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WGU D072 Fundamentals for Success in Business Study Guide and Assessment Exam with 150+ Questions and Verified Rationalized Answers Guaranteed A+ Pass 2025/2026$16.49
WGU D072 Fundamentals for Success in Business Study Guide and Assessment Exam with 150+ Questions and Verified Rationalized Answers Guaranteed A+ Pass 2025/2026
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WGU D072 Fundamentals for Success in Business Study Guide and Assessment
Exam with 150+ Questions and Verified Rationalized Answers
Guaranteed A+ Pass
1. Define ethics.: Principles that serve as a compass about how to behave
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2. Provide an example for each of the following:
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legal-
ethical legal- v
unethical
illegal-ethical conflicts: legal- v v
ethical: by law in most states it is illegal to take partin recreational marijuana use; and a judge
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that is trying a case about marijuana possession agrees with the law and does not think its ok
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ay to consume marijuanafor recreational use.
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legal-unethical: cheating on your boyfriend/girlfriend is legal but most people find itunethical
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illegal-
ethical: speeding is illegal but in some cases of an emergency some peoplemight find it ethi
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cal.
3. Define legal.: An act that is allowed or is in conformity with the law of the land
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,4. Define values.: Stable life goals that people have that reflect what is mostimporta
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nt to them
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5. Define morals.: Rules people develop as a result of cultural norms and values and are, tr
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aditionally passed down through generations and characterize a culturalgroup
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6. Define organizational ethics.: Rules, principles, and standards for decidingwhat is
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morally right or wrong when doing business
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7. List the four main levels of ethical issues and provide an example of each.-
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: Societal Issues: an organization holds a fundraiser to help feed the homeless. Stakeholder I
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sues: A company insists on treating suppliers with respect and refusesto push them to the lowe
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st pricing possible.
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Internal Policy Issues: Fairness in management, pay, and employee participation.Personal
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Policy Issues: Gossiping at work or taking credit for another's work.
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8. How does a company's ethical behavior impact organizational outcomes?-
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: Trustworthy companies are better at attracting and keeping customers, keepingtalented
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employees, and capitol. v v
9. How does a company's unethical behavior impact organizational out-
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v comes?: They suffer from dwindling customer bases, employee turnover, and in-
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vestor mistrust.
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2v/v14
,10. Define corporate social responsibility (CSR).: Philosophy in which a compa-
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ny voluntarily engages in actions that benefit society, be it economically, socially, politically,
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v or environmentally
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11. How is a company's CSR approach shaped?: By seeing that their communityis lacking s
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omething that they can provide, earning more profit and reputation
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12. Who is considered a company stakeholder?: Unionsemploy
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ees
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, consumer v
investors s v
uppliers
local and national governmentsco
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mmunities.
13. What is the aim of CSR?: To increase profits and trust in the long-
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term whilepromoting positive community relations
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14. What is the purpose of the World Trade Organization (WTO)?: improve thestability a
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nd predictability of global trade.
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15. What is a code of ethics?: Guide that publicly sets out an organization's keyvalues an
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d ethical obligations
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16. What is included in a company's code of ethics?: details of how the companyplans to im
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plement its values and vision, as well as guidance for the staff on ethicalstandards and ways t
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o achieve them. Having such a policy hopefully leads to greaterethical awareness, consistenc
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y in application, and avoidance of ethical disasters.
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17. Define the term greenwashing.: When organizations carry about CSR mis-
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v sions in an inauthentic way, using them to increase publicity rather than to spur realchange
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18. Define the term internal transparency: Degree to which an organization op-
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4v/v14
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