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BMAL 590 BUSINESS ETHICS_MASTER EXAM QUESTIONS AND ANSWERS WITH COMPLETE SOLUTIONS GRADED A++
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BMAL 590 BUSINESS ETHICS_MASTER EXAM QUESTIONS AND ANSWERS WITH COMPLETE SOLUTIONS GRADED A++ Which of the following statements is false regarding strong ethical leaders? Strong ethical leaders are reactive Business Ethics comprises principles and standards that guide behavior in the world of...

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  • October 7, 2024
  • 17
  • 2024/2025
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  • bmal 590 business ethicsmaster exam questions and

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BMAL 590 BUSINESS ETHICS_MASTER EXAM QUESTIONS

AND ANSWERS WITH COMPLETE SOLUTIONS GRADED

A++


Which of the following statements is false regarding strong ethical leaders?


Strong ethical leaders are reactive


Business Ethics


comprises principles and standards that guide behavior in the world of business. Investors, employees,

customers, interest groups, the legal system, and the community often determine whether a specific

action is right or wrong -- ethical or unethical


Ethical Issue Intensity


can be defined as the relevance or importance of an ethical issue in the eyes of the individual, work

group, and/or organization. Research suggests that individuals are subject to six "spheres of influence"

when confronted with ethical choices: the workplace, family, religion, legal system, community, and

profession.


Ethical Decision Making - Individual Factors


Gender

Education

,Nationality

Age


Locus of Control


This factor relates to individual differences in relation to a generalized belief about how one is affected

by internal versus external events or reinforcements. Those who believe in external control (that is,

externals) see themselves as going with the flow because that is all they can do. Conversely, those who

believe in internal control (that is, internals) believe that they control the events in their lives by their

own effort and skill. These individuals view themselves as masters of their destinies and trust in their

capacity to influence their environment.


Corporate Culture


can be defined as a set of values, beliefs, goals, norms, and ways of solving problems that members

(employees) of an organization share


Opportunity Factors


Opportunity describes the conditions in an organization that limit or permit ethical or unethical behavior.

Opportunity results from conditions that either provide rewards, whether internal or external, or fail to

erect barriers against unethical behavior. Opportunity relates to individuals' immediate job context:

where they work, with whom they work, and the nature of the work


The Role of Leadership In Developing An Ethics Program


1. Conduct a rigorous self-assessment of the firm's values and its existing ethics and compliance

program.

2. Maintain commitment from top managers.

3. Publish, post, and make codes of ethics available and understandable.

, 4. Communicate ethical standards through multiple channels (for example, paper documents and web

pages).

5. Provide timely training to reinforce knowledge.

6. Provide confidential resources to whom employees can go for advice or to report their concerns.

7. Ensure consistent implementation.

8. Respond and enforce consistently, promptly and fairly.

9. Monitor and assess using appropriate methods.

10. Revise and reform to ensure continuous improvement.


Coercive Leadership Style


the coercive leader demands instantaneous obedience and focuses on achievement, initiative, and self

control.


Authoritative Leadership Style


the authoritative leader, considered to be one of the most effective styles, inspires employees to follow a

vision, facilitates change, and creates a strong positive performance climate


Affiliative Leadership Style


the affiliative leader values people, their emotions and their needs, and relies on friendship and trust to

promote flexibility, innovation, and risk taking


Democratic Leadership Style


the democratic leader relies on participation and teamwork to reach collaborative decisions. This style

focuses on communication and creates a positive climate for achieving results.


Pacesetting Leadership Style

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