Business Ethics Chapter 10 Assignment

is the characteristic of publicly committing to the highest professional standards and sticking to that commitment.

Blank 1: Organizational Blank 2: integrity

ethical policies are policies that result when an organization develops a clear sense of what it stands for as an ethical organization.

Blank 1: Proactive

is a characteristic of a company that maintains open and honest communications with all stakeholders.

Blank 1: Transparency

is a senior executive responsible for monitoring the ethical performance of an organization both internally and externally.

Blank 1: ethics Blank 2: officer

Which of the following strategies would represent a formal commitment by Independence Materials' management to an organizational ethics program?

hiring an ethics officer

________ is a characteristic of an organization that maintains open and honest communications with all its stakeholders.

transparency

A company should avoid communicating its ethics policy to external stakeholders.

FALSE

According to the text, once an organization establishes a code of ethics, what should be the next stage in the process?

Offer extensive training for every member of the organization.

When a company develops a clear sense of what it stands for as an ethical organization, it develops ________.

Proactive policies

The real test of any company's ethics policy comes when one of its employees is presented with a potentially unethical situation.

TRUE

Every member of an organization should be involved in making ethical behavior sustainable by committing to a formal structure that supports a continuing process of monitoring and enforcement. Arrange the stages involved in the formation of this structure in the correct order of occurrence. (Place the first stage at the top.)

1. Setting up a code of ethics. 2. Providing support to a code of ethics by extensively training every member of the organization. 3. Appointing an ethics officer. 4. Celebrating and rewarding 5. Promoting 6. Continuing

After talking with Justin and Neil about their business behavior, Kimberly says she needs to hold a code of ethics seminar for her team. Which of the following statements describes a well-written code of ethics?

All these statements describe a well-written code of ethics.

Policies that result when organizations are driven by events and/or a fear of future event are called

Blank 1: reactive Blank 2: policies

In an organizational context, ethical behavior that persists long after the latest public scandal or the latest management buzzword is known as

Blank 1: sustainable Blank 2: ethics

A carefully "wordsmithed" document and carefully positioned press releases suggest that an organization is strictly following the policy of transparency.

FALSE

A transparent organization tends to avoid open and honest communication with all its stakeholders.

FALSE

Celebrating and rewarding the ethical behavior demonstrated by an organization's employees is the last stage in making ethical behavior sustainable for an organization.

FALSE

Every company's ethics policy should state that awarding prizes to employees for good ethical behavior should be avoided.

FALSE

Hiring an ethics officer is the first stage in the process of making ethical behavior sustainable.

FALSE

Proactive ethical policies of an organization are the policies that result when it is driven by events and/or a fear of future events.

FALSE

Reactive ethical policies of a company are the policies that result when it develops a clear sense of what it stands for as an ethical organization.

FALSE

The chief responsibility of an ethics officer is to assess an organization's corporate image amongst its competitors.

FALSE

When an individual is looking to manage the reputation and policies of an organization, the commitment to doing the right thing becomes more about following the written ethics policy than about any sense of organizational integrity.

FALSE

True or false: Realizing that a company operates independently from its community, its customers, its employees, its stockholders, and its suppliers is vital to the long-term survival of the company.

False

What does Neil mean when he says he's "not above working in the gray"?

He's okay with giving certain customers freebies or special treatment in order to make a sale.

Who among the following exemplifies an ethics officer in an organization?

Joe, an employee, who enforces the code of ethics and provides help to employees who witness unethical behavior

Which of the following scenarios exemplifies a company's proactive ethical policies?

MultiKen Inc. created ethical policies to reflect what it stands for as an ethical organization.

________ describes the characteristic of publicly committing to the highest level of professional standards and then sticking to that commitment.

Organizational integrity

Identify a scenario that exemplifies reactive ethical policies in an organizational context.

Putrap Inc. created ethical policies when they were faced with a scandal.

________ refers to ethical behavior that persists long after the latest public scandal or the latest management buzzword.

Sustainable Ethics

A risk factor of a company becoming too transparent and giving away too much information is the loss of market advantage through corporate espionage.

TRUE

A well-written code of ethics can capture what an organization understands ethical behavior to mean.

TRUE

For an organization to develop an ethical culture that is sustainable, it should promote its commitment to ethical behavior so that all stakeholders know what is expected of them.

TRUE

Impatient stockholders wanting the stock price to rise each and every quarter are representative of most markets.

TRUE

It is important to establish an extensive training program to support the published code of ethics of a company.

TRUE

Organizational integrity is a characteristic of publicly committing to the highest professional standards and sticking to that commitment.

TRUE

Smaller companies need to include their code of ethics as part of any strategic planning exercise to make sure it is as up to date as possible.

TRUE

Sustainable ethics in a culture are those that persist within the operational policies of the organization long after the latest public scandal or the latest management buzzword.

TRUE

The Institute of Business Ethics suggests that an organization should get an endorsement from the chairperson and the board while creating a code of ethics from scratch.

TRUE

There is no perfect model for a code of ethics.

TRUE

True ethical policies are proactive, and occur when a company develops a clear sense of what it stands for as an ethical organization.

TRUE

True or false: Companies can only build trust with their stakeholders if there are "open and honest communications."

True

A(n) ________ is a senior executive responsible for monitoring an organization's ethical performance both internally and externally.

ethics officer

Policies that result when organizations are driven by events and/or a fear of future events are called ________.

reactive policies