Ethics and Corporate social responsibility

Question 1

Corporate citizenship

Answer 1

Making a contract between the organization and the society in which it operates because of the factors that influence the societies also influence business operations

Question 2

4 Principles of corporate citizen

Answer 2

Minimize harm
Maximize benefits
Support strong financial results
Be accountable and responsible to key stakeholders

Question 3

Importance of corporate social responsibility

Answer 3

Building the framework for making business decisions in a morally and ethically acceptable manner

Question 4

Criteria of CSP evaluated by employees

Answer 4

Workplace safety and security
The availability of training and development
Extent work diversity

Question 5

Criteria that customers view the organization with

Answer 5

Not selling faulty or unsafe products or service
Offering quality products on a continuous basis
Reasonable pricing policies and practice

Question 6

Forces that shape ethical conduct

Answer 6

Legal
Societal
individual
Organizational

Question 6

Advantages of acting in an ethical manner

Answer 6

Obtaining competitive advantage
Attracting investors
Attracting potential employees and retaining employees

Question 7

Societal norms and culture

Answer 7

What is perceived as ethical in one society may be perceived as unethical in another society

Question 8

Laws and regulations

Answer 8

Laws are simply society’s values and standards that are enforceable in the courts

Question 9

Organizational Practices and culture

Answer 9

Employees need clarity in what the organization regards as ethical and unethical

Question 10

Utilitarian model

Answer 10

Focuses on actions ( behavior) not motives of those actions