chapter 10 - making it stick doing what's right in a competitive market 2023/2024 already passed

chapter 10 - making it stick doing what's right in a competitive market_____ is ethical behavior that persists long after the latest public scandal or the latest management buzzword. - correct answer sustainable ethics A company's commitment to ethical behavior affects: - correct answer every managerial level and every department of the organization equally and increases its efficiency. Which of the following statements is true of sustainable ethics? - correct answer An organization's commitment to ethical behavior must be documented in a code of ethics for everyone to begin from the same starting point. Which of the following is the first stage in making ethical behavior sustainable for a company? - correct answer Establishing a code of ethics HP Chase Inc., an investment banking firm, has decided to make ethical behavior sustainable in its organization. It has set up the process of monitoring ethical behavior by establishing a code of ethics. Which of the following stages is HP Chase Inc. most likely to undertake next? - correct answer Support the code of ethics with extensive training for every member of the organization Altra Partners (AP) believes in maintaining sustainable ethics. It has recently established a code of ethics and organized comprehensive training sessions for all its members. Which of the following steps is most likely to be undertaken next by AP? - correct answer hiring an ethics officer Which of the following steps is the immediate next stage in making ethical behavior sustainable for a company after it hires an ethics officer? - correct answer Celebrating and rewarding the ethical behavior demonstrated by its employees Downerz Enterprises (DE) has been in the news for fraud by one its directors. As a result, the trustees of DE have appointed a new director who has established a strict code of ethics. He has announced extensive training for every member of the organization. An ethics officer has also been hired by DE. Which of the following steps is most likely to be taken next by the new director to maintain ethical behavior in the organization? - correct answer Celebrate and reward the ethical behavior demonstrated by its employees. Which of the following is most likely to be the next stage in making ethical behavior sustainable for an organization after it promotes its commitment to ethical behavior? - correct answer Continuously monitoring the ethical behavior of its employees as the company grows Walter Warburg & Co., a new investment banking firm, has dismissed the idea of establishing a code of ethics for its employees. Which of the following consequences is most likely to take place as a result of this decision? - correct answer It cannot document punishments for the violation of ethical policies. A well-written code of ethics: - correct answer states policies for behavior in specific situations. Which of the following elements is most likely be included by an organization in its code of ethics? - correct answer The policies for behavior in specific situations The audience for the code of ethics of an organization should include the: - correct answer investors of the organization. Which of the following statements is true of the code of ethics of an organization? - correct answer The code of ethics does not have a perfect model. Which of the following statements is most likely to be true of an organization's code of ethics? - correct answer The code of ethics is written for the employees of an organization, and the stakeholders are not required to follow it. Which of the following statements is advice from the Institute of Business Ethics for creating a code of ethics from scratch? - correct answer Get an endorsement from the chairperson and the board. In the context of the creation of a code of ethics, the Institute of Business Ethics advises companies: - correct answer to introduce practical examples of the code in all company internal (and external) training programs and induction courses.