Question 26. Spotlight on Ethics in Chapter 4 recommends that when challenging

26. Spotlight on Ethics in Chapter 4 recommends that when challenging your boss on ethical issues you do not demand a resolution on the spot.

27. The NEW MANAGER SELF-TEST in Chapter 4 suggests that orienting new people, even though it is not required, often reflects a person’s level of moral development.

28. Social responsibility is management’s obligation to make choices and take actions that will contribute to the welfare and interests of society as well as the organization.

29. Social responsibility covers a narrow range of issues, many of which are unambiguous with respect to right or wrong.

30. Important stakeholders in corporations include the government and the community.

31. A stakeholder is any group within or outside the organization that has a stake in the organization’s performance.

32. All stakeholders of an organization are its stockholders but not all stockholders are its stakeholders.

33. Special interest groups include trade associations, political action committees and consumerists.

34. Economic development that generates wealth and meets the needs of the current population while preserving the environment for the needs of future generations refers to sustainability.

35. Economic, legal, ethical, and discretionary responsibilities are the four areas of social responsibility which can be used to evaluate corporate social performance.

36. Economic responsibility defines what society deems as important with respect to appropriate corporate behavior.

37. Ethical responsibility includes behaviors that are not necessarily codified into law and may not serve the corporation’s direct economic interests.

38. Ethical behavior occurs when decisions enable an individual or company to gain at the expense of society.

39. Unfortunately, discretionary responsibility is involuntary and is mandated by economics, law, or ethics.

40. A formal statement of the organization’s values regarding moral principles and governing its response to social values is called a code of ethics.

41. Principle-based statements define fundamental values and contain general language about company responsibilities, quality of products, and treatment of employees.

42. Policy-based statements generally outline the procedure to be used in specific ethical situations.

43. One of the newest positions in organizations is the chief operating officer, a response to widespread financial wrongdoing in recent years.

44. A group of executives appointed to oversee company ethics is an ethics committee.

45. A chief ethics officer is a company executive who oversees all aspects of ethics and legal compliance.

46. Ethics training programs are not an important supplement as long as a well-written code of ethics exists.

47. The disclosure by an employee of illegal, immoral, or illegitimate practices by the organization is called whistle-blowing.

Our website has a team of professional writers who can help you write any of your homework. They will write your papers from scratch. We also have a team of editors just to make sure all papers are of HIGH QUALITY & PLAGIARISM FREE. To make an Order you only need to click Ask A Question and we will direct you to our Order Page at WriteDemy. Then fill Our Order Form with all your assignment instructions. Select your deadline and pay for your paper. You will get it few hours before your set deadline.