Chapter 1 Business Ethics - 2294 Words

chapter 1 BUSINESS ETHICS, THE CHANGING ENVIRONMENT, AND STAKEHOLDER MANAGEMENT |TOPICS COVERED | 1.1 Business Ethics and the Changing Environment 1.2 WHAT IS BUSINESS ETHICS? WHY DOES IT MATTER? 1.3 LEVELS OF BUSINESS ETHICS 1.4 FIVE MYTHS ABOUT BUSINESS ETHICS 1.5 WHY USE ETHICAL REASONING IN BUSINESS? 1.6 CAN BUSINESS ETHICS BE TAUGHT AND TRAINED? 1.7 PLAN OF THE BOOK |lecture outline | 1.1 Business Ethics and the Changing Environment Businesses and governments†¦show more content†¦b. the most frequent types of misconduct observed are abusive or intimidating behavior (21%), misreporting hours worked (20%), lying (19%), and withholding needed information (18%). c. employees in organizations undergoing merger, acquisition, or restructuring observe misconduct and feel pressure at nearly double the rate of those in more stable organizations. d. younger managers with low tenure in their organizations are twice as likely to feel pressure to compromise ethics standards. e. nearly half of all non-management employees do not report misconduct they observe. f. younger employees with low tenure are among the least likely to report misconduct. g. less than 58% of employees who report misconduct are satisfied with their organization’s response. h. senior and middle managers have less fear of reporting misconduct, are more satisfied with the response of their organizations, and feel that honest and respect are practiced more frequently than do lower level employees. B. Unethical Business Practices by Industry 1. One survey showed that the most unethical behavior happens in the following areas, beginning with the industry that has the most instances of unethical behavior: a. government b. sales c. law d. media e. finance f. medicine g. banking h. manufacturing 2. EthicalShow MoreRelatedChapter 1—the Importance of Business Ethics Test Banks Essay2309 Words   |  10 Pages------------------------------------------------- Chapter 1—The Importance of Business Ethics MULTIPLE CHOICE 1. Principles are a. | laws and regulations that guide behavior in the world of business. | b. | mores, values, and customs that guide behavior in general. | c. | specific and pervasive boundaries for behavior that are universal and absolute. | d. | the obligations businesses assume to maximize their positive impact and minimize their negative impact on stakeholders. | Read MoreChapter 1 Managerial Accounting, the Business Organization, and Professional Ethics7756 Words   |  32 PagesCHAPTER 1 COVERAGE OF LEARNING OBJECTIVES | |FUNDA- |CRITICAL THINKING | |CASES, EXCEL, | | |MENTAL |EXERCISES AND EXERCISES| |COLLAB., INTERNET | | |ASSIGN-MENT | | |EXERCISES | | Read MoreLWC1 Study Guide1467 Words   |  6 Pagesprepare for the exam. ETHICAL ISSUES IN BUSINESS: Chapters 1-4 For each of the chapters do the following: Look up the answers to the questions asked below. Answer the end of chapter question (there are only a few) and check your answers. Complete the interactive quizzes in the COS—make sure to write down the ones you miss so that you can focus on specific topics. Chapter 1: 1. How would you define â€Å"business ethics†? 2. How has â€Å"business ethics† developed over time? 3. What is involvedRead MoreThe Professional Codes Of Ethics805 Words   |  4 Pagesto â€Å"Chapter 1† in the professional codes of ethics section, there are different helping profession and each one has their guidelines of ethics to follow. It’s a good thing to want to help people and to work in the helping profession, but to help minimize the damage that could occur there are professional codes of ethics and laws put in place. Summary The focus of â€Å"Chapter 1† consisted of helping practitioners learn professional ethics which was pointed out on the first page of the chapter. ThisRead MoreInformation technology for managers1289 Words   |  6 PagesDan Seiter, Mary Pat Shaffer Editorial Assistant: Bryn Lathrop Marketing Manager: Bryant Chrzan Marketing Coordinator: Suellen Ruttkay For product information and technology assistance, contact us at Cengage Learning Academic Resource Center, 1-800-354-9706 For permission to use material from this text or product, submit all requests online at www.cengage.com/permissions Further permission questions can be emailed to permissionrequest@cengage.com Content Product Manager: Heather Furrow Read MoreInternational Business : The Challenges Of Globalization963 Words   |  4 Pagesan international business market. In International Business: The Challenges of Globalization, I interested in PART 5 Chapter 2 Cross-Cultural Business. In my pervious business ethic course I learned a chapter about foreign assignment which an employee works in a foreign country and have a cultural issue. And in that course I did a research paper about foreign culture so I think these chapter is familiar with that case. Here I will explain in detail why I interested in this chapter and why it is importantRead MoreCorporate Social Responsibility and Single Strongest Argument1106 Words   |  5 Pagesfactors in the social environment that create an atmosphere in which business criticism takes place and prospers. dasdasdassadasdasdadadasdadsdadasdasdassssssssssssssssssssss- ssssssssssssssssssssssssssssssssssssssssssssssssssssssssssss- ssssssssssssssssssssssscourse? Or is it still a vital reality? 4. Give an example of each of the four levels of power discussed in this chapter. Also, give an example of each of the spheres of business power. 5. Explain in your own words the Iron Law of ResponsibilityRead MoreBusiness 115 Final Exam Study Guide Essay1334 Words   |  6 Pageseach essay question should answer the question completely and average 2 – 3 paragraphs in length. The exam reflects the following course objectives and possible topics: TCO 1 Chapters 1, 2, 3, 5, 6, 13 and 15 Weeks 1, 2, 4 and 5 Given a description of a typical business, demonstrate how that business acts within our economic system to achieve its goals as well as those of society, along with an understanding of how the future may impact these goals. * Understand theRead MoreCase: 9 Enron928 Words   |  4 PagesCase 9: Enron; Questionable Accounting Leads to Collapse Bruce Smith Minnesota School of Business BS430 Business Ethics MR. Morris November 25, 2012 1. 2. 1. How did the corporate culture of Enron contribute to its bankruptcy? Effective leaders are good at getting followers to their common goals or objectives in the most effective and efficient way; unfortunately for Enron, in the end Ken Lay and Jeffery skilling were too focused on profits that nothing else mattered. In the