WGU Fundamentals for Success in Business D072 test exam (questions and answers)

WGU Fundamentals for Success in Business D072 test exam (questions and answers) Ethics - CORRECT ANSWER-A system of moral principles. The principles of right and wrong that guide an individual in making decisions Legal - CORRECT ANSWER-Permitted by law. An act that is permissible or in conformity with the law of the land Legal and Ethical (legal-ethical) - CORRECT ANSWER-When the law and personal or organization are in concordance with each other Legal and Unethical (legal-unethical) - CORRECT ANSWER-Dilemma in which stablished laws are not in accordance or do not uphold the ethical choice Illegal and Ethical (illegal-ethical) - CORRECT ANSWER-Dilemma in which ethical choice would be in violation of stablished laws Scenarios: Legal and Unethical (legal-unethical) - CORRECT ANSWER-I: As the outsourcing movement has grown, so have accompanying reports of sweatshop abuses and health and safety issues. Ignoring dangerous work conditions is unethical in any sense, regardless of where the workers are located. II: A judge believes that the use of cannabis should never be allowed regardless of the situation due to personal principles of what is right and wrong. A law was recently passed, however, allowing individuals to use cannabis. Scenarios: Legal and Ethical (legal-ethical) - CORRECT ANSWER-An organization plans to close its local factory and shift manufacturing operations overseas. This brings opposition from employees. Scenarios: Illegal and Ethical (illegal-ethical) - CORRECT ANSWER-Pentagon papers case: U.S government officials leaked top secret papers to inform the public about government actions during the Vietnam War. Personal Ethics - CORRECT ANSWER-Codes, principals, and values that shape people's interactions with others Values - CORRECT ANSWER-Stable life goals that people have that reflect what is most important to them Morals - CORRECT ANSWER-are sets of rules that individuals develop based on cultural norms and beliefs Scenarios: Values - CORRECT ANSWER-A job candidate asks questions during an interview to determine whether their personal life goals align with those of the organization. Organizational ethics - CORRECT ANSWER-Rules, principals, and standards for deciding what is morally right or wrong when doing business Scenarios: Organizational ethics - CORRECT ANSWER-If an organization can create an ethically oriented culture, it is more likely to hire people who behave the same. 4 main Ethical Issues - CORRECT ANSWER-1. Societal issues 2. Stakeholder issues 3. Internal policy issues 4. Personal Issues Ethical Issues: Societal issues - CORRECT ANSWER-Concerns issues relating to the world as a whole Involvement happens because of the ethics the organization creates out of care and concern for individuals. Ethical Issues: Stakeholder issues - CORRECT ANSWER-Concerns policies that affect its customers, employees, suppliers, and people within the community Ethical Issues: Internal policy issues - CORRECT ANSWER-Concerns internal relationships between a company and its employees Examples include fairness in management, pay, and employee participation. Ethical Issues: Personal issues - CORRECT ANSWER-Concerns how people treat others in their organization Examples include gossiping at work or taking credit for another's work. Stakeholder issues - CORRECT ANSWER-A company insists on treating suppliers with respect and refuses to push them to the lowest pricing