Unit 2 - Module 1 & 2: Ethics

Question 1

When the law and personal or organizational ethics are in accordance with each other..

Answer 1

Legal-ethical

Question 2

Dilemma in which established laws are not in accordance or do not uphold the ethical choice

Answer 2

Legal-unethical

Question 3

Dilemma in which the ethical choice would be in violation of established laws.

Answer 3

Illegal-ethical

Question 4

Illegal-ethical conflict in which U.S. government officials leaked top secret papers to inform the public about government actions during the Vietnam War

Answer 4

Pentagon Papers Case

Question 5

The organizational code of ethics that governs responsible and respectful behavior at WGU

Answer 5

WGU Code of Student Ethics

Question 6

Philosophy in which a company voluntarily engages in actions that benefit society at large.

Answer 6

Corporate Social Responsibility

Question 7

Institution that functions to govern global trade by overseeing trade agreements between nations.

Answer 7

World Trade Organization (WTO)

Question 8

What is the strategic value of CSR?

Answer 8

To increase profits and trust in the long-term while promoting positive community relations.

Question 9

Establishes an organizations key values and descibes the company’s obilgation to its stakeholders.

Answer 9

Code of Ethics

Question 10

When a company’s ethical statements run contrary to actual practices.

Answer 10

Greenwashing

Question 11

The ability of all individuals in an organization to exist in a system of openness, communication, and accountability

Answer 11

Internal Transparency

Question 12

Law that mandates reporting transparency in finance / accounting to supply chain activities. Makes it unethical and illegal to deceive shareholders, creditors, and the public at large.

Answer 12

Sarbanes-Oxley Act (SOX)

Question 13

Those who tell the public or the authorities about alleged misconduct in a government department, private company, or organization

Answer 13

Whistleblowers

Question 14

What does GAAP stand for?

Answer 14

Generally Accepted Accounting Practices

Question 15

A large manufacturer of ice cream products has a core value of “making the world a better place.” However, it was discovered that the manufacturer sourced their main raw ingredient from a company that used practices considered detrimental to the well-being of animals.
Which situation is occurring with this discrepancy?

Answer 15

Greenwashing

Question 16

The top management of a publicly traded company has been cited for violation of the transparency standards with respect to their financial and accounting reporting practices.
Which law has this company violated?

Answer 16

Sarbanes-Oxley Act (SOX)

Question 17

A group of employees discovered alleged misconduct by senior managers of their company and leaked information about the situation to the press and general public.
What is term for this group of employees?

Answer 17

Whistleblowers

Question 18

The top management of a company implemented a policy in which all employees can attend the board meetings so they can be present when important decisions are made.
Which practice is being followed by this company?

Answer 18

Internal Transparency