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Exam (elaborations)

BMGT 481W Exam 2 Questions and Answers

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  • Course
  • BMGT
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  • BMGT

What does business ethics concern? - Answer-The application of general ethical principles to the actions and decisions of companies and the conduct of their personnel. Ethical principles as they apply to the conduct of personnel and business decisions: - Answer-Deal primarily with the company's...

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  • October 25, 2024
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  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
  • BMGT
  • BMGT
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BMGT 481W Exam 2 Questions and
Answers
What does business ethics concern? - Answer-The application of general ethical
principles to the actions and decisions of companies and the conduct of their personnel.

Ethical principles as they apply to the conduct of personnel
and business decisions: - Answer-Deal primarily with the company's duty to comply with
legal requirements and conform to the ethical norms of society in general.

The school of ethical universalism maintains that: - Answer-The most fundamental
conceptions of right and wrong are universal and apply to members of all societies, all
companies, and all businesspeople.

The strength of the belief underlying ethical universalism is
that: - Answer-It draws upon the collective views of multiple societies and
cultures to put some clear boundaries on what constitutes ethical business behavior and
what constitutes.

A company's culture is in part defined and identified by: - Answer-Its internal work
climate and personality - as shaped by its shared values, work practices, traditions, and
ingrained attitudes and behaviors that define "how we do things around here."

The approach to identifying the items needed to be placed on
management's action agenda of the strategic action plan always
involve: - Answer-Senior management's judgment about how to proceed in
the light of prevailing circumstances.

The important leadership trait in the strategy execution
process is: - Answer-A strong, confident sense of what to do and how to do it.

The following is something to look for in identifying a
company's culture: - Answer-The atmosphere, spirit and character that pervades the
work climate and values, principles, and ethical standards that management preaches
and practices.

A company's culture is typically grounded in and shaped by: - Answer-Its core values
and the bar it sets for ethical standards.

A company's value statement and code of ethics: - Answer-Help to mold the culture and
communicate what kinds of actions and behaviors are expected of all company
personnel.

Behaviors do not need to be illegal to be unethical. - Answer-True

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