In order for a firm to become highly ethical, it mainly needs corporate credos and codes of...
Question:
In order for a firm to become highly ethical, it mainly needs corporate credos and codes of conduct.
a. True
b. False
Ethical Efficiency
Ethical efficiency is a term used to describe those moral beliefs and values that organizations follow to increase their effectiveness and goodwill.
Answer and Explanation:
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View this answerThe given statement is true.
Corporate credos and proper codes of conduct help firms to function ethically. The reason is given below:
The corporate...
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Managing Ethical Behavior in the Workplace
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Chapter 1 / Lesson 8
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Ethical behavior is important in the workplace. Discover how to manage ethical behavior in the workplace, starting with understanding what makes for ethical behavior and establishing a code of behavior with an Ethical Code of Conduct.
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- If a firm follows a strict code of conduct, then ethical abuses will never occur. True or false
- To establish and maintain the highest level of ethical standards, the company's owner should hand down the company's ethical standards and require managers to enforce them. a. True b. False
- A firm's competitive position can improve when the firm has a code of ethics. A. True B. False
- Corporate social responsibility is generally considered to be the ethics of a business. A) true B) false
- A code of ethics is a written statement of the standards of behavior and ethical principles a company expects from its employees. Indicate whether the statement is true or false.
- Managers get more confident when the firm has a code of ethics. A. True B. False
- If a company has a written code of ethics and provides clear instructions to employees, two-way communication is unimportant in maintaining ethical standards. a. True b. False
- A code of ethics establishes the rules that organization lives by and becomes part of the organization's corporate culture. Indicate whether this statement is true or false.
- According to a study by the Institute of Business Ethics, companies that do not display ethical conduct consistently outperform companies that show a clear commitment to ethical conduct. Indicate whether the statement is true or false
- Indicate whether the statement is true or false. A well-written code of ethics ensures ethical business behaviour.
- "The single most important thing the founders of an entrepreneurial venture can do to avoid ethical misconduct is to establish a strong ethical culture for their firms." Indicate whether the statement is true or false.
- Although companies set standards for ethical behavior, the ultimate decision on whether to abide by ethical principles rests with the individual. a. True b. False
- When firms do not deal swiftly and fairly with the unethical behavior of employees, ethical employees feel penalized. Indicate whether this statement is true or false.
- An ethical environment, or culture, would be one in which employees are expected to act by the rules in spite of unethical conditions. a. True b. False
- True or false? Most businesses follow their industry's code of ethics.
- One reason that it is difficult for companies to teach or encourage ethical behaviour is that the character traits that constitute ethical virtues have little value in the world of business. A. True B. False
- CEOs and business owners should delegate the responsibility for ensuring that high ethical principles are espoused and practiced in an organization. Indicate whether the statement is true or false.
- A corporate credo is another name for a code of ethics. A. True B. False
- Reliance on the personal integrity of employees is mostly sufficient to ensure ethical conduct, and employees should be allowed to operate in an ethics vacuum. Indicate whether the statement is true or false
- It is important that any ethical code is enforced fairly and consistently. a. True b. False
- Society pressures a firm's HRM by expecting corporate social responsibility and ethical decision-making. Indicate whether this statement is true or false.
- Business ethics consist of the fundamental moral values and behavioral standards that form the foundation for the people of an organization as they make decisions and interact with stakeholders. Indicate whether the statement is true or false.
- Ethics, corporate social responsibility, and corporate sustainability are everyone's business, including HR professionals. Indicate whether this statement is true or false.
- In a well-run company, ethics should be considered a "program" rather than a way of doing business. Indicate whether the statement is true or false.
- Managers can do a lot to influence employee ethics by carefully cultivating the right norms, leadership, reward systems, and culture. Indicate whether this statement is true or false.
- Integrity can be defined as "a firm adherence to a code of especially moral values". a. True b. False
- "Quietly ethical" executives within the confines of the top management team are likely to be perceived as ethical leaders because they have the support of the top management. a. True b. False
- Making it difficult for staff to have continuous access to the code of ethics is a poor practice in order to make codes of conduct more effective. a. True b. False
- Compliance with the law sets the minimum standard for ethical behavior in business. Indicate whether this statement is true or false.
- An ethical dilemma facing many employee s is whether or not to engage in behavior that is unethical, yet helps the company. Indicate whether the statement is true or false.
- True or false? Ethical principles in business are arrived at by picking and choosing among the consensus ethical standards of society to come up with a set of ethical standards that apply directly to operating a business.
- According to research studies, unethical companies financially outperform ethical companies, although ethical companies are more successful in recruiting. Indicate whether this statement is true or false.
- Offering rewards for ethical behavior is a foolproof way to ensure ethical behavior from employees. Indicate whether this statement is true or false.
- A company ethical code usually specifies how far employees can go before an unethical act is classified as being illegal. Indicate whether the statement is true or false.
- True or false? A manager is likely to lose the trust of employees if he/she does not abide by the ethical principles of the company.
- A firm must first determine its mission before impacting the culture through a code of conduct. a. True b. False
- Enron's code of ethics was 10 pages long. A. True B. False
- True or false? When people violate ethical norms, companies should respond privately and not publicly to retain employee trust.
- Indicate whether this statement is true or false. Most of the 500 largest corporations in the U.S. now have a code of ethics.
- True or false? Business ethics is used by ethical people to correct what unethical people do.
- The Corporate and Auditing Accountability, Responsibility and Transparency Act requires SEC reporting banks and bank holding companies to have a code of ethics. Indicate whether this statement is true or false.
- Indicate whether this statement is true or false. According to the FSGO, firms must provide ethical training to employees.
- Good ethics is not a prerequisite for good strategic management. Indicate whether the statement is true or false.
