Summary
Summary - WGU D072 Fundamentals For Success In Business|D072 Fundamentals for Success in Business Review Unit 2
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- Western Governors University
D072 Fundamentals for Success in Business Review Unit 2
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Stakeholders
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, - Those who have a stake in the performance and output of an organization, such
as employees, unions, investors, suppliers, consumers, local and national
governments, and communities
Values
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- Stable life goals that people have, reflecting what is most important to them
A company has embraced the philosophy of CSR.
Which practice reflects this commitment?
Providing the workers with free coffee and tea during their shifts
Ensuring that local, state, and federal taxes are paid on time
Abiding by state environmental laws
Holding a food drive to support local residents in need
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CSR refers to voluntary actions taken by a company that benefit the community at
large. A food drive is both voluntary and works to benefit the local community.
legal-ethical
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, - When the law and personal or organizational ethics are in accordance with each
other
Charlie is looking to hire employees with______ that will maintain the corporate vision. _______are
the personal values and principles that define what is right and wrong in a context. ________ are
essential in appropriate interactions with the organization's stakeholders throughout the
continent.
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Ethics
whistleblowers
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- Those who tell the public or the authorities about alleged misconduct occurring
in a government department, private company, or organization
A chief executive officer (CEO) of a company that engages in corporate social responsibility
is trying to cut costs. As a result, the CEO decides to move the operations overseas to a
country with low wages and plans on paying a bit more than the prevailing wage in that
location. Which description accurately describes this company's action?
Illegal and socially irresponsible
Illegal but socially responsible
, Legal but socially irresponsible
Legal and socially responsible
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Legal and socially responsible
Organizational culture
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- The shared values, beliefs, and norms of an organization that affect the strategies
and operating procedures of the business
A corporation is opening a new factory in a small rural community and would like to
demonstrate an ethical commitment to environmental responsibility in the new location.
Which action demonstrates this commitment?
Pledge to only recruit and hire from the local community
Create a citizen hotline for anonymous reporting of company problems
Provide funding for laboratories at the local medical college
Invite local citizens to a tree-planting event along the town's main street
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Invite local citizens to a tree-planting event along the town's main street
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