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Social Responsibility of Business and Business Ethics Test - 6

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Social Responsibility of Business and Business Ethics Test - 6
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  • Question 1
    1 / -0
    Fairness in employment practices centres on.
    Solution

    Fairness in employment practices are followed by-

    Employees, while company leadership adheres to them:

    • Criteria for performance reviews
    • Promotions, raises, or bonuses
    • Disciplinary action
    • Qualification for various benefits

    EQUAL FOOTING

    However, if an employee needs accommodation for a good reason, then that should be taken into consideration. For example, if an employee with a disability requires more time to get to the office because of that disability, it’s likely more fair to make an accommodation for the employee than to dole out discipline for something he or she can’t control, Weinstein says. You have to look at it on a case-by-case basis, he adds.

    VOICE

    Fair companies give employees at every stage an equal chance to be heard–whether it’s allowing them to share great ideas or to air grievances, Kuhar says. Fair companies have systems for employees to address or appeal situations or decisions they feel are not fair.

    CREDIT 

    When employees are recognized for their ideas and contributions, they’re more motivated to participate in a meaningful way, he says. If employees find that they aren’t given the credit due for their work or, worse, someone else takes credit, it can have a demoralizing effect on the team, he says.

    CHAMPIONS

    Whether they’re mentors or good managers, fair workplaces have senior leaders in place who help show others the ropes, correct mistakes appropriately, and work on making the workplace fairer,.

    CARE

    When employees feel like their well-being matters to the company, they’re more likely to feel like they’re treated fairly, he adds.

  • Question 2
    1 / -0
    Which one of the following is not related to Business Ethics?
  • Question 3
    1 / -0
    The ethical issues in finance that companies and employees are confronted with include ___________.
    Solution
    The ethical issues in finance that companies and employees are confronted with include:
     — In accounting – window dressing, misleading financial analysis. 
    — Related party transactions not at arm length
     — Insider trading, securities fraud leading to manipulation of the financial markets.
     — Executive compensation.
     — Bribery, kickbacks, over billing of expenses and facilitation payments.
     — Fake reimbursements. 
  • Question 4
    1 / -0
    Which of the following is a 'business practice' towards Government?
    Solution
    Business practice towards government:-
    1. Rules and regulations regarding taxes.
    2. Follow environmental regulations.
    3. Abide by labor laws.
    4. Avoid restrictive trade practices.
    Hence, option (B) is the correct answer.
  • Question 5
    1 / -0
    Ethics has been received from Greek Word____________.
    Solution
    The term “ethics” is derived from the Greek word “ethos” which refers to character, guiding beliefs.
    standards and ideals that pervade a group, a community or people. The Oxford Dictionary states ethics
    as “the moral principle that governs a person’s behaviour or how an activity is conducted”.
  • Question 6
    1 / -0
    The term 'business ethics' came into common use in year ______.
    Solution
    Since roughly the early $$1970s$$, when the term 'business ethics' came into common use in the United States. Its origin in this sense is found in the academy, in academic writings and meetings, and in the development of a field of academic teaching, research, and publication.
    Hence, option (D) is the correct answer.
  • Question 7
    1 / -0
    Ethics has become the buzzword in the corporate world because of __________.
    Solution
    • Globalization – coupled with focus on cross-border trade, multinational enterprises and global supply chains — is increasingly raising CSR concerns related to human resource management practices, environmental protection, and health and safety, among other things. 
    • Advances in communications technology, such as the Internet, cellular phones and personal digital assistants, are making it easier to track corporate activities and disseminate information about them. Non-governmental organizations now regularly draw attention through their websites to business practices they view as problematic. 
  • Question 8
    1 / -0
    Set of standards of conduct and moral judgments that help to determine right and wrong behavior is called _____________.
    Solution
    Ethics refers to well-founded standards of right and wrong that prescribe what humans ought to do, usually in terms of rights, obligations, benefits to society, fairness, or specific virtues.
    Thus, ethics relates to the standards of conduct and moral judgements that differentiate right from wrong. Ethics is not a natural science but a creation of the human mind. For this reason, it is not absolute and is open to the influence of time, place and situation. 
  • Question 9
    1 / -0
    The end of cold was brought a concept before media and business firms, it was____________.
    Solution
    Business ethical norms reflect the norms of each historical period. As time passed, those norms evolved, and behaviour that was once generally accepted became objectionable. Business ethics and the resulting behaviour evolved as well. Business was involved in slavery, colonialism, and the Cold War. 
    The term 'business ethics' came into common use in the United States in the early 1970s. By the mid-1980s at least 500 courses in business ethics reached 40,000 students, using some twenty textbooks and at least ten casebooks along supported by professional societies, centres and journals of business ethics.
  • Question 10
    1 / -0
    European business schools adopted business ethics after _____ commencing with the European Business Ethics Network (EBEN) in _______ when the first single-authored books in the field appeared.
    Solution
    The term 'business ethics' came into common use in the United States in the early $$1970s$$. By the mid-$$1980s$$ at least $$500$$ courses in business ethics reached $$40,000$$ students, using some twenty textbooks and at least ten casebooks along supported by professional societies, centers and journals of business ethics. The Society for Business Ethics was started in $$1980.$$ European business schools adopted business ethics after $$1987$$ commencing with the European Business Ethics Network $$(EBEN)$$. In $$1982$$ the first single-authored books in the field appeared. 
    Hence, option (A) is the correct answer.
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