- Answer true or false: Most private business prefer to self regulate and create their own codes of fair and ethical behavior because the business owners are much more aware of the needs of the business and their clients.
- Enforcing codes of ethical conduct for suppliers can increase costs. Indicate whether the statement is true or false
- True or false? Business ethics is based on the premise that every employee is unethical at some point in their career.
- True or false? A company's strategy needs to be ethical because a strategy that is unethical not only damages the company's reputation, but it also can have costly consequences.
- Since ethical standards are constant from one culture to another, ethical decisions pose no special problems for companies engaged in international business. a. True b. False
- Very few large companies provide ethics training to create a more ethical climate. a. True b. False
- Indicate whether the following statement is true or false: A company's code of ethics is a cure for all of its ethical dilemmas.
- What managers and owners say is more important in determining employee ethical behavior than what they do. a. True b. False
- True or false? HR management must focus on clearly illegal behaviors within the firm and leave ethics up to the conscience of each individual manager.
- Some codes of conduct require managers to either comply with the standards or explain why they have not complied. Indicate whether the statement is true or false
- True or false? The purpose of a code of ethics is to keep top management out of jail.
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- A psychological contract is a legal document outlining the ethical values of a company. Indicate whether this statement is true or false.
- The difference between ethical and discretionary responsibilities is that few people expect an organization to fulfill ethical responsibilities. Indicate whether the statement is true or false
- While corporate culture influences employees' ethical decisions, managers have little impact on those decisions. a. True b. False
- Ethical dilemmas often result from pressure from bosses and superiors. a. True. b. False.
- Companies do not have an ethical obligation to inform consumers regarding their products. Indicate whether the statement is true or false.
- True or false? Most codes of ethics prohibit bribes unless it is the accepted way of doing business in a foreign country.
- Indicate whether the statement is true or false. Many people consider it unethical for a firm to be socially irresponsible.
- JC Penney was one of the first retailers to have a corporate code of ethics. a. True \\b. False
- Explain whether the following statement is true or false. Cultural norms and values seldom guide ethical behavior in business.
- The legal component of corporate social responsibility argues that the law represents society's codification of right and wrong and must, therefore, be followed. Indicate whether this statement is true or false.
- Employee guidelines is another name for a code of ethics. A. True B. False
- In 2005, the number one reason why managers tried to make sure their firms operated in an ethical manner was because it was the right thing to do. a. True b. False
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- There is often a fine line between ethics and laws, and just because something is technically legal does not necessarily mean that it is ethical. A. True. B. False.
- If a small business owner obeys the law, he/she can be certain that his/her actions are ethical. a. True b. False
- Small business owners seldom feel the pressure to violate ethical standards or to take shortcuts in their careers. a. True b. False
- Communication is a value stated in Enron's code of ethics True or false
- The purpose of a company ethics hotline is usually to give employee suggestions about how far they can go to deceiving customers. Indicate whether the statement is true or false.
- Ethical decisions never involve morality. a. True b. False
- The Organization for Economic Co-Operation and Development developed a global code of ethics. Indicate whether the statement is true or false.
- True or false? A code of ethics provides a published statement of moral expectations.
- True or false? Most codes of ethics offer guidance on how to treat stakeholders.
- True or false? A code of ethics is almost always an informal understanding between people who work for a particular organization.
- An important contribution of an ethics training program is to start a useful dialogue about right and wrong that employees could recall when faced with an ethical temptation. Indicate whether the statement is true or false.
- Business ethics is the same thing as laws. Indicate whether the statement is true or false.
- True or false? Business ethics can be defined as the application of ethical principles and standards to the actions and decisions of business organizations and the conduct of their personnel.
- Whistle-blowing is the process in which an employee informs another responsible employee in the company about potentially unethical behavior. A. True B. False
- A firm's code of ethics outlines its mission, vision, appraisal system, and hiring policies. Indicate whether this statement is true or false.
- "The most important thing that any entrepreneur, or team of entrepreneurs, can do to build a strong ethical culture in their organization is to hire an aggressive attorney." Indicate whether the statement is true or false.
- Employees who raise ethical concerns or issues to others inside or outside the organization are called social activists. Indicate whether the statement is true or false.
- True or false? Engaged employees are less likely to report ethical misconduct because they have a strong sense of loyalty to their coworkers.
- In terms of ethical behavior, the law merely establishes the minimum standard of behavior. a. True b. False
- Ethical auditing is the regular comprehensive evaluation of the compliance of the firm's ethical policies and procedures. A. True B. False
- Developing relationships with coworkers has little effect on ethical behavior in the workplace. Indicate whether the statement is true or false.
- Employees may be discharged for refusing to violate a professional code of ethics. Indicate whether this statement is true or false.
- Ethical behavior is concerned with doing things right. Indicate whether the statement is true or false.
- Making sure senior staff set the correct example by "walking the talk" is a good practice in order to make codes of conduct more effective. A. True B. False
- The best insurance against ethical violations is the hiring of people with strong moral principles. a. True b. False
- Offering rewards for ethical behavior is a foolproof way to ensure ethicality. Indicate whether this statement is true or false.
- A firm's ethics code outlines its mission, vision, appraisal system, and hiring policies. Indicate whether this statement is true or false.
- Intelligence gathering is an unethical business practice. Indicate whether the statement is true or false.
- True or false? A written code of ethics is worthless if it does not reflect living principles.
- Answer true or false: Most codes of ethics are specific enough to handle a myriad of diverse issues that can arise in a complex business structure.
- Corporate social responsibility is limited to pursuing profit through legal means. Indicate whether the statement is true or false.
- Good corporate governance can reduce the risk of unethical and illegal activities. Indicate whether the statement is true or false
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