Mgt 216 Final

In: Business and Management

Submitted By tturner2587
Words 1565
Pages 7
What is business ethics?

There are many different definitions of business ethics. In general, the term is used to mean a form of applied ethics in which a system of ethics and morality is applied in the business world. The exact application of business ethics will differ from organization to organization, and place to place. Different organizations deal with different stakeholders, different clients and customers, and different dimensions of the work world, industry, and market. The way business ethics must be applied is determined by the nature, mission, purpose and goals of a given company. The universal purpose of business ethics is to ensure that companies treat their workers, partners, clients, and any other involved shareholders or stakeholders with ethical and moral integrity. Business ethics used to be taken for granted and assumed, almost as an extension of the personal ethics of those involved in the business. In more recent years, however, following different issues including the 2001 Enron scandal, individuals and businesses have focused more on analyzing and formalizing business ethics (cf WiseGeek, retrieved 2010).

A Model Organization: Integral business ethics in terms of social issues, legal issues, and profit.

Taking a fictitious restaurant food supply organization called The Ultimate Deal, as an organization that serves as a model of business ethics, the practical implications of business ethics can be explained. The Ultimate Deal, as a restaurant supply organization, deals with several different organizations and stakeholders. It has its clients – the restaurants. It also has its own suppliers – the butchers and farmers that work together with it. The organization has its own employees, and the executive board. It also has its main investors, and other minor shareholders. Ethics must be applied in the organizations dealings…...

Similar Documents

Mgt 216

...stockholders. Managers will employ strategies and activities that advance or increase the investments of share holders. Under the stakeholder theory of ethics, business ethics and corporate governance focuses on anyone who has a stake in the business. Although wide ranging, this connection between business ethics and corporate governance is often stronger, as recent changes to corporate governance include now any individual who is affected by the company. This connection ensures that everyone receives equal or fair treatment when dealing with the business. For example, customers who purchase a faulty product may receive a replacement at no charge and a few extra benefits. This promotes business ethics throughout the organization. A third and final ethical theory is the social contract theory. This theory focuses on companies that improve the overall welfare of society. Shareholders may be less willing to invest money into a company that follows this ethical theory, as shareholders may lose money to causes or other benefits that are outside of the company’s normal operating context. To make investors fully aware of the company’s social contract theory of ethics, business owners, executives and board members will often include this information in the corporate governance. Another relationship between business ethics and corporate governance is a company’s mission statement. The mission statement clearly outlines a company’s planned standard of excellence for operating in......

Words: 2559 - Pages: 11

Mgt 216 Final Exam Guide 100% Correct Answers

...MGT 216 Final Exam Guide 100% Correct Answers http://homeworklance.com/downloads/mgt-216-final-exam-guide-100-correct-answers/ All Tutorials will be E-mailed immediately after the Payment, Please Check your inbox or Spam Folder and can also be Downloaded by clicking on Tutorial Bucket. For Any Other Inquiry Feel Free To Contact Us: Lancehomework@gmail.com MGT 216 Final Exam Guide 100% Correct Answers Which of the following statements is FALSE? Which of the following are correct steps and order of steps in the ethical decision-making process? Which of the following statements is TRUE: The type of language used when describing a situation affects moral awareness The _________________ states that an ethical decision should maximize benefits to society and minimize harms. In the ___________ perspective, social responsibility is primarily a means of avoiding economic harm that can be imposed by multiple stakeholders. The U.S. sentencing guidelines use a “carrot and stick” approach to managing corporate crime. What is meant by the use of “carrot” and “stick”? People are rational economic actors motivated solely by self-interest. Most people expect fair play in their interactions and will even forgo economic benefits in order to maintain a fair system. An organization can be convicted of a crime even if only one employee breaks the law. Which of the following is TRUE? The Tailhook Scandal is an example of: Which of the......

