1.
Business ethics is the application of legal and regulatory standards to business situations. a. True b. False 2.
Misleading advertising in print or television is illegal as well as unethical. a. True b. False 3.
Cultural norms can play a part in a person's ethical or unethical behavior in the workplace. a. True b. False 4.
Regulations and laws were much stricter in the first quarter of the twentieth century than they are now. a. True b. False 5.
The Interstate Commerce Act was the first federal act to regulate business practices. a. True b. False 6.
A Latin phrase, caveat emptor, summarizes the vulnerable position that consumers were in the early 1900s. a. True b. False 7.
The EPA is a federal agency
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/a. True b. False 5.
A responsibility audit is a comprehensive report of what an organization is going to do in regard to social issues.
/ a. True b. False 6.
Noise pollution might be addressed by workers being required to wear earplugs to guard against hearing damage. a. True
/ b. False 7.
The courts of the U.S. have ruled that quotas in affirmative action programs are unconstitutional.
/ a. True b. False 8.
The Wall Street Reform and Consumer Protection Act was passed in 2009.
/ a. True b. False 9.
The Cigarette Labeling Act and the Fair Packaging and Labeling Act are part of federal legislation that helps protect consumers. a. True /b. False 10.
Both President Gerald Ford and President Bill Clinton contributed legislation to the consumer bill of rights. /a. True b. False 11.
The __________ Act provides sweeping legislation for reporters of corporate misconduct. a. American Recovery and Reinvestment b. Federal Trade Commission c. Consumer Product Safety Commission d. Accountability and Transparency in Rating Agencies /e. Sarbanes-Oxley 12.
The __________ enlarged the solid-waste disposal program and provided for enforcement by the EPA. a. National Environmental Policy Act /b. Resource Recovery Act c. Resource Conservation and Recovery Act d. American Recovery and Reinvestment Act 13.
Which of the following is false about business and social responsibility in the first quarter of the twentieth
2. Laws must be static and unyielding in order to provide stability for a society.
Company Q is a small local grocery store chain that has a poor attitude toward social responsibility. After reviewing the given, I feel the chain is more committed to profit than social responsibility. Most companies are in a business to make a profit, however, the difference in what is considered reasonable and what is considered ridiculous comes into play. Most people start companies because it something they are interested in and to make a living. In today’s society the line between outright social responsibility
Ethics and moral obligations are issues we all encounter at one time or another. In the professional setting, all people should act in a manner that would uphold the good of society. To be ethical, one has to determine their obligations, moral ideas, and moral philosophy (Boatright, p. 19, 2009). The case analysis involving Jacob Franklin was a perfect example of how an individual can face the dilemma of doing what is right or wrong. Businesses have their own code of ethics, and the employees within the business have to determine whether or not they will follow the company’s code of conduct. I will discuss several ethical issues in the case analysis including; failure to report information, remaining silent regarding faulty equipment,
Each area of operation is evaluated by our Environmental Health & Safety (EHS) department, and when hazards are identified, they resolve the issue causing the hazard or they post safety warnings. All of the areas I supervise have a requirement to wear hearing protection. The daily operations of the room have a noise level that requires everyone to wear ear plugs or ear muffs while physically in the room.
It is illegal for the government to require quotas as well. Therefore affirmative action is unconstitutional and should be illegal.
* --Is it ethical for an employer to require as a condition of employment or use as a consideration for advancement promotion, that an employee participate in organizations apart from the business (ie. community non-profit organizations)? Does the type or nature of the organization make a difference?
A) a company can control the actions of its own employees, including non-sales job tasks.
Collectively there are four major pieces of legislation that make us the Antitrust Laws: The Sherman Act of 1890, the Clayton Act of 1914, the Federal Trade Commission act of 1914 and the Celler- Kefauver Act of 1950. The purpose of these acts and laws is to regulate trade and commerce by preventing unlawful restrictions, price fixing and monopolies; their goal is to promote competition and to encourage the production of quality goods and services at reasonable prices while safeguarding the public welfare, while ensuring consumer demand is met via the production and sale of those goods at reasonably low prices. Enforcement of the antitrust laws depends largely on two agencies: the Federal Trade Commission (FTC) and the Antitrust Division
Ethics is the study of right and wrong conduct. (Ruggiero, 2008) “Over the past few decades, a sizable industry has arisen to serve the demand for ready-made and even customized compositions and term papers. Many students presumably believe there is nothing morally wrong with the practice of buying one of these papers and turning it in to fulfill a course requirement.” (Assignment)
Social Responsibility; An organization's obligation to maximize its positive impact on stakeholders and minimize its negative impact.
Therefore, Market West accepted the corporation stock as partial debt. Hooper and Yoder agreed to add Brian Bradley who worked for Market West as the third director. Hooper colluded with Bradley and violated a fiduciary duty to Yoder by issuing 95 shares of stock to himself, 5 shares to Bradley, and none to Yoder. Furthermore, Hooper got paid $141,000 salary from the business without Yoder knowing. More importantly, Hooper and Bradly voted to force Yoder to leave the corporation. After Yoder found out that Hooper broke their agreement, violated Yoder’s rights and duties, acted dishonestly, and made unethical decisions, Yoder sued Hooper and Beautiful Daydreams in the District Court. Under the common law, with these facts, the court supported Yoder and ordered Hooper to give back one-half of the salary plus one-half of the shares of stock to Yoder.
2. Ethical Issues in Business. It seems that every day in the news we are hearing of new company that has acted at least unethically and possibly illegally in the operation and financial reporting of their company's business dealings. There are many ethical issues in business. One major issue that we see is over and under reporting net income. Companies like to show that every quarter the net income of the business has an increase or profit. In order to show this they adopt unethical or illegal means in the operation and financial reporting. One such method is the indiscriminate use of stock options for employees that enable companies to take employment costs off balance sheet and inflate earnings. With the recent ethical issues we have
No two people are the same, and they will never be the same. Even twins have different ways of viewing things. This is the same for people ethical views, according the The Merriam-Websters Dictionary (2015) the definitions for ethics is “The rules of behavior based on ideas about what is morally good and bad.” Knowing what is morally right or wrong especially in the business world can help prevent scandals or corrupt business practices. But in today society, ethics can be blurred through situations and personal views, now it seems as though people aren’t even thinking about what is ethical but more so what can benefit them. Within recent months, news of FIFA allowing bribes to be accepted from certain people has managed to corrupted a billion dollar business and affected their corporation along with allowing the world to see their ethical views. In this paper I will be talking about whether or not this a topical of ethical views, is this a common situation with management and if it affected international business.
In their personal and professional lives, people can and, unfortunately, sometimes do go against their moral and ethical standards. Ethical standards are what it means to be a good person, the social rules that govern our behavior. Ethics in business is essentially the study of what constitutes the right and wrong or the good or bad behavior in the workplace environment. A business is an organization whose objective is to provide goods or services for profit. The organization has a group of people that work together to achieve a common purpose. The moral challenges that these men and women face each day along with a whole range of problems that could occur, are why ethics plays such an important
Ethics is the branch of philosophy that deals with the principles correlated to human behavior concerning the rightness and wrongness of specific conduct, and to the good and bad that influences and ends those actions (Ditonary.com, 2011). In other words, ethics is the choice people effect in regards to a decision they need to achieve. Without ethics directing the choice an individual makes, moral preferences of what should or should not be done becomes irrelevant. While ethical decisions are made every day there are two different regions in which these choices are made.