Business Ethics & CSR

What is the definition of Business Ethics?

• Acting only based on personal beliefs

• Acting with an awareness of the need for complying with rules

• Acting based on the laws of the land

• Acting without any awareness of rules

What are the two broad areas of business ethics mentioned in the text?

• Managerial innovation and Corporate profits

• Managerial mischief and Moral mazes

• Managerial leadership and Employee satisfaction

• Managerial excellence and Moral values

What does the Sarbanes-Oxley Act of 2002 affect?

• International trade agreements

• Reporting and governance of public companies

• Employee benefits

• Tax regulations

What is one of the worst ethical lapses an employee can commit according to the text?

• Taking a sick day

• Falsifying records

• Being late to work

• Not participating in team activities

What is the main purpose of ethics tools mentioned in the text?

• To create conflicts in the workplace

• To avoid following rules

• To assist individuals and groups in making right decisions

• To increase profits

What are the characteristics of ethical leaders according to the text?

• Ignore the values and principles of the organization

• Frame actions in ethical terms

• Avoid tough decisions

• Focus on personal ego and success

What type of ethics codes emphasize preventing unlawful behavior?

• Performance-Based Ethics Codes

• Quality-Based Ethics Codes

• Integrity-Based Ethics Codes

• Compliance-Based Ethics Codes

What is the main focus of ethical leadership?

• Personal gain

• Ignoring stakeholders

• Avoiding tough decisions

• Organizational success and shared accountability

What is the purpose of an ethics management committee?

• To establish organizational values

• To ignore ethical considerations

• To create conflicts in the workplace

• To penalize wrongdoers

What is the best way to handle ethical dilemmas according to the text?

• Make decisions in secret

• Ignore them and focus on personal goals

• Blame others for the dilemmas

• Avoid their occurrence in the first place