7) What is collusion?
Answer: Collusion occurs when two or more firms agree to collaborate on such wrongful acts as price fixing; price fixing occurs when firms illegally control supplies and prices of products.
8) What is whistle-blowing?
Answer: Whistle-blowing occurs when employees report unethical acts by their employers to outside regulatory agencies or to the media.
9) What is ethical behavior?
Answer: Ethical behavior is behavior that conforms to individual beliefs and social norms
about what is right and good. Unethical behavior is behavior that individual beliefs and social norms define as being wrong and bad.
10) How can companies promote ethical behavior?
interesting怎么读Answer: The single most effective step that a company can take to encourage ethical behavior is to demonstrate upper-management support. Companies can formalize this commitment through written codes of ethics and ethics training programs.
4) How are social responsibility and ethics related?
Answer: Ethics affect individual behavior in the workplace. Social responsibility is a related concept, but it refers to the overall way in which a business attempts to balance its commitments to relevant groups and individuals in its social environment.
11) What is the difference between ethics and social responsibility?
Answer: Ethics are beliefs about what is right and wrong or good and bad. Ethics affect i
ndividual behavior in the workplace. Social responsibility refers to the way in which a business tries to balance its commitments to groups and individuals in its social environment.
12) When defining its n of social responsibility, a firm typically confronts what areas of concern?
Answer: A firm typically confronts and has social responsibility for the following five areas: its customers, its employees, its investors, its suppliers, and local communities.
13) Identify at least two issues of ethics in advertising.
Answer: Answers will vary but may include (1) controversies surrounding the potential misinterpretation of words and phras such as light, reduced calorie, diet, and low fat; (2) misleading advertising; and (3) advertising of morally objectionable products.
14) What will a social audit reveal?
Answer: A social audit will confirm the success of a company's intended social program; the audit will determine whether a company fell short on its social intentions.
15) How do issues of social responsibility and ethics affect small business?
Answer: Small business must address more or less the same issues as big business differences are primarily differences of scale.
16) Describe the three-step model for applying ethical judgments.dreamland
Answer: The three-step model includes (1) gathering the relevant factual information; (2) determining the most appropriate moral values; and (3) making an ethical judgment bad on the rightness or wrongness of the propod activity or policy.
17) Describe the four ethical norms.
Answer: The norm of utility considers whether an act optimizes the benefits to tho who are affected by it. The norm of rights considers whether an act respects the rights of the i
ndividuals involved. The norm of justice considers whether the act is consistent with what is fair. The norm of caring considers whether the act is consistent with people's responsibility to each other.
18) What are two of the most common approaches to formalizing top management commitment to ethical business practices?
Answer: Two of the most common approaches are the adopting of written codes of ethics and instituting ethics programs. farnell
