D072 Fundamentals for Success in Business Review Unit 2

D072 Fundamentals for Success in Business Review Unit 2 5.0 (2 reviews) Students also studied Terms in this set (75) Western Governors UniversityMGMT 3000 Save D072 Fundamentals for Success in B...134 terms Tbarnett20Preview D072 Fundamentals for Success in B...70 terms Angel1574Preview WGU Fundamentals for Success in B...60 terms Adan_MPreview Fundam 92 terms katr Ethics- Principles that serve as a guide about how to behave legal- An act that is allowed or is in conformity with the law of the land legal-ethical- When the law and personal or organizational ethics are in accordance with each other legal-unethical- Dilemma in which established laws are not in accordance or do not uphold the ethical choice illegal-ethical- Dilemma in which the ethical choice would be in violation of established laws Pentagon Papers- Illegal-ethical conflict in which U.S. government officials leaked top secret papers to inform the public about government actions during the Vietnam War Charlie is looking to hire employees with______ that will maintain the corporate vision. _______are the personal values and principles that define what is right and wrong in a context. ________ are essential in appropriate interactions with the organization's stakeholders throughout the continent.Ethics

As Sure Start expands internationally, Charlie is focused on addressing concerns that domestic employees have about the new product. Which issues should he address with existing employees about their concerns?Culture Societal Policy Personal Personal issues affect how employees interact in the workplace. Charlie is working to address employee concerns, which are personal issues and feelings they have toward the company's international expansion and how it affects their jobs._______ identify rules and guidelines for how employees behave in the business setting. They describe expectations the business has for its employees. Carl and Kim were relocated to foreign countries with the goal of hiring new employees and ensuring that they knew and shared the company's unified visions.Internal policies Sure Start's marketing strategy must be able to translate across the different business locations so that the company's values and products are accepted by all customer groups.Which ethical element will this strategy address?Personal Ethics Morals International Business Culture Business Law International business culture refers to the differences in values, goals, and attitudes of various stakeholders from different countries or geographic regions.Culture is a group's shared values, traditions, beliefs, and understandings that influence how individuals perceives an environment. Charlie wants to make sure that the company's marketing strategy is relevant and aligns with the cultural values of different customer groups in the different countries.If the company establishes unrealistic high goals, employees may feel that they will be required to do whatever it takes to reach those goals, regardless of whether they need to make decisions that may result in unethical practices.True or False True A judge believes that the use of cannabis should never be allowed due to personal principles of what is right and wrong, regardless of the situation. A law was recently passed, however, allowing individuals to use cannabis.Which type of issue does the judge face?Legal-unethical (The judge's personal ethics are that cannabis use is unethical even though it is legal.) personal ethics- Codes, principles, and values that shape our interactions with others Values- Stable life goals that people have, reflecting what is most important to them Morals- Rules people develop as a result of cultural norms and values and are, traditionally passed down through generations and characterize a cultural group

A job candidate asks questions during an interview to determine if personal life goals align with those of the organization.Which factor is the candidate using to guide the decision?Morals Values Cultural norms Personal experiences Values are personal ideas about what is important and are consistent and relevant to establishing goals.Organizational ethics- Rules, principles, and standards for deciding what is morally right or wrong when doing business societal issuesThese are the issues relating to the world as a whole. Many companies get involved with these issues because of the ethics the organization creates out of care and concern for individuals.stakeholder issuesAnyone affected by a company's actions. In this level, businesses must deal with policies that affect their customers, employees, suppliers, and people within the community.internal policy issuesIn this level, the concern is for internal relationships between a company and its employees. Fairness in management, pay, and employee participation would all be considered issues.personal issuesThese deal with how people treat others within their organization. For example, gossiping at work or taking credit for another's work would be considered this issue A company insists on treating suppliers with respect and refuses to push them to the lowest pricing possible.Which level of organizational ethics is being used by this company?Internal policy issues Stakeholder's issues Societal issues Personal issues Stakeholders include anyone affected by the organization, including suppliers.A retail company frequently updates its principles, rules, and guidelines to reflect input by employees. Which level of organizational ethics is being illustrated by this company?Personal issues Stakeholder issues Internal policy issues Societal issues Internal policies are between the organization and its internal stakeholders, the employees. The regular policy updates will include employee input and reflect internal policy issues.

Which group is responsible for setting the ethical tone of a corporation?Shareholders Managers Frontline employees Creditors Managers (Integrity and ethics starts at the top with organizations' leadership and trickles down to everyone else.) A company is working hard to establish objectives that promote ethics and standards.What terms describe how these objectives are defined?Broad and measurable Specific and qualitative Broad and qualitative Specific and measurable Specific outcomes define a desired outcome, and measurable outcomes define a method for determining if an objective has been met. Promoting ethics and standards requires specifically defining which ethics and standards have been established and should be measurable based on outcomes.Organizational culture- The shared values, beliefs, and norms of an organization that affect the strategies and operating procedures of the business international business culture- Variations in attitudes, values, goals, and practices shared by individuals, organizations, or societies based on geography A CEO of a company wishes to create training material that clearly indicates shared assumptions, values, and beliefs.Which term is this material describing?Organizational culture Institutional behavior International business culture Organizational ethics Organizational culture comprises the company's established values and beliefs as expressed through a mission and vision statement.A corporation is expanding its operations from being based solely in the United States to having operations in Europe and China. The chief financial officer (CFO) is concerned about variations in attitudes, values, and goals that may be seen across these regions and how they will impact the company. Which issue is of concern to the CFO?Organizational ethics International code of conduct International business culture Personal ethics The scenario describes variations in attitudes, values, and goals that vary across global regions, the factors associated with international business culture.Speaking the truth, respecting my elders and never purposely hurting someone are examples of _____ ( personal or professional ) ethics.Personal Ethics Being punctual, refraining from gossip, and having good time management are examples of _____ ( personal or professional ) ethics.Professional Ethics