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1. Personal Ethics: refers to the ethics a person identifies with, which guides how th
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ey interact with others daily.
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2. Organizational ethics: focuses on rules, principles and standards in respect to t
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he business' activities
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3. Identify how ethics impact outcomes in organizations: · Organizations tainted by
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questionable ethics suffer by a decline in their consumer base, increase employee turn
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over, and mistrust from their investor's.
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· Setting an unrealistic goal can lead to the compromise of ethics and standards.
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4. Example of personal ethics: Speaking the truth, respecting elders, and never pu
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rposely hurt others.
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5. Example of professional ethics.: Being punctual, refraining from gossip, and h
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aving good time management
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6. Provide an example of when personal and professional ethics may conflict-
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: Under the 'Code of Conduct,' police officers are obligated to enforce and uphold t
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,he law even if they don't agree with it.
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7. What are the 4 main ethical issues and their roles within organizations: So-
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cietal, Stakeholder Issues, Internal Issues, Personal Issues
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8. Societal Issues: Relates to society and getting involve in societal issues out of c
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are and concern.
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9. Stakeholder Issues: Anyone affected by the company's actions (consumers, e
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mployees, suppliers, and people within the community).
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10. Internal issues: Relates to relationship between organization and its employees (f
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airness in management, pay, and employee participation).
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11. Personal Issues: Deals with how employees treat each other (gossiping, taking cr
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edit for someone else's work).
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12. What are some benefits to an organization that practices high ethics?: -
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w benefit from the trust of their stakeholders and has a competitive advantage in the
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marketplace.
13. Define Corporate Social Responsibility (CSR).: when an organization volun-
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tarily engages in issues that are affecting the environment, community or society at l
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arge.
14. What is the importance of CSR in the organization and in the community?: · It's
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, beneficial to both the organization and its stakeholders. It creates long-
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term profits and shareholder's trust for the organization.
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· Attract consumers who share the same values.
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· Increases organization's brand image (awareness) /creates a better image
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· Creates an advantage over competitors.
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15. CSR is important in the community because: · Organization is gives back to the
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w community (food bank/ school supplies giveaways, charities/donations, scholar-
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