Business Finance - What do you remember?

1.        __________________ adopted by organizations to assist members in understanding the difference between “right” and “wrong” and in applying that understanding to their decisions.

• Values

• Morals

• Code of ethics

• Ethical

2.       CSR stands for:

• Corporate socialite responsibility

• Corporate social responsible

• Co-operative social responsibility

• Corporate social responsibility

3.       This corporate social responsibility means ensuring a business engages in fair business practices across the board.

• Economic Responsibility

• Philanthropic Responsibility

• Ethical Responsibility

• Environmental Responsibility

4. What are the steps in an ethical dilemma?

•      Ask questions, make a decision, analyze the actions

•      Analyze the actions, Analyze the consequences, and make a decision

•     Analyze the consequences, ask questions, make a decision

•     Make a decision, call the manager, analyze the actions

  Occurs when employees spend company time doing things unrelated to their jobs or are frequently late.

• misuse of time

• theft

• unethical

• moral principles

A construction manager allows untrained workers to operate the forklift.

• fraud

• disregard of health, safety, or the environment

• sharing private information

•  theft of company property

   Promoting high-calorie/low-nutrient foods with inadequate information about the risks is a(n) _____ practice.

•    legal but unethical

•     illegal and unethical

•     legal and ethical

•    illegal but ethical

It refers to a business’s aim to actively make the world and society a better place.

•    Ethical Responsibility

•      Economic Responsibility

•   Philanthropic Responsibility

•     Environmental Responsibility