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