Slides (34)
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Page 1 - BUS 240 - Chapter 5 Ethics.pptx
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What words come to mind when you think of business ethics?
1. Right v wrong
2. Morals
3. Dependably
4. Hard working
5. Integrity
6. morals
7. transparency
8. accountability
9. Morals
10. Morals
11. Morals
12. Morals
13. Honesty
14. Right vs wrong
15. Fair
16. Morals
17. Integrity
18. Standard
19. Deals
20. Moral
21. Honesty
22. Moral
23. Safety
24. Good decision making
25. Trust
26. Honesty
27. morals
28. reliability
29. responsibility
30. Leadership
31. Management
32. Profit
33. Business
34. Decision making
35. Morals
36. Integrity
37. Accountability
38. Dependable
39. Accountability
40. Right vs wrong
41. Morals
42. teamwork
43. morals
44. honesty
45. Sustainable
46. Safety
47. Respect
48. Morals
49. Honesty
50. Accountability
51. Professional
52. Moral
53. Employees
54. Legal
55. Morals
56. Principles
57. Conduct
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Page 2 - BUS 240 - Chapter 5 Ethics.pptx
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Which of the following best describes business ethics?
1. Integrating moral values into business decisions and practices
2. Avoiding all potentially controversial actions
3. Maximizing shareholder returns above all else
4. Strictly adhering to industry regulations
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Product Defect and Recall Decision
1. Do nothing and handle individual complaints on a case-by-case basis to minimize costs and avoid a public relations crisis.
2. Release a software update that reduces batter performance to prevent overheating, without publicly disclosing the defect.
3. Issue a full product recall, notify customers, and replace the defective units at no cost.
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Page 3 - BUS 240 - Chapter 5 Ethics.pptx
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In 2015, which car manufacturer was caught cheating on emissions tests, highlighting a major breach of organizational ethics?
1. Kia
2. Honda
3. BMW
4. Toyota
5. Volkswagon
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Which CEO stepped down in 2022 after allegations of fostering a toxic work culture, highlighting the importance of ethical leadership?
1. Bob Chapek (Disney)
2. Mark Zuckerberg (Meta)
3. Dan Price (Gravity Payments)
4. Elon Musk (Tesla)
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Page 4 - BUS 240 - Chapter 5 Ethics.pptx
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Match each ethical principle with its correct description.
1. Common Good
- Benfiting society as a whole
2. Fairness
- Equitable treatment and justice for all
3. Rights
- Respecting individual freedoms and entitlements
4. Utilitarianism
- Greatest good for the greatest number.
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1. Corporate Social Responsibility
- A business approach that contributes to sustainable development by delivering economic, social, and environmental benefits for all stakeholders.
2. Ethical Dilemma
- Situation where an individual or organization must choose between two courses of action, both of which have potentially negative ethical consequences.
3. Utilitarianism
- An ethical framework that suggests the most moral action is the one that produces the greatest good for the greatest number of people.
4. Whistleblowing
- An employee reporting illegal or unethical practices within their organization to internal management or external authorities.
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Page 5 - BUS 240 - Chapter 5 Ethics.pptx
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In one word, describe the most important quality of an ethical leader.
1. leader
2. Transparency
3. accountable
4. Truthful
5. Integrity
6. honest
7. Trustworthy
8. smart
9. Fair
10. Honest
11. Thoughtful
12. accountable
13. Transparency
14. Wise
15. accountable
16. Honesty
17. Wisd
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Layoffs vs Sustainability Goals
1. Reduce salaries across the board for all employees, including executives, to keep both jobs and sustainaiblity programs intact.
2. Cut the budget for sustainability programs to preserve jobs, even if it means missing publicly stated environmental targets.
3. Lay off 10% of the workforce to save money while maintaining sustainability initiatives.
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Page 6 - BUS 240 - Chapter 5 Ethics.pptx
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Arrange the following steps in the correct order for implementing a balanced ethical approach in a company.
1. Regularly review and update ethical practices
2. Provide ethics training to employees
3. Develop a code of ethics
4. Establish compliance procedures
5. Identify core company values
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Bribery to Enter a Foreign Market
1. Seek a middle ground by finding a local intermediary to handle negotiations and avoid direct involvement in unethical practices.
2. Refuse to pay the bribes and risk losing potential business opportunities in the new market.
3. Pay the bribes as a "cost of doing business" to ensure a smooth entry into the market.
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Page 7 - BUS 240 - Chapter 5 Ethics.pptx
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Match these companies with their notable corporate social responsibility (CSR) initiatives:
1. Lego
- Sustainable materials for products
2. TOMS Shoes
- One for One giving model
3. Ben & Jerry's
- Fighting climate chang
4. Microsoft
- Carbon negative by 2030
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Rate your agreement with the following statement:
1. Companies should prioritize corporate social responsibility even if it means lower short-nt 1
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Page 8 - BUS 240 - Chapter 5 Ethics.pptx
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In 2021, which sportswear giant faced backlash and boycotts in China after expressing concerns about forced labor in Xinjiang?
1. Puma
2. Under Armour
3. Adidas
4. Nike
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Misleading Marketing Claims
1. Discontinue the product and invest in reformulating it to meet the "all natural" and "organic" claims.
2. Change the marketing to reflect the actual ingredients, risking a drop in sales due to less appealing labels.
3. Continue marketing the product as "all-natural" and "organic" and stay competitive, assuming no significant backlash.
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What strategies can multinational companies use to address ethical challenges in different cultural contexts?
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Data Privacy vs Profitability
1. Reject the strategy altogether, opting for alternative monetization methods that do not compromise user trust and privacy.
2. Inform users about hte new data policy and offer them an option to opt-out, even if it reduces the potential revenue.
3. Proceed wth selling anonymized data, assuming users will not find out, to boost profitability.
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