Words: 3866 - Pages: 16

Mgt 216 Complete Class Work

...MGT 216 Final Exam Guide 100% Correct Answers http://homeworklance.com/downloads/mgt-216-final-exam-guide-100-correct-answers/ All Tutorials will be E-mailed immediately after the Payment, Please Check your inbox or Spam Folder and can also be Downloaded by clicking on Tutorial Bucket. For Any Other Inquiry Feel Free To Contact Us: Lancehomework@gmail.com MGT 216 Final Exam Guide 100% Correct Answers Which of the following statements is FALSE? Which of the following are correct steps and order of steps in the ethical decision-making process? Which of the following statements is TRUE: The type of language used when describing a situation affects moral awareness The _________________ states that an ethical decision should maximize benefits to society and minimize harms. In the ___________ perspective, social responsibility is primarily a means of avoiding economic harm that can be imposed by multiple stakeholders. The U.S. sentencing guidelines use a “carrot and stick” approach to managing corporate crime. What is meant by the use of “carrot” and “stick”? People are rational economic actors motivated solely by self-interest. Most people expect fair play in their interactions and will even forgo economic benefits in order to maintain a fair system. An organization can be convicted of a crime even if only one employee breaks the law. Which of the following is TRUE? The Tailhook Scandal is an example of: Which of the......

Words: 3866 - Pages: 16

Mgt 216 Final Exam Guide 100% Correct Answers

...MGT 216 Final Exam Guide 100% Correct Answers To Buy this Class Copy & paste below link in your Brower http://sourceofhomework.com/downloads/mgt-216-final-exam-guide-100-correct-answers/ Or Visit Our Website Visit : http://sourceofhomework.com Email Us : sourceofhomework@gmail.com Type: MGT 216 Final Exam MGT 216 Final Exam Guide 100% Correct Answers Which of the following statements is FALSE? Which of the following are correct steps and order of steps in the ethical decision-making process? Which of the following statements is TRUE: The type of language used when describing a situation affects moral awareness The _________________ states that an ethical decision should maximize benefits to society and minimize harms. In the ___________ perspective, social responsibility is primarily a means of avoiding economic harm that can be imposed by multiple stakeholders. The U.S. sentencing guidelines use a “carrot and stick” approach to managing corporate crime. What is meant by the use of “carrot” and “stick”? People are rational economic actors motivated solely by self-interest. Most people expect fair play in their interactions and will even forgo economic benefits in order to maintain a fair system. An organization can be convicted of a crime even if only one employee breaks the law. Which of the following is TRUE? The Tailhook Scandal is an example of: Which of the following is FALSE? Federal law......

Words: 3856 - Pages: 16

Mgt 216 Ethics Profile

...Ethical Organizational Profile MGT 216 January 24, 2011 Ethical Organizational Profile Smiles Dental Office is a new dental facility in San Diego California, which focuses on customer care first. With a highly trained staff and courteous demeanor Smiles Dental Office take pride not only in our work, but also in our customer’s satisfaction. Smiles Dental has announced the expansion of the company to the Philippines. Smiles Dental Office’s goal is to continue the same quality customer care in the Philippines that began in San Diego, California. Smiles Dental Office’s current employees include two dentists, three hygienists, three assistants, two receptionists, one accountant, and two to three interns. Products and services include cleanings, fillings, bridges, crowns, dentures, implants, extractions, and whiting. Our Mission: The mission of Smiles Dental Office is to provide quality products and services to all patients leaving them with a smile they are happy to share. Core Values: Smiles Dental Office has an agreed upon sense of purpose and it is important to our success at Smiles Dental Office. Our goal is to provide the public with advanced products and services to improve their quality of oral health. We aim to provide outstanding service to our consumers and each other and continually work toward improvement. Using teamwork we are committed to fulfill society’s need with the most current technology available. * We will make everyone feel safe,...

