SM - Group 3

What is ethics ?

• A legal system that regulates human conduct.

• The moral principles reflect society’s beliefs about the actions of an individual or group that are right and wrong.

• An abstract concept without a precise definition, varying from individual to individual.

  
  

• A set of behavioral rules learned and transmitted through education

  
  

Why is the self-assessment of business ethics important for companies?

• 1. It helps to increase profits by reducing operational costs through strategic reductions in employee benefits and optimizing resource allocation.

• 1. It ensures long-term sustainability and fosters trust with customers, partners, and stakeholders.

•  It allows companies to avoid paying taxes by identifying and utilizing legal loopholes and offshoring strategies that minimize financial liabilities.

• 1. It provides a way to create more flexible working hours for employees by implementing adjustable schedules and remote work options, leading to higher employee satisfaction.

How many steps to incorporate stakeholders?

• 3

• 4

• 5

• 6

 How many types of social responsibility?

• 7

• 5

• 4

• 6

 What is the relationship between CSR and profitability?

• • CSR always reduces profitability

• CSR and profitability are conflicting goals

• •  CSR can be part of a business decision-making process to maximize profitability

• • CSR is not related to profitability

The concept of "sustainable business" relates to which of the following?

• • Maximizing profits without regard for environmental impact

• • Minimizing negative impacts on ecosystems, society, and the economy

• • Growing the business by using unsustainable natural resources

• • Not related to the environment and society

Which of the following brands did not achieve its CSR goals?

• 1. Vinamilk

• 1. Hoa Sen Group

• Grab

• 1. Vedan

 What is the most important principle for companies to maximize the effectiveness of their Corporate Social Responsibility (CSR) initiatives?

•  Identify and commit to a long-term social challenge.

  
  

•  Contribute products or services related to the company's core strengths.

  
  

• Collaborate with government and other organizations for larger-scale impact.

  
  

• Donate as much as possible to well-known charities.

  
  

What was the primary purpose of the Sarbanes-Oxley Act (SOX) of 2002?

•  To reduce corporate taxes in the U.S.

  
  

• To increase the power of CEOs and CFOs.

  
  

• To enhance transparency and accountability in companies to protect investors.

  
  

•  To deregulate financial markets.

  
  

Which of the following is a key provision of the Sarbanes-Oxley Act (SOX)?

• Allowing companies to delay financial reporting.

  
  

• Requiring CEOs and CFOs to certify financial reports.

  
  

• Permitting auditors to work directly for the companies they audit.

  
  

• Reducing penalties for corporate fraud.