Chat with AIExam 5: Managing Ethics and Social Responsibility
The manager of a new research and development firm wants to ensure that all business performed follows ethical practices. Compose a brief company policy statement that explains the concept of "ethics" and "ethical behavior" in a way that all employees understand expectations. Be sure to make clear the relationship between ethics, law, and free choice.
(46) 
VerifiedEthics is the code of moral principles and values that governs the behavior of a person or group with respect to what is right or wrong. Ethics sets standards as to what is good or bad in conduct and decision making. Ethical behavior includes such things as honesty, integrity, fairness, concern for others, and kindness.
Ethics can be more clearly understood when compared with behaviors governed by law and by free choice. In codified law, values and standards are written into the legal system and are enforceable in the courts. In this area, lawmakers set rules that people and corporations must follow in a certain way, such as obtaining licenses for driving and paying corporate taxes. The domain of free choice pertains to behavior about which the law has no say and for which an individual or organization enjoys complete freedom. Examples include a manager's choice of where to buy a new suit and an organization's choice of which of two well-qualified suppliers to use. Between the domains of codified law and free choices lies the area of ethics. This domain has no specific laws, yet it does have standards of conduct based on shared principles and values about moral conduct that guide an individual or company. Numerous managers have gotten into trouble with the simplified view that decisions are governed by either law or free choice. This view leads people to mistakenly assume that if it's not illegal, it must be ethical. A better option is to recognize the domain of ethics and accept moral values as a powerful force for good that can regulate behaviors both inside and outside organizations.
Students' policy statements will vary but should include an explanation of what ethics and ethical behavior are and relate the concept of ethics to law and free choice.
Stakeholder mapping helps managers identify or prioritize the key stakeholders related to a specific issue or project.
(42) VerifiedTrue
In what stage of personal moral development is an individual concerned with external rewards and punishments and obey authority to avoid detrimental personal consequences?
(37) VerifiedA
The ethical decision-making approach that holds that moral decisions be based on standards of equity, fairness, and impartiality is the __________ approach.
(32) What type of a stakeholder would a nature conservation group be for a paper manufacturing company?
(34) Which of these employee behaviors is associated with the conventional level of personal moral development?
(41) Which of the following techniques helps managers identify or prioritize the key stakeholders related to a specific issue or project?
(32) The ethical concept that holds that moral behavior produces the greatest good for the greatest number is objective dualism.
(29) Which of the following refers to the code of moral principles and values that governs the behaviors of a person or group with respect to what is right or wrong?
(34) The utilitarian ethic is the basis for the recent trend among companies to police employee personal habits such as alcohol and tobacco consumption on the job.
(38) The preconventional level of personal moral development is associated with managers who use a(n) __________ leadership style.
(36) The __________ sidesteps debates about what is right, good, or just and bases decisions on prevailing standards of the profession and the larger society, taking the interests of all stakeholders into account.
(38) __________ is the code of moral principles and values that governs the behaviors of a person or group with respect to what is right or wrong.
(31) __________ are designed to affect corporate culture; they define fundamental values and contain general language about company responsibilities, quality of products, and treatment of employees.
(40) Explain the differences between principle-based statements and policy-based statements in an organization's code of ethics.
(33) A situation that arises when all alternative choices or behaviors have potentially negative consequences, making it difficult to distinguish right from wrong, is considered a(n):
(38) Anygroup within or outside the organization that has some type of investment or interest in the organization's performance and is affected by the organization's actions is called a(n):
(33) The right of free consent, the right to privacy, and the right to freedom of speech are rights that should be considered in the moral-rights approach.
(36) A toll-free confidential __________ allows employees to report questionable behavior as well as seek guidance concerning ethical dilemmas.
(28) 
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