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. Conduct
2. Principles
3. Morals
4. Legal
5. Employees
6. Moral
7. Professional
8. Accountability
9. Honesty
10. Morals
11. Respect
12. Safety
13. Sustainable
14. honesty
15. morals
16. teamwork
17. Morals
18. Right vs wrong
19. Accountability
20. Dependable
21. Accountability
22. Integrity
23. Morals
24. Decision making
25. Business
26. Profit
27. Management
28. Leadership
29. responsibility
30. reliability
31. morals
32. Honesty
33. Trust
34. Good decision making
35. Safety
36. Moral
37. Honesty
38. Moral
39. Deals
40. Standard
41. Integrity
42. Morals
43. Fair
44. Right vs wrong
45. Honesty
46. Morals
47. Morals
48. Morals
49. Morals
50. accountability
51. transparency
52. morals
53. Integrity
54. Hard working
55. Dependably
56. Morals
57. Right v wrong
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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. Strictly adhering to industry regulations
2. Integrating moral values into business decisions and practices
3. Avoiding all potentially controversial actions
4. Maximizing shareholder returns above all else
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Product Defect and Recall Decision
1. Release a software update that reduces batter performance to prevent overheating, without publicly disclosing the defect.
2. Issue a full product recall, notify customers, and replace the defective units at no cost.
3. Do nothing and handle individual complaints on a case-by-case basis to minimize costs and avoid a public relations crisis.
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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. Toyota
2. BMW
3. Kia
4. Honda
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. Fairness
- Equitable treatment and justice for all
2. Rights
- Respecting individual freedoms and entitlements
3. Utilitarianism
- Greatest good for the greatest number.
4. Common Good
- Benfiting society as a whole
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1. Whistleblowing
- An employee reporting illegal or unethical practices within their organization to internal management or external authorities.
2. Utilitarianism
- An ethical framework that suggests the most moral action is the one that produces the greatest good for the greatest number of people.
3. Ethical Dilemma
- Situation where an individual or organization must choose between two courses of action, both of which have potentially negative ethical consequences.
4. Corporate Social Responsibility
- A business approach that contributes to sustainable development by delivering economic, social, and environmental benefits for all stakeholders.
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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. accountable
2. Wisd
3. Honesty
4. accountable
5. Wise
6. Transparency
7. accountable
8. Thoughtful
9. Honest
10. Fair
11. smart
12. Trustworthy
13. honest
14. Integrity
15. Truthful
16. Transparency
17. leader
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Layoffs vs Sustainability Goals
1. Cut the budget for sustainability programs to preserve jobs, even if it means missing publicly stated environmental targets.
2. Reduce salaries across the board for all employees, including executives, to keep both jobs and sustainaiblity programs intact.
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. Establish compliance procedures
2. Regularly review and update ethical practices
3. Develop a code of ethics
4. Identify core company values
5. Provide ethics training to employees
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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. Pay the bribes as a "cost of doing business" to ensure a smooth entry into the market.
3. Refuse to pay the bribes and risk losing potential business opportunities in the new 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. Ben & Jerry's
- Fighting climate chang
2. Microsoft
- Carbon negative by 2030
3. Lego
- Sustainable materials for products
4. TOMS Shoes
- One for One giving model
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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. Adidas
2. Puma
3. Under Armour
4. Nike
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Misleading Marketing Claims
1. Continue marketing the product as "all-natural" and "organic" and stay competitive, assuming no significant backlash.
2. Discontinue the product and invest in reformulating it to meet the "all natural" and "organic" claims.
3. Change the marketing to reflect the actual ingredients, risking a drop in sales due to less appealing labels.
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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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