Words: 1735 - Pages: 7

Mgt 216 Final Exam Guide 100% Correct Answers

...MGT 216 Final Exam Guide 100% Correct Answers Follow Link Below To Get Tutorial http://homeworklance.com/downloads/mgt-216-final-exam-guide-100-correct-answers/ Description: Which of the following statements is FALSE? Which of the following are correct steps and order of steps in the ethical decision-making process? Which of the following statements is TRUE: The type of language used when describing a situation affects moral awareness The _________________ states that an ethical decision should maximize benefits to society and minimize harms. In the ___________ perspective, social responsibility is primarily a means of avoiding economic harm that can be imposed by multiple stakeholders. The U.S. sentencing guidelines use a “carrot and stick” approach to managing corporate crime. What is meant by the use of “carrot” and “stick”? People are rational economic actors motivated solely by self-interest. Most people expect fair play in their interactions and will even forgo economic benefits in order to maintain a fair system. An organization can be convicted of a crime even if only one employee breaks the law. Which of the following is TRUE? The Tailhook Scandal is an example of: Which of the following is FALSE? Federal law prohibits discrimination against individuals with specific characteristics. Which of the following characteristics is not on that list (i.e. protected under Federal law)? Research has show the...

Words: 3826 - Pages: 16

Mgt 216

...|[pic] |Syllabus | | |School of Business | | |MGT/216 Version 5 | | |Organizational Ethics and Social Responsibility | Copyright © 2010, 2009, 2008 by University of Phoenix. All rights reserved. Course Description This course provides a foundational perspective for socially responsible management practices in business. Special emphasis is placed on the inter-related nature of ethics, moral, legal, and social issues in managing individuals, groups, and the organization within a business environment. Policies Faculty and students/learners will be held responsible for understanding and adhering to all policies contained within the following two documents: • University policies: You must be logged into the student website to view this document. • Instructor policies: This document is posted in the Course Materials forum. University policies are subject to change. Be sure to read the policies at the beginning of each class. Policies may be slightly different depending on the modality in...

Words: 1628 - Pages: 7

Mgt 216 Final Exam Guide 100% Correct Answers

...MGT 216 Final Exam Guide 100% Correct Answers Follow Link Below To Get Tutorial http://homeworklance.com/downloads/mgt-216-final-exam-guide-100-correct-answers/ Description: Which of the following statements is FALSE? Which of the following are correct steps and order of steps in the ethical decision-making process? Which of the following statements is TRUE: The type of language used when describing a situation affects moral awareness The _________________ states that an ethical decision should maximize benefits to society and minimize harms. In the ___________ perspective, social responsibility is primarily a means of avoiding economic harm that can be imposed by multiple stakeholders. The U.S. sentencing guidelines use a “carrot and stick” approach to managing corporate crime. What is meant by the use of “carrot” and “stick”? People are rational economic actors motivated solely by self-interest. Most people expect fair play in their interactions and will even forgo economic benefits in order to maintain a fair system. An organization can be convicted of a crime even if only one employee breaks the law. Which of the following is TRUE? The Tailhook Scandal is an example of: Which of the following is FALSE? Federal law prohibits discrimination against individuals with specific characteristics. Which of the following characteristics is not on that list (i.e. protected under Federal law)? Research has show the...

Words: 15301 - Pages: 62

Mgt 216 Final Exam Guide 100% Correct Answers

...MGT 216 Final Exam Guide 100% Correct Answers Follow Link Below To Get Tutorial http://homeworklance.com/downloads/mgt-216-final-exam-guide-100-correct-answers/ Description: Which of the following statements is FALSE? Which of the following are correct steps and order of steps in the ethical decision-making process? Which of the following statements is TRUE: The type of language used when describing a situation affects moral awareness The _________________ states that an ethical decision should maximize benefits to society and minimize harms. In the ___________ perspective, social responsibility is primarily a means of avoiding economic harm that can be imposed by multiple stakeholders. The U.S. sentencing guidelines use a “carrot and stick” approach to managing corporate crime. What is meant by the use of “carrot” and “stick”? People are rational economic actors motivated solely by self-interest. Most people expect fair play in their interactions and will even forgo economic benefits in order to maintain a fair system. An organization can be convicted of a crime even if only one employee breaks the law. Which of the following is TRUE? The Tailhook Scandal is an example of: Which of the following is FALSE? Federal law prohibits discrimination against individuals with specific characteristics. Which of the following characteristics is not on that list (i.e. protected under Federal law)? Research has show the...

