WEEK 6

Question 1

behavior or ethics are a set
of standards that govern the conduct of a person, especially a member of a
profession.

Answer 1

Ethical

Question 2

behavior follows the laws, which
may change over time.

Answer 2

Legal

Question 3

refers to contemporary standards or values that govern the actions and behavior of individuals in the
business organization and the
actions of the business as a whole

Answer 3

Business Ethics

Question 4

begins by setting out the values that underpin the code that
describes a company’s obligation to its stakeholders.

Answer 4

Corporate Code of Ethics

Question 5

is adopted by a profession or a government or nongovernmental
organization to regulate that profession.

Answer 5

Code of Practice

Question 6

is the act of giving money, goods, or other forms of compensation to a recipient in exchange for an alteration of their behavior (to the benefit/interest of the giver) that the recipient would otherwise not alter.

Answer 6

Bribery

Question 7

is a form of negotiated bribery in which a commission is paid to the bribe-taker in exchange for services rendered.

Answer 7

Kickback

Question 8

is an ethical challenge that occurs when an individual or organization is involved in multiple interests that are at odds with one another.

Answer 8

Conflict of Interest

Question 9

4 Types of Conflict of Interest

Answer 9

• Self-Dealing
• Outside Employment
• Family Interest
• Gift from Friends

Question 10

in which an official who controls an organization causes it to enter into a transaction with the official, or with another organization that benefits the official, i.e., the official is on both sides of the “deal.”

Answer 10

Self-dealing

Question 11

in which the interests of one job contradict another.

Answer 11

Outside Employment

Question 12

in which a spouse, child, or other close relative is employed (or applies for employment) or where goods or services are purchased from such a relative or a firm controlled
by a relative. Abuse of this type of conflict of interest is called nepotism.

Answer 12

Family Interest

Question 13

who also do business with the person receiving the gifts (may include non-tangible things of value such as transportation and lodging).

Answer 13

Gift from Friends

Question 14

is a person who exposes
information or activity that is deemed illegal, unethical, or incorrect within an organization that is either public or private.

Answer 14

Whistleblower

Question 15

is the ethical role of the corporation in society and environment. It refers to actions that businesses take or refrain from taking based on the impact of those actions on the external environment and
community

Answer 15

Corporate Social Responsibility

Question 16

3 P’s of Business Sustainability (by Julie Fraser’s)

Answer 16

• Profit
• Planet
• People

Question 17

Examples of Corporate Social Responsibility

Answer 17

• Corporate Philanthropy
• Cause-related Marketing
• Sustainability

Question 18

a corporation’s gifts to charitable organizations.

Answer 18

Corporate Philanthropy

Question 19

corporations associating the sales of its product to a program of
donations or support for a charitable or civic organization.

Answer 19

Cause-related Marketing

Question 20

a concept derived from environmentalism; it originally referred to the ability
of a society to or company to continue to operate without compromising the planet’s
environmental condition in the future.

Answer 20

Sustainability

Question 21

refers to corporations that exaggerate or misstate the impact of their environmental actions or promote products as being “eco-friendly” when in fact they’re not.

Answer 21

Greenwashing