Chapter 3-MGMT 2020

What are the benefits of a company being known as ethical?

• Impact on competitiveness
• Enhances reputation
• Value added
• All of these

What does value added mean?

• A cheaper price for a good product
• Adding value to the business
• Adding up total sales

What is a shareholder?

• A space sharer
• A holder sharer
• Someone who shares things
• Someone who has bought shares in the company and therefore owns some of it

What is a stakeholder?

• Someone who has an interest in the company
• Someone who eats lots of meat
• Someone who stabs people with sticks
• A vampire slayer

What question (s) should you ask yourself whenever you are faced with an ethical dilemma?

• Is it legal
• Is it balanced/fair
• Is it right
• All of these

What could result when a company has a good code of ethics?

• Employees continue to work at the company
• Customers decide to do business elsewhere
• Employees leave to find other employment. 
• Managers discipline employees more often.

Which is an example of ethics abuse concerning copyright?

• Using graphics from the Microsoft website on the company website 
•  Applying for a copyright for the newly created company website 
•  Creating a graphic and neglecting to apply for a copyright
• Using the "C" symbol to indicate a copyrighted graphic in a report

Which is an example of ethics abuse regarding the company's Computer Use Policy?

• Using the company computer to play Solitaire at work 
• Using the company computer to update employee payroll records 
•  Using the company computer to schedule job assignments
• Using the company computer to update employees' addresses 

True or False: Business Ethics are the ethical principles used in making business decisions

• True
• False

A CEO of a large company is having some difficulties in dealing with his subordinates. They have complained to him that he is not specific enough about the tasks he requires them to complete. Which kind of relations does the previous scenario describe?

• Subordinate relations
• Managerial relations
• Employee relations
• company relations