Business Society Quiz 5

When attempting to build ethical safeguards into the company, businesses can take the following specific approaches:

Compliance & Integrity

A recent study found that, compared to the 1980s, managers today place what importance on moral values, such as honesty and forgiveness?

Human rights and constitutional guarantees of human dignity.

Scholars found that spirituality affects employee and organizational performance in what way?

Positively affects employee and organizational performance.

People's ethical beliefs come from:

Their religious background, family, and education

The unspoken understanding among employees of what is and is not acceptable behavior is called:

ethical climate

Which ethical criterion is described by the idea that a company should strive for efficiency?

Egoism. By law, the financial records of publicly held companies are required to be: Audited by a certified professional accounting firm.

The core components upon which a company's ethical performance depends include:

The personal character of the managers and employees, the values and virtues of the managers, and the traditions, attitudes, and business practices built into a company'sculture.

Why should business be ethical?

meet demands of stakeholders, comply with legal requirements, prevent or minimize harm, promote personal morality.

People everywhere depend on ethical systems to tell them whether their actions are:

right or wrong

Businesses are expected to be ethical in their relationships with:

stockholders, customers, competitors