Exam 10: Making It Stick: Doing Whats Right in a Competitive Market

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A company's commitment to ethical behavior impacts:

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C

The audience for the code of ethics would be the _____ of the organization.

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B

For an ethical culture to be _____,it has to persist within the operational policies of the organization long after the latest public scandal or the latest management buzzword.

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sustainable

Sustainable ethics in a culture are those that persist within the operational policies of the organization long after the latest public scandal or the latest management buzzword.

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Typical markets represent federal,state,and local officials who simplify and reduce rules and regulations,thus discouraging firms from hiring more people and paying more taxes.

(True/False)
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In an organization,the commitment to ethical behavior must be documented in a code of ethics,so that everyone begins from the same starting point.

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A well-written code of ethics can capture what the organization understands ethical behavior to mean.

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Since the code of ethics can't capture every possible example,each department of the organization should apply the code to examples that arise in its area.

(True/False)
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Derek oversees the investigations of wrongdoings in his organization and provides additional guidance and support to the employees.He also develops training programs for every department to maintain organizational conduct.Which of the following positions does Derek most likely hold in his company?

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Hiring an ethics officer is the first stage in the process of making ethical behavior sustainable.

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_____ describes the characteristic of public commitment to the highest level of professional standards and then sticking to that commitment.

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Discuss organizational integrity.

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Which of the following is an advice from the Institute of Business Ethics for creating a code of ethics?

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Bretton Inc.(BI),a multinational corporation,releases detailed financial statements at the end of every quarter of a year.It is open and honest with its clients in all communications.Also,BI clearly states the terms and conditions of the contracts to its clients.Which of the following organizational characteristics is illustrated by BI in this scenario?

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Policies that result when a company develops a clear sense of what it stands for as an ethical organization are called _____.

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Downerz Enterprises (DE)was in the news for misappropriation of pension funds by one its directors.In wake of the recent scandals,the trustees of DE appointed a new director who established a code of ethics.He announced extensive training for every member of the organization.An ethics officer was also hired by DE.Which of the following is most likely the immediate next step that the new director should take to maintain ethical behavior?

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Impatient stockholders wanting the stock price to rise each and every quarter is representative of most markets.

(True/False)
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Making ethical behavior _____ requires the involvement of every member of the organization in committing to a formal structure to support an ongoing process of monitoring and enforcement.

(Short Answer)
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Policies that result when organizations are driven by events and/or a fear of future events are called _____.

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When an individual is looking to manage the reputation and policies of an organization,the commitment to doing the right thing becomes more about written ethics policy than any sense of organizational integrity.

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