Global ch4

Question 1

what is ethics

Answer 1

Accepted principles or right or wrong that govern the conduct of a person, members of profession, and actions of a organization

Question 2

business ethics

Answer 2

accepted principles of right or wrong governing conduct of business in work place

Question 3

ethic strategy

Answer 3

strategy/ course of action that does not violate accepted principles

Question 4

range for business decisions?

which are under social responsibility?

Answer 4

Economic = must do 
Legal= have to do 
ethical= should do (social responsibility) 
discretionary= might do (social responsibility)

Question 5

where do most ethical issues come from?

Answer 5

political systems, law, economic development, and cultural vary significantly

Question 6

ethics effected by political environment

Answer 6

ability to be competitive exports depends on the perceptions of international customers

Question 7

5 different environments effected by ethics

Answer 7

political 
socio- cultural 
technological 
economic 
competitive

Question 8

Foreign corrupt practices act

Answer 8

outlawed practice of paying bribes to foreign government officials in order to gain business
convention on combating bribery of foreign public officials in International business transactions, adopted by the organization for economic cooperation and development (OECD)

Question 9

Ethics in changing socio- cultural environment

Answer 9

what is considered normal in one culture may not be accepted in another.
Grease money can actually improve efficiency and help growth

Question 10

ethics related to human rights aka what are the freedoms

Answer 10

freedom of….association
speech
assembly
movement

Question 11

changes in the technological environment

Answer 11

advances in communication technology and competitiveness of news media.
developments in media can cause ethical issues because it is used by millions of people around the world

Question 12

ethics in changing competitive environment

Answer 12

employment practises –> employees data collection

outsourcing –> firing local employees for international

Question 13

how to gaurd agaisnt ethical abuses

Answer 13

establish minimal acceptable standards for basic human rights, audit foreign subsidiaries and regularly ensure they are meeting standards, take corrective action as necessary

Question 14

5 reasons managers behave unethically

Answer 14

1. personal ethics
2. decision making processes
3. organizational culture
4. unrealistic performance
5. leadership