Words: 49726 - Pages: 199

Mgt 216 Final Exam Guide 100% Correct Answers

...MGT 216 Final Exam Guide 100% Correct Answers http://hwguiders.com/downloads/mgt-216-final-exam-guide-100-correct-answers/ Which of the following statements is FALSE? Which of the following are correct steps and order of steps in the ethical decision-making process? Which of the following statements is TRUE: The type of language used when describing a situation affects moral awareness The _________________ states that an ethical decision should maximize benefits to society and minimize harms. In the ___________ perspective, social responsibility is primarily a means of avoiding economic harm that can be imposed by multiple stakeholders. The U.S. sentencing guidelines use a “carrot and stick” approach to managing corporate crime. What is meant by the use of “carrot” and “stick”? People are rational economic actors motivated solely by self-interest. Most people expect fair play in their interactions and will even forgo economic benefits in order to maintain a fair system. An organization can be convicted of a crime even if only one employee breaks the law. Which of the following is TRUE? The Tailhook Scandal is an example of: Which of the following is FALSE? Federal law prohibits discrimination against individuals with specific characteristics. Which of the following characteristics is not on that list (i.e. protected under Federal law)? Research has show the best way to encourage ethical behavior is to create an......

Words: 61089 - Pages: 245

Mgt 216 Week 4 Ethical Issues in Management

...MGT 216 Week 4 Ethical Issues in Management Get Tutorial by Clicking on the link below or Copy Paste Link in Your Browser http://hwguiders.com/downloads/mgt-216-week-4-ethical-issues-management/ For More Courses and Exams use this form ( http://hwguiders.com/contact-us/ ) Feel Free to Search your Class through Our Product Categories or From Our Search Bar (http://hwguiders.com/ ) Ethical Issues in Management Introduction Ethics and ethical values are developed over long period of time and is an on-going process. One may be facing certain risks when making an ethical decision so he/she must be ready to face that issue. Our parents teach us some values and they become an integral part in our personality. Whenever we join an organization, we apply these values there as well. This is the very reason managers should be able to make clear-cut and neutral decisions based on organizational ethical policy. In a nutshell, we should respect each other’s values and one should not be treated differently because of his/her values. Moral and Ethical Issues Favoritism is one of the highly prevalent unethical practices. For the first time in my life, I came face to face with this dilemma when I joined the army. My commanding officer always showed favoritism to his favorite people. MGT 216 Week 4 Ethical Issues in Management Get Tutorial by Clicking on the link below or Copy Paste Link in Your......

Words: 3301 - Pages: 14

Mgt 216 Final Exam Guide 100% Correct Answers

...MGT 216 Final Exam Guide 100% Correct Answers Follow Link Below To Get Tutorial http://homeworklance.com/downloads/mgt-216-final-exam-guide-100-correct-answers/ Description: Which of the following statements is FALSE? Which of the following are correct steps and order of steps in the ethical decision-making process? Which of the following statements is TRUE: The type of language used when describing a situation affects moral awareness The _________________ states that an ethical decision should maximize benefits to society and minimize harms. In the ___________ perspective, social responsibility is primarily a means of avoiding economic harm that can be imposed by multiple stakeholders. The U.S. sentencing guidelines use a “carrot and stick” approach to managing corporate crime. What is meant by the use of “carrot” and “stick”? People are rational economic actors motivated solely by self-interest. Most people expect fair play in their interactions and will even forgo economic benefits in order to maintain a fair system. An organization can be convicted of a crime even if only one employee breaks the law. Which of the following is TRUE? The Tailhook Scandal is an example of: Which of the following is FALSE? Federal law prohibits discrimination against individuals with specific characteristics. Which of the following characteristics is not on that list (i.e. protected under Federal law)? Research has show the...

