Why is a code of ethics important? What should be included in a firm's code of ethics?
What will be an ideal response?
Question 2According to research studies, unethical companies financially outperform ethical companies, although ethical companies are more successful with recruiting.
Indicate whether this statement is true or false.
Question 3A code of ethics establishes the rules that organization lives by and becomes part of the organization's corporate culture.
Indicate whether this statement is true or false.
Question 4Which quality is emphasized more than in the past for the Baldrige National Quality Award?
A) interpersonal skills
B) leadership ethics
C) personal motivation
D) community service
Question 5Riley Manufacturing recently developed a code of ethics. Which of the following topics is most likely covered in the document?
A) business conduct
B) fair competition
C) HR issues
D) all of the above
Question 6At Tyson Foods, Lily serves as the point person who guides everyone in the firm towards ethical actions. Lily most likely serves as the firm's ________.
A) chief financial officer
B) HR manager
C) ethics officer
D) safety officer
Question 7Which law prohibits bribes of foreign government officials or business executives?
A) Federal and Foreign Bribery Act
B) Foreign Corrupt Practices Act
C) Corruption Practices Act
D) Sarbanes-Oxley Act
Question 8According to Walmart's code of ethics, Edward, an employee in the sales department, cannot accept gifts from suppliers because such actions would be a ________.
A) conflict of interest
B) double standard
C) regulatory breach
D) discriminatory act
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