Sage Vantage MARK3330 Business Ethics Chapter 5 Test

Why is it advantageous to have employees craft a code of ethics instead of copying one from another firm?

Enhances employee co-ownership of the ethics code.

A code of ethics or code of conduct are the only components needed in a companywide ethics program.

False

A code of conduct should address issues of major importance specific to the organization writing it.

True

A code of ethics is also known as a values statement and consists of a few general principles that help guide employee behavior.

True

The difference between a gratuity and a bribe is that ______.

a bribe unduly influences business decisions

A code of ethics can be turned into a living document by engaging in a(n) ______ of employee ethics.

annual evaluation

A Literal Swarm of Bees, LLC has just implemented a code of ethics which has had little impact on employee behavior when it comes to ethics. What should company managers do to encourage more compliance with the code of ethics?

link adherence to the code to promotions and raises

When should a code of conduct be revised?

when a new issue arises

A company bidding for a contract offers a sales employee a free vacation trip to Hawaii, where the sales associate has always wanted to go. How might a code of conduct help this employee determine whether or not it is ethical to accept the trip from the bidding company?

It can explicitly tell the employee what to do in this situation.

In small organizations, the ethics code is modeled by ______.

owners

Agatha wants to turn her company's code of ethics into an assessment tool. What should she do to accomplish this goal?

transform it into a Likert scale

Why is having a code of ethics insufficient for better ethical performance?

A communications strategy is also needed.

If you were the CEO of a company, how should you use your mission statement when relating to stakeholders?

as a communication tool for establishing a common cause among stakeholders

A code of conduct applies a ______ to any number of relevant situations. moral theory

code of ethics

The best codes of ethics are easily available, inspiring, comprehensive, and ______.

easy to understand