Exam 1: An Overview of Ethics

In a for­profit organization, it is the primary objective of the to oversee the organization's business activities and management for the benefit of shareholders, employees, customers, suppliers, and the community.

The term morality refers to social conventions about right and wrong that are so widely shared that they become the basis for an established consensus.

describes standards or codes of behavior expected of an individual by a group (nation, organization, profession) to which an individual belongs.

Fairness and generosity are examples of virtues.

is the concept that an organization should act ethically by taking accountability for the impact of its actions on the environment, the community, and the welfare of its employees.

An approach to ethical decision making that is based on a vision of society as a community whose members work together to achieve a general set of values and goals is the approach.

In a nonprofit organization, the board of directors reports to the local community that it serves.

In an environment where employees are encouraged to do "whatever it takes" to get the job done, employees may feel pressure to engage in conduct to meet management's expectations.

A(n) is a habit of unacceptable behavior.

Most people have developed a decision-making process they use almost automatically, without thinking about the steps they go through.

acts conform to what an individual believes to be the right thing to do.

Employees may suppress their tendency to act in a manner that seems ethical to them and instead act in a manner that will protect them against anticipated punishment.

A set of beliefs about right and wrong behavior within a society is called .

In the business world, important decisions are too often left to the technical experts; general business managers must assume greater responsibility for these decisions.

Consistency means that shareholders, customers, suppliers, and the community know what they can expect of an organization-that it will behave in the future much as it has in the past.

A(n) aligns the practices of a workplace with the stated ethics and beliefs of that workplace, holding people accountable to ethical standards.

During the problem definition process, one must be extremely careful not make about the situation.

The greater reliance of information systems in all aspects of life has decreased the risk that information technology will be used unethically.

The goal of the Sarbanes­Oxley Act was to renew investor's trust in corporate executives and their firm's financial reports following numerous financial scandals in the early 2000s.

A code of ethics cannot gain company-wide acceptance unless it is developed with and fully endorsed by the organization's leadership.