BUS 265 Ethical Issues In Management Chapter 1

General Data Protection Regulation (GDPR)

A candle maker has a website to sell its products to customers in the United States, the United Kingdom, and Canada. Since the website's analytics tool collects and stores information on website visitors, the candle maker must ask its visitors for permission to collect data and respond to consumer inquiries about data usage within 72 hours. Which of the following laws requires the candle company to take these actions?

Ethics plays an important role in the public sector.

A county sheriff was indicted on bribery and fraud charges for agreeing to overlook a local counterfeiting ring's criminal activities in exchange for reelection support and contributions. This example supports which of the following statements?

workplace integrity

A customer service support center sends an internal survey to employees. The anonymous survey includes questions about the types of ethical misconduct individuals have observed in the workplace and asks if employees ever feel pressure to compromise organizational standards. The survey asks the customer service agents if they have ever reported observed misconduct and if they have experienced retaliation as a result. What does this survey measure in this scenario?

2010s

ABC Corp. is a social networking site with access to a large amount of customer data. ABC's senior management is often concerned with how to ethically collect, store, and use Big Data. The company is also grappling with managing relationships in a multigenerational workplace since its oldest team members are baby boomers while its youngest are Gen Z. During which of the following decades would ABC Corp.'s concerns fall within the timeline of ethical and social responsibility?

A Value Dilemma

Cho works for a tech company. Cho likes the corporate culture because it is centered around teamwork, trust, and integrity. One day, Cho notices that a coworker, Nathan, is wearing a company t-shirt in an inappropriate video posted to Nathan's personal social media account. If she reports him, she fears she will not look like a good team player and will lose the trust of her coworkers. If she does not report him, she fears the company's integrity will be damaged. What does Cho face in this scenario?

Federal Sentencing Guidelines for Organizations (FSGO)

DIY Home Store, a home improvement retail company, lacks internal legal and ethical compliance programs. Two members of its senior management team are found engaging in misconduct, including bribery and fraud. Since DIY Home Store lacks an effective ethical compliance program and its employees were found violating the law, it can incur severe penalties under the _______.

Companies who have good financial performance are able to spend more money on social responsibility.

Evergreen Energy, a successful integrated energy company, invests heavily in its local communities. It has contributed $16.5 million to philanthropic initiatives to support the company's goal of driving economic growth and making a difference. For example, the company contributes both financial and human resources to support STEM learning programs for children. Why is Evergreen Energy most likely able to invest in social responsibility?

Bribery Act

Matteo works for a U.S.-based multinational retail company that wants to expand its footprint in the United Kingdom. Matteo is under pressure to set a grand opening date for a new store. To secure the permits his company needs, he offers his U.K. government contact a $900 grease payment in exchange for hurrying his application along. Which law is Matteo in violation of?

Values

Natasha is tasked with creating a document that highlights her company's attributes for new employees. After writing a brief history of the company, she wants to list its enduring beliefs and ideals that are socially enforced—such as teamwork, trust, and integrity. Which of the following does Natasha want to include?

Sarbanes-Oxley Act

Oliver is the chief financial officer for a restaurant company in the United States. He is responsible for managing the financial actions of the company. Oliver signs off on the firm's financial reports and risks fines and a long prison sentence if he misrepresents his company's financial position as required and provisioned by the _______.

People have the right to ask Quick Search to remove results for queries that include their name.

Quick Search is a popular search engine based in the United States that services every country in the world. It crawls the web and stores data on the page URLs it finds so that when people search for different keywords and phrases, Quick Search can provide good results. Which of the following statements is true?

Ethics contributes to profits.

Strong customer initiatives help Intuit receive the feedback necessary to release innovative products customers desire, including its product Credit Karma. As a result of its customer focus, Credit Karma has become a leading company in the personal credit and financial management industry. Which of the following benefits of business ethics are described by this example?

Global Compact

To demonstrate its commitment toward acceptable conduct, a company decides to adopt globally recognized principles emphasizing human rights and social responsibility. The company agrees to integrate the 10 principles concerning human rights, labor, the environment, and anti-corruption into their business practices. They also agree to publish their progress toward these objectives on an annual basis and partner with others to advance broader United Nations (UN) objectives. Which policy have they adopted in this situation?

a. Rx Drugstore has an employee stock ownership program. b. Acme Corp. employees participate in disaster-relief efforts after hurricanes and tornadoes. c. The Excel Group offers a work-family program.

Which of the following are examples of a company fostering the development of an ethical culture for its employees? (Select three)

A shampoo producer has taken an interest in issues such as climate change, the economic empowerment of women, and water sustainability. It has also invested in the sustainability of its packaging.

Which of the following statements describes an Environmental Social Governance (ESG) philosophy?