Business Ethics and Society

Which of the following actions is most likely to lead to the promotion of an organization's commitment to ethical behavior?

Allowing employees to visit client sites to talk about the organization's code of ethics

Downerz Enterprises (DE) has been in the news for fraud by one its directors. As a result, the trustees of DE have appointed a new director who has established a strict code of ethics. He has announced extensive training for every member of the organization. An ethics officer has also been hired by DE. Which of the following steps is most likely to be taken next by the new director to maintain ethical behavior in the organization?

Celebrate and reward the ethical behavior demonstrated by its employees.

Which of the following steps is the immediate next stage in making ethical behavior sustainable for a company after it hires an ethics officer?

Celebrating and rewarding the ethical behavior demonstrated by its employees

In the context of a company's ethics policy, which of the following actions should an organization avoid taking?

Communicating only to internal stakeholders

Which of the following is most likely to be the next stage in making ethical behavior sustainable for an organization after it promotes its commitment to ethical behavior?

Continuously monitoring the ethical behavior of its employees as the company grows

Which of the following is the first stage in making ethical behavior sustainable for a company?

Establishing a code of ethics

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

False

Employees and stakeholders of a company are required to follow their company's code of ethics strictly.

False

In order to make ethical behavior sustainable, an organization requires commitment solely from the top management.

False

Which of the following statements is advice from the Institute of Business Ethics for creating a code of ethics from scratch?

Get an endorsement from the chairperson and the board.

Which of the following statements is true of transparency?

It provides avenues to increase organizational efficiency.

According to the documentation of a survey conducted by the Ethics and Compliance Officers Association, which of the following responsibilities ranks highest among the chief responsibilities of an ethics officer?

Overlooking hotline/guideline/internal reporting

HP Chase Inc., an investment banking firm, has decided to make ethical behavior sustainable in its organization. It has set up the process of monitoring ethical behavior by establishing a code of ethics. Which of the following stages is HP Chase Inc. most likely to undertake next?

Support the code of ethics with extensive training for every member of the organization

Which of the following statements is true of the code of ethics of an organization?

The code of ethics does not have a perfect model.

Which of the following elements is most likely be included by an organization in its code of ethics?

The policies for behavior in specific situations

Which of the following statements is true of ethics officers?

They monitor the ethical performance of the organization both internally and externally.

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

True

A well-written code of ethics can establish a detailed guide to acceptable behavior.

True

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

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

The role of an ethics officer is to enforce the code of ethics and provide support to any employees who witness unethical behavior.

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

Edmund has been recently appointed as executive in-charge of the code of conduct for Elmer Enterprises. He administers the code of conduct among the organization's employees and oversees the investigations of wrongdoings in the organization. He also provides additional guidance and support to the employees. Edmund is most likely to be the _____ of the organization.

ethics officer

Brenner Inc. (BI) is formulating its ethics policy with the goal of increasing employee loyalty and improving customer satisfaction. In order to meet these goals, BI should ensure that its policy: Correct!

includes threats of punishments balanced with rewards.

A policy that results when a company develops a clear sense of what it stands for as an ethical organization is known as a _____.

proactive ethical policy