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BESR > MASTERY TEST > Flashcards

MASTERY TEST Flashcards

1
Q

defined as the practice of what is
morally and ethically right in the
conduct of business in the
workplace

A

Business Ethics

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2
Q

DOING WHAT IS RIGHT

A

Business Ethics

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3
Q

all members of the business
should practice ethical standards
that would morally uphold the
organization and sustain its
credibility at all times

A

Business Ethics

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4
Q

Level of Business Ethics

A
  • Macro
  • Corporate
  • Individual
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5
Q

represents the business operations bound by virtues and norms of society

A

Macro

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6
Q

Business owners and managers must be aware of how these
pressures affect operations and relationships, and how they may
impact on markets locally, nationally and internationally

A

Macro

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7
Q

represents how each company interprets the rules and
standards of the industry.

A

Corporate

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8
Q

corporate ethics Is related to the implementation of corporate
strategies

A

Corporate

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9
Q

Business ethics can help the company respond to changing
pressures effectively

A

Corporate

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10
Q

can help the company respond to changing
pressures effectively

A

Business ethics

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11
Q

__________AND _________ must be aware of how these
pressures affect operations and relationships, and how they may
impact on markets locally, nationally and internationally

A

Business owners and managers

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12
Q

Is related to the implementation of corporate
strategies

A

CORPORATE ETHICS

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13
Q

is the employee’s own moral principles that guide his/her own
life

A

Individual

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14
Q

when an employee enters an organization, he/she has to
reconcile his/her own personal convitions on ethics with the
organization’s moral and ethical standards.

A

Individual

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15
Q

Form of Business Organizations

A
  • Sole Proprietorship
  • Partnership
  • Corporation
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16
Q

Role of Business in
Society

A
  • Businessmen
  • Business owners
17
Q

are also responsible to maintain a
conducive and ideal place of work where employees spend
most of their waking hour

A

Businessmen

18
Q

are also responsible to maintain a
conducive and ideal place of work where employees spend
most of their waking hour

A

Business owners

19
Q

Key Takeaways

Business DOES NOT
ONLY serve cutomers
but also the

A
  • stakeholders
  • employees
  • suppliers
  • distributors
  • investors
  • society where it operates
20
Q

provide the ethical standards in the workplace. helps establish credibility and good image in the organization. attracts customers and applicants

A

BUSINESS ETHICS

21
Q

CORE PRINCIPLES OF BUSINESS ETHICS

A

THERE ARE 12 PRINCIPLES THAT GOVERN BUSINESS ETHICS:

  • honesty
  • integrity
  • keeping promises
  • loyalty
  • fairness
  • caring
  • obedience to the law
  • excellence
  • respect
  • being a leader
  • morale
  • accountability
22
Q

UNETHICAL BUSINESS PRACTICES

A
  • Accounting Manipulations
  • Overbilling
  • Misleading Advertisements
  • Making False Claims
  • Customer Service Failures
  • Layoff and High Executive Compensation
  • Poor-Quality Material
23
Q

GOOD POLICIES & ETHICAL PRACTICES IN BUSINESS ORGANIZATIONS

A
  • Business Organizations should comply with reportial requirements mandated by government agencies for ethical practices.
  • Practice proper office decorum.
  • Be sensitive to smells and scents which may be unpleasant to the employees.
  • Company property are for business purposes and not for personal use.
  • Employees should always act in the best interest of their employers.
  • All financial and accounting records should be accurate, reliable, and truthful.
24
Q

COMPONENTS OF A CODE OF ETHICS

A
  • Values
  • Principles
  • Management Support
  • Personal Responsibility
  • Compliance
25
Q

EXAMPLES CONTENTS OF A CODE OF ETHICS

A
  • Ayala Corporation
  • Uniliver
26
Q

Guide organization’s internal conduct and its relationship with its stakeholders/

A

Values

27
Q

Support the values of the organizations, the employees should live with during their stay in the company.

A

Principles

28
Q

Management is serious in considering the code as the bible of the employees in terms of ethics.

A

Management Support

29
Q

is serious in considering the code as the bible of the employees in terms of ethics.

A

Management

30
Q

Any member of the organization should uphold and preserve the code of ethics.

A

Personal Responsibility

31
Q

All legal requirements of the code must be met.

A

Compliance

BESR (2 decks)

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