Module 6 Business Ethics & Social Responsibility

Question 1

the set of moral principles by which people conduct themselves personally, socially, or professionally.

Answer 1

Ethics

Question 2

A set of laws about how a business should conduct itself.

Answer 2

Business Ethics

Question 3

‘Everything is mind; The universal is mental’. Your entire reality is a manifestation of your own mind. What you think, is what you become.

Answer 3

The Law of Mentalism

Question 4

As above, so below. There is no separation since everything in the universe is connected. Everything originates from the same One True Source.

Answer 4

The Law of Correspondence

Question 5

‘Nothing rests, everything moves, and everything vibrates’. Everything is energy, including about you. And when you learn how to apply it, you will learn what true freedom means.

Answer 5

The Law of Vibration

Question 6

These are laws you can learn to rise above. There are two sides to everything, or two extreme ends of the same spectrum.

Answer 6

The Law of Polarity

Question 7

Everything flows, everything has its tides, all things rise and fall, what goes up must come down, rhythm compensates.

Answer 7

The Law of Rhythm

Question 8

Every cause has an effect, every effect has its cause, and every action has it’s reaction.

Answer 8

The Law of Cause and Effect

Question 9

Gender is in everything, everything has its masculine and feminine aspects. To be a complete being, one must balance the expression of their masculine and feminine qualities.

Answer 9

The Law of Gender

Question 10

In order for any business to be successful, it must operate legally and humanely operate legally and humanely.

Answer 10

Legal Responsibility

Question 11

The US government has independent agencies to protect society.

Answer 11

Legal Responsibility

Question 12

OSHA – a department of Labor sets and enforces work-related health and safety rules.

Answer 12

Legal Responsibility

Question 13

Independent agencies protect consumers, monitor broadcast communications, and address discrimination in the workplace.

Answer 13

Legal Responsibility

Question 14

Businesses that fail to follow laws are subject to fines, lawsuits, and new regulations.

Answer 14

Legal Responsibility

Question 15

A set of strict guidelines for maintaining for ethics in the workplace. Can cover everything from employee behavior to environmental safety. Professional groups have their own________Examples: Doctors & Lawyers.

Answer 15

Code Of Ethics

Question 16

are more than something you should do as a business owner, they are required by law when any company collects private information.

Answer 16

Confidentiality and Privacy Policies

Question 17

Your company may have a dress code or dress policy. What a person wears is part of the value-based code of ethics section.

Answer 17

Professional Appearance Policies

Question 18

It is promoting green and environmentally sounds business practices. The company could require that all products follow environmental standards for people and the environment.

Answer 18

Promoting Green Business Practices

Question 19

Your company could establish, that employees conduct business in a caring and considerate manner.

Answer 19

Caring and Consideration Policies

Question 20

Unethical business practices affect your business.

Answer 20

Ethics as Good Business

Question 21

Violation of government regulations may incur fines or jail time

Answer 21

Ethics as Good Business

Question 22

Violation of a companies s code of ethics might get you fired or you may or you may lose your license

Answer 22

Ethics as Good Business

Question 23

Cheating customers or poor customer service impacts business by repeat customers

Answer 23

Ethics as Good Business

Question 24

Treating employees poorly results in loss of work and time wasted training new employees.

Answer 24

Ethics as Good Business

Question 25

is the duty to do what is best for the good of society.

Answer 25

Social Responsibility

Question 26

The _________ of business takes into consideration all that businesses to problems of society

Answer 26

Social Responsibility

Question 27

Businesses have a ethical obligation to provide safe products, create jobs, protect the environment, and contribute to the overall standard of living in society

Answer 27

Social Responsibility

Question 28

An ethical question in business occurs whenever there’s a conflict of interest.

Answer 28

Social Responsibility

Question 29

Customers are a business’s FIRST responsibility.

Answer 29

Responsibility To Customers

Question 30

Businesses should offer a good, safe product or service at a reasonable price.

Answer 30

Responsibility To Customers

Question 31

The Food & Drug Administration (FDA) protects consumers from dangerous or falsely advertised products.

Answer 31

Responsibility To Customers

Question 32

Businesses have a social responsibility to create jobs.

Answer 32

Responsibility To Employees

Question 33

Businesses encourage volunteerism to tackle societal problems.

Answer 33

Responsibility To Employees

Question 34

Businesses provide work experience for people who haven’t been successful in the workplace. (job placement programs)

Answer 34

Responsibility To Employees

Question 35

The government has also passed laws to protect workers in the workplace. Example: Equal Pay in the Workplace Act & Disabilities Act

Answer 35

Responsibility To Employees

Question 36

Businesses have environmental responsibility.

Answer 36

Responsibility To Society

Question 37

The Environmental Protection Agency(EPA) enforces rules that protect the environment and control pollution.

Answer 37

Responsibility To Society

Question 38

More businesses today consider their social responsibility to be more important than ever.

Answer 38

Responsibility To Society