MGT SB CH3

People who buy or sell stock illegally based on confidential company information are engaging in _____.

Insider trading

A(n) _____ force represents the influences and trends originating in the human relationships of a society that may affect industries.

Sociocultural

Which are elements of corporate governance that are tied to ethics?

Work environment Long-term plans Accurate reporting

The macroenvironment is also known as the _______ environment.

general

A formal set of standards guiding an organization's actions is called a _____.

Code of ethics

Which of these are forces within an organization's general environment?

Economic Technological Political-Legal Demographic Sociocultural International

Spending time in nature, fostering positive emotions, and reducing one's carbon footprint are strategies to foster a more ______ attitude.

Ethical

An organization's standards of right and wrong that influence employee behavior are referred to as _______.

Ethics (Morals, in contrast to ethics, generally refer to an individual's internal standards of right and wrong.)

True or false: Unlike generations before them, Millennials have little concern for the environment and are more interested in profit over planet.

False (Reason: Millennials are more concerned about a company's effect on society than profits.)

Which are actions to take to increase a focus on the greater good?

Fulfill promises. Reduce carbon footprint. Expand knowledge of social inequality.

Which of these organizations are considered special-interest groups?

Mothers Against Drunk Driving People for the Ethical Treatment of Animals

Which core competency of career readiness is most closely tied to ethical concerns?

Professionalism/work ethic

What is the BEST example of a sociocultural force affecting an industry?

Sales of organic fruits and vegetables increase because more people want to eat healthier.

_____ groups try to influence specific issues, some of which may affect your organization.

Special-interest

Millennials in the workforce:

want work/life balance are concerned about a corporation's ethics, motives, and methods expect more from the organizations they work for expect more from the organizations they do business with