Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

can I please get some assistance with these problems for a Business ethics class BUSINESS ETHICS (MGMT 2055) TEST 1 Answer all questions. Part 1.

can I please get some assistance with these problems for a Business ethics class

image text in transcribed
BUSINESS ETHICS (MGMT 2055) TEST 1 Answer all questions. Part 1. True and False. (2 points each) 1. Business can be considered a game people play like basketball or boxing 2. Key ethical issues in an organization relate to fraud, discrimination, honesty and fairness, conicts of 1nterest, and technology. 3. Fraud occurs when a false impression exists, which conceals facts. 4. Putting one's own interests ahead of the organization is the most commonly observed type of misconduct. 5. Social responsibility in business refers to maximizing the visibility of social involvement. 6. Stakeholders provide resources that are more or less critical to a firm's long-term success. 7. Three primary stakeholders are customers, special interest groups, and the media. 8. The most signicant inuence on ethical behaviour in the organization is the opportunity to engage in unethical behaviour. 9. An ethical culture is based upon the norms and values of the company. 10. Business ethics contributes to investor loyalty. Part 2 Short Answers. (5 points each) 1. Dene business ethics in your own words. 2. How does ethics contribute to ethics satisfaction? . Who is a stakeholder? Explain the two types that exist. 3 4. List and explain the 6 steps that have been found effective to utilize the stakeholder framework in managing responsibility. 5. Explain any 3 forms of discrimination that can take place in a work place. Provide your own example for each. 6. How can companies become social responsible ? (social 'responsibility) 7. How can you avoid conict of interest? 8. What is collusion? (in your own words) 9. Given an example of commission lying and an example of omission lying

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

The Worldly Philosophers The Lives, Times And Ideas Of The Great Economic Thinkers

Authors: Robert L Heilbroner

7th Edition

068486214X, 9780684862149

More Books

Students also viewed these Economics questions

Question

Describe five general characteristics of the Renaissance period.

Answered: 1 week ago

Question

List the components of the strategic management process. page 77

Answered: 1 week ago