What is the most basic reason why a business should be managed ethically quizlet?
A business should be managed ethically for many reasons: to maintain a good reputation; to keep existing customers and attract new ones; to avoid lawsuits; to reduce employee turnover; to avoid government intervention; and to please customers, employees, and society.
Which of the following terms describes someone who reports illegal or unethical behavior?
Whistleblower describes someone who reports illegal or unethical behavior.
What is a reason why a business should be managed ethically?
Business ethics enhances the law by outlining acceptable behaviors beyond government control. Corporations establish business ethics to promote integrity among their employees and gain trust from key stakeholders, such as investors and consumers.
Does ethical behavior focuses on treating others fairly?
Ethical behavior focuses on treating others fairly. proper relations with other people. An ethical person will treat others with honesty and sincerity. Many Americans define ethical behavior according to the situation in which they find themselves.
What is the most important factor to the success of enforcing an ethics code what makes that person effective?
An important factor to the success of enforcing an ethics code is to select an ethics officer. The effective ethics officer will set a positive tone, communicate effectively, and relate well with employees at every level.
What do strong managers help instill into the corporation when setting examples of ethical Behaviour?
not just ethical, it is based on a commitment to integrity, fairness, and respect. setting a good example, organizational ethics begins at the top, and the leadership and example of strong managers can help instill corporate values in their employees.
What are some ethical dilemmas in business?
- Compromising On Product Quality. …
- Offshoring Your Manufacturing. …
- Letting Clients Go. …
- Responding To Employee Social Media Behavior. …
- Keeping Employees Because Of Seniority. …
- Accepting Job Applicants From Competitors. …
- Creating Honest Marketing.
Apr 30, 2021
What are compliance-based ethics?
Compliance-based ethics are a set of specific rules meant to protect businesses and employees from legal repercussions due to violating laws. Integrity-based ethics are meant to establish business values and moral principles that employees should adhere to during daily business affairs.
What are some results of unethical business practices?
You can lose your job and reputation, organizations can lose their credibility, general morale and productivity can decline, or the behaviour can result in significant fines and/or financial loss.
Which of the following is a reason for business not behaving ethically?
To not protect their employees and their reputation.
How does a company’s ethical behavior impact organizational outcomes?
An organization that is perceived to act ethically by employees can realize positive benefits and improved business outcomes. The perception of ethical behavior can increase employee performance, job satisfaction, organizational commitment, trust and organizational citizenship behaviors.
What 3 factors influence the ethical decision-making process?
There are three important factors that can influence ethical decision making, which are individual, organizational, and opportunity factors. All three of these factors can weigh heavily on a person during the decision making process, especially in the work place.
How do you handle ethical issues in the workplace?
Here are some steps you can take to highlight your concerns without risking your job or your own ethics:
- Repeat Back and Clarify. …
- Ask Ethical Questions. …
- Focus on your Manager's Best Interests. …
- Suggest an Alternative Solution. …
- Escalate Situations. …
- Blow the whistle. …
- Leave Unethical Environments, If Necessary.
Jan 13, 2022
How does a company’s unethical behavior impact organizational outcomes?
Unethical behaviour has serious consequences for both individuals and organizations. You can lose your job and reputation, organizations can lose their credibility, general morale and productivity can decline, or the behaviour can result in significant fines and/or financial loss.
What are the ethical responsibilities of a manager?
As a manager, it is considered one of your primary responsibilities to both understand and practice ethical behavior in order to: meet the company's expectations for conduct, set an example of appropriate behavior for subordinates, and to minimize the ambiguity that often comes along with the practice of ethics.
What is one impact that a company might experience as a result of an ethical violation?
Ethical violations can result in a worsening reputation that loses a business both customers and employees. Moreover, considering the speed of information dissemination, an ethical misstep is difficult to contain, and a single small act in a faraway location can have a devastating effect on local reputations as well.
What are the consequences of not applying ethics in business?
You can lose your job and reputation, organizations can lose their credibility, general morale and productivity can decline, or the behaviour can result in significant fines and/or financial loss.
Why are ethics and compliance important?
A compliance and ethics program can help ensure that an organization operates within the law and stays true to its own ethical principles that are important to the company's business and identity.
What is the importance of ethics?
Ethics is what guides us to tell the truth, keep our promises, or help someone in need. There is a framework of ethics underlying our lives on a daily basis, helping us make decisions that create positive impacts and steering us away from unjust outcomes.
What happens when ethics fails at an organization?
A lack of ethics has a negative effect on employee performance. In some cases, employees are so concerned with getting ahead and making money that they ignore procedures and protocol. This can lead to additional paperwork and careless errors that result in the task having to be completed again.
What happens when ethics are violated?
The range of penalties includes censure, removal from office, permanent disqualification from holding any state position, restitution, decades in prison, and fines up into the hundreds of thousands of dollars. Not all ethics violations are treated equally.
What are some of the most significant causes for ethical failure in business?
Ethical behavior is acting in ways that are consistent with how the business world views moral principles and values. The four major factors that can cause ethical problems in the workplace are lack of integrity, organizational relationship problems, conflicts of interest, and misleading advertising.
How does ethics impact business relationships within an organization?
Ethical employee relationships are essential to the smooth operation of a business. This means keeping unhealthy levels of competition and personal relationships between employees out of the work place, while providing an environment where employees feel they are treated equally and fairly.
How does ethics impact decision-making?
Ethical decisions generate and sustain trust; demonstrate respect, responsibility, fairness and caring; and are consistent with good citizenship. These behaviors provide a foundation for making better decisions by setting the ground rules for our behavior.
What are the factors affecting managerial ethics?
Factors influencing Business Ethics
- Personal Code of Ethics. A man's personal code of ethics that is what one considers moral is the foremost responsible factor influencing his behavior.
- Legislation. …
- Government Rules and Regulations. …
- Ethical Code of the Company. …
- Social Pressures. …
- Ethical Climate of the Industry.
When a leader commits an ethical infraction How should the management handle the case?
To alleviate this issue, managers should set up a confidential system for reporting ethical violations. Similarly, managers should handle discipline confidentially to protect the privacy of those they need to confront.
What should you do if you observe unethical behavior in the workplace?
How to Report Unethical Behavior in the Workplace
- Review the Company Handbook. Consult your organization's rules and policies to determine if the sketchy behavior you observed is prohibited. …
- Submit an Anonymous Report. …
- Submit a Signed Written Report. …
- Request a Private Meeting.
What are the results of unethical practices?
Unethical behaviour has serious consequences for both individuals and organizations. You can lose your job and reputation, organizations can lose their credibility, general morale and productivity can decline, or the behaviour can result in significant fines and/or financial loss.
What is ethical problem in management?
What are ethical issues in business? Ethical issues in business occur when a decision, activity or scenario conflicts with the organisation's or society's ethical standards. Both organisations and individuals can become involved in ethical issues since others may question their actions from a moral viewpoint.
What ethical responsibilities do managers have quizlet?
Ethical managers display honesty and integrity, act in a way that communicates and enforces ethical standards, are fair in their decisions and the distribution of rewards and show kindness and concern for others. Unethical managers seek to serve their own needs and interests at the expense of stakeholders.