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Business

QuestionAnswer
Who are the 4 stakeholder groups that businesses are responsible to? Society, Investors, Employees, Customers
What are some of the responsibilities businesses have to the general public? Businesses are expected to help out in the community and treat customers well.
What are some of the responsibilities businesses have to customers? To treat customers well and make sure they find what they are looking for
What are some of the responsibilities businesses have to their investors/financial community? To tell their investors how they are really doing and not lying by saying they're still doing we'll even if they're not
What are the steps to think about in making an ethical decision? Stop and think, Clarify goals, Determine facts, Develop options, Consider consequences, Choose, monitor and identify.
Why is it important for businesses to be socially responsible? So customers know it's a business willing to help them out.
Explain an ethical situation a business might face and provide some possible alternatives. A manager highers a friend instead of someone who is in need of a job and money. An alternative is that the manager could have hired the one in need and helped his friend find another job.
Define ethics and business ethics. moral principles by which people conduct themselves personally. Business Ethics- rules based on moral principles about how business employees ought to conduct themselves.
Describe why ethical behavior is good behavior for business. Ethical behavior is good for a business because if people know it is friendlier, then more people will want to work there.
Using the ethical decision-making process, list the steps for dealing with an ethical dilemma Determine if it is a dilemma, identify the key values and principles involved, identify which key values and principles are relevant to the dilemma, develop an action plan, implement your plan, and reflect on the outcome of this process.
Define what is meant by the social responsibility of business. For a business to make sure that they are treating their employees ethically.
Give an example of an unethical decision that is not illegal. Can a legal decision also be an unethical one? A business making their employees stay extra time and pick up trash from everyone else. Yes it can be legal, but still unethical.
Do you think the United States should trade with countries that have a poor human rights record? Why or why not? Yes, because if we trade with them we can form a better relationship with that country, it's not our business for what's going on in another country.
8. Why do you think businesses with written codes of ethics and ethics programs for their employees have fewer ethical problems than other companies? Because they already have a plan set for how they want their ethics to work.
9. One study showed that young, inexperienced managers are twice as likely to feel pressured to compromise ethical standards as their older counterparts. Why do you think that is true? Because the older managers have experience and know what to expect while the younger one's aren't prepared for what could happen.
Why do you think that some employees tell their managers about unethical behaviors of other workers? Do you think this is a good development? Because they don't want a coworker who is acting unethical to rub off on anyone else. Yes it's a good development because you don't want all of your employees acting up an unethical.
Imagine that your manager says she cannot give you a raise but will allow some personal items in your travel expense report. What impression does that give you of her professional ethics? That she is ethical but doesn't have to give you a raise if you want one, but she still helps you out,
Is ethical behavior always easy? Why or why not? What can a person do to make the best decision regarding an ethical dilemma? No it is not always easy being ethical because sometimes you want to make a decision or tell someone to do something unethical because you are upset with them.
Created by: Ari.Fragen
 

 



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