Question 1

To extend to all people the same respect and consideration that you expect from them is considered which of the following character traits?

Accepted Answer

Integrity involves adhering to a set of moral or ethical principles and consistently acting in accordance with them, which includes treating others with respect and consideration.

Question 2

One's personal beliefs about right and wrong are known as which of the following?

Accepted Answer

Personal beliefs about right and wrong are known as morals. Virtues refer to desirable qualities, vices refer to negative behaviors, and characteristics refer to traits or features of a person or thing.

Question 3

A code of ethics cannot gain company-wide acceptance unless it is fully endorsed by the organization's leadership and developed with which of the following?

Accepted Answer

Employee participation is essential in developing a code of ethics that is relevant and applicable to the organization's values and culture. In addition, the support and endorsement of the leadership are crucial as they set the tone for the organization's ethical standards and behavior. While the board of directors, business partners, and shareholders may provide input and feedback, employee participation and leadership endorsement are crucial for the company-wide acceptance of the code of ethics.

Question 4

A clear, concise statement of an issue that needs to be addressed is known as which of the following?

Accepted Answer

A problem statement clearly identifies the problem that needs to be addressed, whereas a mission statement outlines an organization's purpose and values, an acceptable use policy outlines acceptable behavior with technology, and a code of ethics outlines ethical principles for behavior.

Question 5

Briefly describe the difference between morals, ethics, and laws.

Accepted Answer

The answer of Briefly describe the difference between morals, ethics,...

Question 6

In the context of an ethical decision-making process, discuss the importance of communication in implementing a change.

Accepted Answer

The answer of In the context of an ethical decision-making...

Question 7

Discuss the role of the board of directors in creating an ethical organization.

Accepted Answer

The answer of Discuss the role of the board of...

Question 8

In a for-profit organization, the primary objective of which of the following is to oversee the organization's business activities and management for the benefit of shareholders, employees, customers, suppliers, and the community?

Accepted Answer

The board of directors is responsible for overseeing the organization's business activities and management for the benefit of various stakeholders, including shareholders, employees, customers, suppliers, and the community. They are ultimately accountable for the success or failure of the organization and make decisions on behalf of the corporation. The negotiator is responsible for resolving conflicts or making deals, the corporate ethics officer ensures the organization follows ethical standards, and the corporate compliance officer ensures the organization follows legal and regulatory requirements. While these roles are important, they do not have the same level of responsibility and decision-making authority as the board of directors.

Question 9

Which of the following activities describes when an organization reviews how well it is meeting its ethical and social responsibility goals, and communicates its new goals for the upcoming year?

Accepted Answer

The described activity is known as a social audit, which involves assessing an organization's performance in meeting ethical and social responsibility goals and communicating new goals for the upcoming year. Ethics review and morals assessment are not specific to organizational activities, while performance appraisal refers to evaluating employees' job performance.

Question 10

A discrepancy between employee's own values and an organization's actions:

Accepted Answer

When an employee's own values are in conflict with the organization's actions, it can lead to feelings of disillusionment and frustration, which can in turn negatively impact their performance. This discrepancy can erode employee morale and motivation, leading to poor performance over time.

Question 11

Someone who stands to gain or lose, depending on how a situation is resolved is known as which of the following?

Accepted Answer

A stakeholder is a person or group with an interest or concern in something, especially a business, project, or industry. They can either benefit or suffer from the outcome of a situation, making them an important party to consider in decision-making processes. The other options do not necessarily have a direct connection to being affected by a situation's outcome.

Question 12

Describe two trends that have increased the likelihood of unethical behavior.

Accepted Answer

The answer of Describe two trends that have increased the...

Question 13

In an environment where employees are encouraged to do "whatever it takes" to get the job done, employees may feel pressure to act in which of the following ways?

Accepted Answer

When employees are encouraged to do "whatever it takes" to get the job done, it can create a culture where the ends justify the means. This can lead to unethical behavior if employees feel pressure to cut corners or bend the rules to achieve their goals.

Question 14

A well-implemented ethics and compliance program and a strong ethical culture can lead to:

Accepted Answer

A well-implemented ethics and compliance program and a strong ethical culture can create a work environment where employees are less likely to feel pressure to engage in unethical behavior. Rather, they will feel incentivized to follow the rules and uphold the organization's values. This leads to a decrease in unethical behavior and the associated negative consequences. A strong ethics and compliance program can also provide avenues for employees to report misconduct without fear of retaliation, leading to increased trust and confidence in their employer.

Question 15

During which step of the decision-making process should one be extremely careful not to make assumptions about the situation?

Accepted Answer

It is important to take time in developing a problem statement to ensure that no assumptions are being made about the situation. By clearly defining the problem, one can gather accurate information and data necessary for identifying alternatives, making decisions, and evaluating results. Making assumptions during this stage can lead to inaccurate conclusions and faulty decision-making.

Question 16

Which of the following positions provides an organization with vision and leadership in the area of business conduct?

Accepted Answer

The corporate ethics officer is responsible for ensuring that the organization operates ethically in all its business practices. They provide vision and leadership in the area of business conduct, setting the tone for the organization's overall ethical culture.

Question 17

What is a social audit? Explain.

Accepted Answer

The answer of What is a social audit? Explain....

Question 18

A statement that highlights an organization's key ethical issues and identifies the overarching values and principles that are important to the organization and its decision making is known as which of the following?

Accepted Answer

A code of ethics is a statement that highlights an organization's key ethical issues and identifies the overarching values and principles that are important to the organization and its decision making. A mission statement typically outlines an organization's purpose or reason for existing, a problem statement identifies a specific issue or challenge that needs to be addressed, and an acceptable use policy outlines guidelines for how technology and resources can be used within an organization.

Question 19

Which of the following helps ensure that employees abide by the law, follow necessary regulations, and behave in an ethical manner?

Accepted Answer

A code of ethics outlines the guiding principles, values, and behaviors that are expected of employees in an organization. It helps to ensure that they follow necessary regulations, behave ethically, and adhere to the law. A mission statement describes the overall purpose and goals of an organization, while an acceptable use policy outlines the appropriate use of technology and resources in the workplace. A problem statement identifies an issue or challenge that needs to be addressed.

Question 20

In the decision-making process of implementing the decision, what plan must be defined to explain to people how they will move from the old way of doing things to the new way?

Accepted Answer

The transition plan must be defined to explain to people how they will move from the old way of doing things to the new way during the implementation process. This plan includes communication, training, and support for employees during the transition to ensure a smooth implementation of the decision.

Quiz 1: An Overview of Ethics