Words: 19126 - Pages: 77

Mgt 216 Final Exam Guide 100% Correct Answers

...MGT 216 Final Exam Guide 100% Correct Answers Follow Link Below To Get Tutorial http://homeworklance.com/downloads/mgt-216-final-exam-guide-100-correct-answers/ Description: Which of the following statements is FALSE? Which of the following are correct steps and order of steps in the ethical decision-making process? Which of the following statements is TRUE: The type of language used when describing a situation affects moral awareness The _________________ states that an ethical decision should maximize benefits to society and minimize harms. In the ___________ perspective, social responsibility is primarily a means of avoiding economic harm that can be imposed by multiple stakeholders. The U.S. sentencing guidelines use a “carrot and stick” approach to managing corporate crime. What is meant by the use of “carrot” and “stick”? People are rational economic actors motivated solely by self-interest. Most people expect fair play in their interactions and will even forgo economic benefits in order to maintain a fair system. An organization can be convicted of a crime even if only one employee breaks the law. Which of the following is TRUE? The Tailhook Scandal is an example of: Which of the following is FALSE? Federal law prohibits discrimination against individuals with specific characteristics. Which of the following characteristics is not on that list (i.e. protected under Federal law)? Research has show the...

Words: 3826 - Pages: 16

Mgt 216 Final Exam Guide 100% Correct Answers

...MGT 216 Final Exam Guide 100% Correct Answers Follow Link Below To Get Tutorial http://homeworklance.com/downloads/mgt-216-final-exam-guide-100-correct-answers/ Description: Which of the following statements is FALSE? Which of the following are correct steps and order of steps in the ethical decision-making process? Which of the following statements is TRUE: The type of language used when describing a situation affects moral awareness The _________________ states that an ethical decision should maximize benefits to society and minimize harms. In the ___________ perspective, social responsibility is primarily a means of avoiding economic harm that can be imposed by multiple stakeholders. The U.S. sentencing guidelines use a “carrot and stick” approach to managing corporate crime. What is meant by the use of “carrot” and “stick”? People are rational economic actors motivated solely by self-interest. Most people expect fair play in their interactions and will even forgo economic benefits in order to maintain a fair system. An organization can be convicted of a crime even if only one employee breaks the law. Which of the following is TRUE? The Tailhook Scandal is an example of: Which of the following is FALSE? Federal law prohibits discrimination against individuals with specific characteristics. Which of the following characteristics is not on that list (i.e. protected under Federal law)? Research has show the...

Words: 3826 - Pages: 16

Mgt 216 Final Exam Guide 100% Correct Answers

...MGT 216 Final Exam Guide 100% Correct Answers Follow Link Below To Get Tutorial http://homeworklance.com/downloads/mgt-216-final-exam-guide-100-correct-answers/ Description: Which of the following statements is FALSE? Which of the following are correct steps and order of steps in the ethical decision-making process? Which of the following statements is TRUE: The type of language used when describing a situation affects moral awareness The _________________ states that an ethical decision should maximize benefits to society and minimize harms. In the ___________ perspective, social responsibility is primarily a means of avoiding economic harm that can be imposed by multiple stakeholders. The U.S. sentencing guidelines use a “carrot and stick” approach to managing corporate crime. What is meant by the use of “carrot” and “stick”? People are rational economic actors motivated solely by self-interest. Most people expect fair play in their interactions and will even forgo economic benefits in order to maintain a fair system. An organization can be convicted of a crime even if only one employee breaks the law. Which of the following is TRUE? The Tailhook Scandal is an example of: Which of the following is FALSE? Federal law prohibits discrimination against individuals with specific characteristics. Which of the following characteristics is not on that list (i.e. protected under Federal law)? Research has show the...

Words: 3826 - Pages: 16

Read more | Dragon Ball Super | Baixar toque para celular