupt Practices Act.

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Multinational corporations have identifiable home countries but operate globally.

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One of the critical ethical business issues linked to cultural differences is the question of whose values and ethical standards take precedence during international negotiations and business transactions.

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The self-refrence criterion is an unconscious reference to one's own cultural values, experience, and knowledge.

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Most countries have a strong orientation toward ethical and legal compliance.

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An ethical compliance audit is designed to determine the effectiveness of ethics initiatives.

Yes

The key goal of ethics training is to help employees identify ethical issues.

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Ethical compliance can be measured by observing employees as well as through investigating and reporting mechanisms.

Yes

The accountability and responsibility for appropriate business conduct rests with top management.

Yes

A compliance program should be deemed effective if it addresses the seven minimum requirements for ethical compliance programs.

Yes

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Flashcards

During the 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

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

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

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

It is an "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.

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

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.

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 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.

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Business Ethics

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