BADM CERTIFICATION EVALUATION FULL
QUESTIONS AND SOLUTIONS VERIFIED
PREPARATION MATERIAL
●● What are ethical standards
Answer: fundamental
●● the most common form of cheating today
Answer: plagiarism
●● honesty and ethics are
Answer: important
●● what do leaders set
Answer: the example and tone for how others respond and act.
●● Compliance-based ethics codes
Answer: emphasize preventing unlawful behavior by increasing control
and penalizing wrongdoers
●● integrity based ethics codes
,Answer: defines the organization's guiding values, creates an
environment that supports ethically sound behavior, and stresses shared
accountability
●● 6 steps for improved ethics
Answer: 1. Top management adopts and supports an explicit Code of
Conduct
2. Employees understand expectations
3. Employees are trained to consider ethical implications
4. Ethics Office with anonymous reporting
5. Stakeholders must be informed of the ethics program (suppliers, etc.)
6. The Code must be enforced
●● whistleblowers
Answer: insiders who report illegal or unethical behavior
●● Corporate Social Responsibility (CSR)
Answer: the concern businesses have for the welfare of society, not just
for their owners.
●● Milton Friedman
Answer: a noted economist, suggested that social responsibility
represented a move toward socialism. He believed that the company's
responsibility was to the stockholder.
,●● corporate philanthropy
Answer: charitable donations to nonprofit organizations of all kinds.
●● corporate social initiatives
Answer: enhanced forms of corporate philanthropy that are more
directly related to the company's competencies.
●● corporate responsibility
Answer: essentially everything that has to do with acting responsibly
within society. (Treating employees fairly and ethically.)
●● corporate policy
Answer: the position a firm takes on social and political issues.
●● Kennedy proposed 4 basic rights of consumers:
Answer: 1. Right to safety
2. Right to be informed
3. Right to choose
4. Right to be heard
●● insider trading
, Answer: uses private company information to further insider fortunes or
those of their family and friends.
●● social audit
Answer: a systematic evaluation of an organization's progress toward
implementing socially responsible and responsive programs.
●● 5 Types of Groups Watching for Social Audits
Answer: 1. Socially conscious investors
2. Socially conscious research organizations
3. Environmentalists.
4. Union officials
5. Customers
●● are ethical issues exclusive to the US
Answer: No
●● The 3 forms of business ownership
Answer: 1. Sole Proprietorship
2. Partnerships
3. Corporations
●● sole proprietorship
QUESTIONS AND SOLUTIONS VERIFIED
PREPARATION MATERIAL
●● What are ethical standards
Answer: fundamental
●● the most common form of cheating today
Answer: plagiarism
●● honesty and ethics are
Answer: important
●● what do leaders set
Answer: the example and tone for how others respond and act.
●● Compliance-based ethics codes
Answer: emphasize preventing unlawful behavior by increasing control
and penalizing wrongdoers
●● integrity based ethics codes
,Answer: defines the organization's guiding values, creates an
environment that supports ethically sound behavior, and stresses shared
accountability
●● 6 steps for improved ethics
Answer: 1. Top management adopts and supports an explicit Code of
Conduct
2. Employees understand expectations
3. Employees are trained to consider ethical implications
4. Ethics Office with anonymous reporting
5. Stakeholders must be informed of the ethics program (suppliers, etc.)
6. The Code must be enforced
●● whistleblowers
Answer: insiders who report illegal or unethical behavior
●● Corporate Social Responsibility (CSR)
Answer: the concern businesses have for the welfare of society, not just
for their owners.
●● Milton Friedman
Answer: a noted economist, suggested that social responsibility
represented a move toward socialism. He believed that the company's
responsibility was to the stockholder.
,●● corporate philanthropy
Answer: charitable donations to nonprofit organizations of all kinds.
●● corporate social initiatives
Answer: enhanced forms of corporate philanthropy that are more
directly related to the company's competencies.
●● corporate responsibility
Answer: essentially everything that has to do with acting responsibly
within society. (Treating employees fairly and ethically.)
●● corporate policy
Answer: the position a firm takes on social and political issues.
●● Kennedy proposed 4 basic rights of consumers:
Answer: 1. Right to safety
2. Right to be informed
3. Right to choose
4. Right to be heard
●● insider trading
, Answer: uses private company information to further insider fortunes or
those of their family and friends.
●● social audit
Answer: a systematic evaluation of an organization's progress toward
implementing socially responsible and responsive programs.
●● 5 Types of Groups Watching for Social Audits
Answer: 1. Socially conscious investors
2. Socially conscious research organizations
3. Environmentalists.
4. Union officials
5. Customers
●● are ethical issues exclusive to the US
Answer: No
●● The 3 forms of business ownership
Answer: 1. Sole Proprietorship
2. Partnerships
3. Corporations
●● sole proprietorship
