Identify business and managerial ethics.
Identify business and managerial ethics.
Which of the following is a concern employees of an expanding business would have?
a.) Ensure that customer requests are responded to promptly and professionally.
b.) Ensure the team develops strongly in new locations.
c.) Ensure sensitive information about specialty offerings remains undisclosed until the new location opens.
d.) Ensure that fair hiring and firing practices are incorporated at the new location.
2 — Models of Social Responsibility and Considering the Stakeholder
Understand different kinds of social responsibility and their benefits.
Which statement applies to the economic model of social responsibility?
When businesses focus on profits, society benefits.
Businesses cannot ignore social issues.
Business does not create problems in society.
Businesses have the resources to help solve social problems.
3 — Steps to Creating a Social Responsibility Program
Determine how social responsibility programs are implemented.
Which of the following is an example of need recognition?
Ted worked with managers on ways to increase program participation.
An employee mentioned many local kids were homeless and hungry and that something had to be done to address the issue.
Ted worked with managers to determine the scope of their program and plan out the program details.
The program was implemented and staff members volunteered and tutored youth at a local homeless shelter.
4 — Stances to Social Responsibility Issues
Identify the stances a business can take to respond to social responsibility issues.
Paula suggested a fundraiser to help raise money for a community awareness program. Kevin loved the idea, but told Paula that they should focus on getting their business up and running. Like Paula, Kevin wanted the company to support a social initiative. However, he believed that the first year of operation was not the right time.
Kevin felt that their current focus should be on meeting legal requirements and ethical standards related to starting a business. They could promote their belief in walking as part of a healthy lifestyle when the company was well-established.
Based on Kevin’s statements, he feels the company should take a(n) __________ stance towards social responsibility.
a.) accommodative
b.) obstructionist
c.) proactive
d.) ethical
5 — Case Study: Ethics
Recognize both classic and modern examples of business ethics.
__________ consist(s) of right and wrong and the morality of choices.
Ethical decisions
Ethics
Consequences
Business culture
6 — Global Economy
Determine the considerations of business and trade.
Which of the following options might a business have to consider when entering the international marketplace?
a.) Issues with business continuity with current brands
b.) Need for a social responsibility program in the new location
c.) Licensing requirements for building in a foreign city
d.) When to create an ethical code of content
7 — Global Markets
Identify the influence of the World Bank on the global markets.
Which statement is true regarding global markets?
There are very few opportunities in low income markets.
The World Bank is an agency of the UN.
The UN method is used to calculate GNI per capita.
The three main marketplaces are North America, Europe and South America.
8 — Interactions within the Global Economy
Understand how interactions with the global economy are regulated.
What would it be called if the United States government enforced a regulation to stop buying coffee from a particular foreign country?
Import tax
Import embargo
Import tariff
Import quota
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