W2

Question 1

Core Principles of business

Answer 1

1. Fairness
2. Accountability
3. Transparency
4. Stewardship

Question 2

the state, condition, or quality of being fair, or free from bias or injustice. It also refers to “equal treatment”.

Answer 2

Fairness

Question 3

2 aspects of fairness

Answer 3

Substantive Fairness
Procedural Fairness

Question 4

fair result is one in which people receive what they are due and what they deserve. Unfortunately, there are “no agreed to criteria” to determine what a person really ought to have.

Answer 4

Substantive Fairness

Question 5

“Decisions should be made”, and should appear to be made, cautiously, truthfully, and objectively, with the knowledge that even “a process” of the greatest integrity does not always produce certainty.

Answer 5

Procedural Fairness

Question 6

simply means being “responsible for decisions made” , actions taken, and assignments completed.

Answer 6

Accountability

Question 7

The quality of being done in an “open way without secrets”

Answer 7

Transparency

Question 8

refers to the responsibility that companies have to understand and manage their impacts on the “environment” in any number of ways.

Practicing this can help a business find sustainable practices, improve its status and reputation among clients and consumers and even save funds.

Answer 8

stewardship

Question 9

How to deal with workplace issues

Answer 9

1. Fair notice
2. Impartiality
3. Gather Facts
4. Fair hearing
5. Evaluation

Question 10

refers to the principle that individuals or entities should be adequately informed or notified of the rules, regulations, policies, or actions that may affect them.

Answer 10

Fair notice

Question 11

refers to the quality or state of being fair, unbiased, and neutral in judgment or decision-making, without favoritism or prejudice towards any particular person, group, or interest.

Answer 11

Impartiality

Question 12

Make reasonable efforts to gather facts. Thoroughness without being irrational is important in making sound judgements.

Answer 12

Gather Facts

Question 13

Anyone being accused of sometime should be allowed to tell his/her side of the story.

The “right of confrontation” is a fundamental prerequisite of fairness in personal and business relationships. Anyone should be given the opportunity to explain, clarify, and ask questions, and you must listen with a truly open mind.

Answer 13

Fair hearing

Question 14

Carefully weigh and evaluate all the information by separating facts from opinions and opinions from speculation.

Don’t be afraid to draw reasonable inferences but know when you have done so and the premises on which you base your conclusion.

Answer 14

Evaluation