Unit 1 Week 1
Question 1 (1 point)
When marketers focus on trading things of value, they are referring to:
Question 1 options:
creating value
promotional offers designed to stimulate barter
price charged adjusted for currency rates
location where products and services are traded
the exchange process
Question 2 (1 point)
Charles had developed a new piece of machinery that is easily configurable to the manufacturers changing specifications. His product is superior to anything that exists on the market. Which of the following decisions is NOT one of the key marketing decisions (4 P's) he will have to make?
Question 2 options:
What price to charge?
How the machinery will be promoted?
How often competitors machinery typically fails?
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Question 11 (1 point) Walter is the new General Manager for a small accounting firm, he expects everyone to adhere to the highest ethical standards. He was surprised when he found the firm did not have a formal code of ethics, but he did find a set of values, the basic starting point for creating a _________________.
Question 11 options:
social commitment
contract
business ethics bonus
ethical retreat seminar
strong ethical climate
Question 12 (1 point) A system of controls that rewards appropriate behavior and punishes inappropriate behavior is important to most organizations. This type of system is implemented in order to support a climate of values and ethics. But before the rules are in place there must be:
Question 12 options:
weekly reminder seminars to enforce guidelines.
a Web site where employees can vent their frustration over lapses in ethical behavior.
commitment from customers to accept these rules.
a vendor screening process to ensure every firm in the value chain acts ethically.
a section on values and ethics included in the mission statement and a set of explicit rules in the company's employee handbook.
Question 13 (1 point) Firms that are more socially responsible tend to:
Question 13 options:
make greater utilization of business development consultants.
offer more goods and services than firms without strong ethical climates.
invest more in sales training software.
have lower profit
Robert Audi (2008) gives a 5 step model for handling ethical issues facing businesses. The 5 step model entails the following concepts: classifying the case in terms of applicable obligations, identifying conflicts, assessing the weight of obligations, selecting ethically viable options, and deciding on an option
Ethics: the company conducts business honorably and honestly and expects supplies and clients to do the same.
Ethics, in business, refers to moral principles and standards that define acceptable behavior in the world of business. Ethical decisions foster trust among individuals and in business relationships. Recognizing ethical issues is important in the workplace. An ethical issue is an identifiable problem requiring a person or organization to choose from among several actions that may be evaluated as ethical or unethical. When you’re determining is a situation is ethical or not, there are three factors to take into consideration. Individual factors, organizational factors, and opportunity. Individual factors are sets of principles that describe what a person believes are the right way to behave. Organizational factors include the influence of managers, coworkers, and the work group. Opportunity is a set of conditions that punish unfavorable behavior or reward favorable behavior. “Target thrives on competing to win in the marketplace. We compete and negotiate actively, but always with integrity. Taking advantage of anyone by manipulating or concealing
I and two other individuals have agreed to start a business that will provide management consulting services to nonprofit organizations. Because of the increased scrutiny on actions of corporations and those who act on behalf of organizations, we have determined that it would be essential to have our ethics program developed before we start offering our services. A business as a moral agent must prove that it has an effective ethics program to protect employees, the corporation, and businesses that the company will serve. It is also important to have an ethics program to support the ethical values of our corporation and to make it clear to employees what is acceptable behavior, and to make clear what policies and standards are to be
Healthcare organizations have a moral and social responsibility to ensure that their communications are conducted using an outlined code of ethics. Whether the communication is an internal message to employees or mission outreach in the community, it must reflect the values and beliefs of the organization. Therefore, in order to establish and maintain the standard of ethical behavior and social responsibility, our organization requires all employees to complete new employee orientation sessions that define the policies and expectations. This orientation introduces our mission and values and it develops the foundation for our success as an organization. Our focus on encouraging and communicating ethical practices helps to reinforce our values to employees and the community. Furthermore, there should be a process in place that monitors and enforces the policies to safeguard against potential errors that would reflect poorly on the organization’s mission.
CIPA applies to any school or library that receives funding from the U.S. E-Rate program. The Federal Communications Commission (FCC) sponsors the E-Rate program. It provides discounts for Internet access. Schools and libraries are not required to use the E-Rate program. However, if they choose to take advantage of the discounts, they are governed by CIPA. The annual E-Rate application requires schools and libraries to certify they are complying with CIPA.
1. In the U.S. current account, most of the trade deficit results from an excess of imported
Describe systems for detecting and addressing breaches of ethical behaviors, such as honor codes and disciplinary systems to manage inappropriate
1. Explain marketing theory in relation to the 4 P’s. Explain the factors that would affect how Britvic might decide on their choice of each of these items.
When face with major problems and dilemmas within the company, management look to the standards of ethical conduct for guidance. Code of Ethics is the backbone to any organization or corporation. When a possible violation has accrued one has to ask three questions. Will my actions be fair, would I be please with the decision that I make, and can others learn from my actions. Code of Ethics is define as a written set of guidelines issued by an organization to its workers and management to help them conduct their actions in accordance with its primary values and ethical standards (businessdictionary, 2011). For my paper
The enactment of SOX led to the selection of a steadfast individual to develop ethics policies and techniques and display ethical conduct. This individual performs as the point-person for the corporation’s ethical presentation and is accountable for code training and enforcement, comprising full and unbiased investigation of ethics hotline grievances. This person is me, and my assignment is to develop and implement code of conduct policies to cover the issues that I have encountered during my work with them.
This past year has seen an increased scrutiny on the actions of corporations, and those who act on behalf of organizations. Because of this there has been an increased attention placed on ethical situations within our organization. Company X is focused on increasing ethics and compliance awareness. A formal ethics programs will be addressed throughout the details of this ethics program. This document will go into detail regarding what actions are appropriate for work and what is not.
Documentations that state significant philosophical principles and make clear the values depicted within an organisation are known as ethical codes. For these codes to be considered effective they are required to be able to define the responsibilities of an organisation to stakeholders, the conduct expected of employees (Kaptein & Wempe, 2002) and articulate the ethical parameters of the organization as to what is acceptable and what is not (Stevens, 1994). While behaviour of course, refers to the ethical behaviour of individuals in organizations. Employee behaviours are purposely designed to be affected by codes, regardless of the extent of the script. As much as codes are used to enhance social responsibility and explain the norms and
How does a company know how to balance a business that is both profitable and ethical? A great place to start is with leadership should having self-awareness and social-awareness. At times a company may put greed before addressing ethical issues. Therefore, understanding the emotions, attitudes, and the employees’ job satisfaction should play a major role in the company’s decision making. Trader Joe’s (2015) is a chain specialty food convenient store that was started in the 50s, and that due to employee job satisfaction, they had to make several necessary changes within the company. Trader Joe’s had to make these changes because employees impact the business, and meeting their needs will lead to a more successful company.
Business ethics, social, and environmental guidelines frame the expectations of an organization's stakeholders including customers, employees, and regulatory bodies. An organization's ethical guidelines encompass how the organization and its employees embody ethical principles in their dealings, with each other, and other stakeholders. Therefore, Ferrell, Fraedrich, and Farrell (2008) have defined Business ethics as "The principles and standards that guide behavior in the world of business" (p.6). In many situations, individuals must incorporate their personal ethics to match those of the organization's ethical culture. For this reason, business ethics theory indicates that an organization's ethics are evident in its organizational mission and vision (Hummels & Timmer, 2004). This is because the mission and vision determine organizational structure and culture, and thereby organizational and individual behavior.