Test Bank for business ethics: ethical decision making and cases//Questions with 100% verified answers (Guaranteed pass)
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Course
Business ethics
Institution
Business Ethics
Test Bank for business ethics: ethical
decision making and
cases//Questions with 100% verified
answers (Guaranteed pass)
Business Ethics - answer-comprises the principles, values, and standards
that guide behavior in the business world
Principles - answer-are specific and pervasive boun...
Test Bank for business ethics: ethical
decision making and
cases//Questions with 100% verified
answers (Guaranteed pass)
Business Ethics - answer-comprises the principles, values, and standards
that guide behavior in the business world
Principles - answer-are specific and pervasive boundaries for behaviors
that are universal and absolute
Values - answer-used to develop norms that are socially enforced.
Consumer Bill of Rights - answer-1962 JFK said four basic rights: safety,
informed, choose, be heard
Social Responsibility - answer-an organization's obligation to maximize its
positive impact on stakeholders and minimize its negative impact economic
legal ethical and philanthropic
Federal Sentencing guidelines for Organizations - answer-approved by
congress in November 1991 follow standards and you won't be held
responsible if wrongdoing is found
, Defense Industry Initiatives - answer-1986 guide corporate support for
ethical conduct
Sarbanes Oxley - answer-ethics reform in 2002, increased accounting
regulations, CEO and chief financial officer held personally responsible in
ethical wrongdoing
didd-frank wall street reform and consumer protection act 14 - answer-
addressed some of the issues related to the financial crisis and recession,
designed to make the financial services industry more ethical and
responsible. Required regulators to create hundreds of rules to promote
financial stability, improve accountability and transparency, and protect
consumers from abusive financial practices
Ethical Culture - answer-the character of the decision making process that
employees use to determine whether their responses to ethical issues are
right or wrong
Stakeholders - answer-have a stake in the company and its outcomes
Stakeholder Orientation - answer-the degree to which a firm understands
and addresses stakeholder demands. generate data. Distribution of
information. Organizations responsiveness
primary stakeholder - answer-those whose continued association is
absolutely necessary for a firm's survival including employees, customers,
investors, and shareholders
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