Exam 15: Incorporating Ethics and Social Responsibility Into the Business

Through giving something back to the community or communities in which it does business, and thus to society as a whole, a business holds itself to a higher standard of ____.

A company's ____ is/are what brings everyone together to achieve a common objective.

The moral code by which we live and conduct business comes from cultural, social, political, and ethnic norms with which we were raised as children and is called ____. ​

____ means operating a business in a way that exceeds the ethical, legal, commercial, and public expectations that society has of the business. ​

Paul Brainerd of the Brainerd Foundation in Seattle, Washington, suggests following which socially responsible rule?

A conflict of interest occurs when a person's private or personal interests clash with ____.

Entrepreneurs who play too close to the edge of legality are in danger of ____.

The question, "Would I be proud if my actions were announced in my local newspaper?" is part of the ____ approach to ethical decision making. ​

Define the constants of success. ​

Following the Golden Rule that says "Do unto others as you would have them do unto you," is a comprehensive answer to ethical dilemmas in the workplace.

Define core values. ​

Peter Drucker always asserted that a company's ____ should "fit on a t-shirt."

Aristotle, the Greek philosopher, said that ____ is the first of the human virtues because without it, the others are not possible.

In ethics theory, there are generally three broad categories of perspectives about an ethical dilemma: ____, obligations, and utility. ​

A small company can have a socially responsible impact on its community if it does a few things by way of preparation. First, the company needs to ____.

Meeting ethical expectations is part of social responsibility. ​

____ in ethical decision making says that "Everyone needs to look out for himself." ​

Research has shown that the ethical behavior of employees is very much influenced by ____.

An effective ethics program may protect a company from criminal penalties. ​

Discuss the characteristics that are part of an effective code of ethics. ​