WGU D072 FUNDAMENTALS FOR SUCCESS
IN BUSINESS EXAM SCRIPT SOLVED
QUESTIONS AND CORRECT ANSWERS
GRADED A+
◉ Provide an example for each of the following:
legal-ethical
legal-unethical
illegal-ethical conflicts. Answer: legal-ethical: by law in most states it
is illegal to take part in recreational marijuana use; and a judge that is
trying a case about marijuana possession agrees with the law and does
not think its okay to consume marijuana for recreational use.
legal-unethical: cheating on your boyfriend/girlfriend is legal but
most people find it unethical.
illegal-ethical: speeding is illegal but in some cases of an emergency
some people might find it ethical.
◉ Define legal.. Answer: An act that is allowed or is in conformity
with the law of the land
◉ Define values.. Answer: Stable life goals that people have that
reflect what is most important to them
,◉ Define morals.. Answer: Rules people develop as a result of
cultural norms and values and are, traditionally passed down through
generations and characterize a cultural group
◉ Define organizational ethics.. Answer: Rules, principles, and
standards for deciding what is morally right or wrong when doing
business
◉ List the four main levels of ethical issues and provide an example
of each.. Answer: Societal Issues: an organization holds a fundraiser
to help feed the homeless.
Stakeholder Issues: A company insists on treating suppliers with
respect and refuses to push them to the lowest pricing possible.
Internal Policy Issues: Fairness in management, pay, and employee
participation.
Personal Policy Issues: Gossiping at work or taking credit for
another's work.
◉ How does a company's ethical behavior impact organizational
outcomes?. Answer: Trustworthy companies are better at attracting
and keeping customers, keeping talented employees, and capitol.
◉ How does a company's unethical behavior impact organizational
outcomes?. Answer: They suffer from dwindling customer bases,
employee turnover, and investor mistrust.
, ◉ Define corporate social responsibility (CSR).. Answer: Philosophy
in which a company voluntarily engages in actions that benefit
society, be it economically, socially, politically, or environmentally
◉ How is a company's CSR approach shaped?. Answer: By seeing
that their community is lacking something that they can provide,
earning more profit and reputation
◉ Who is considered a company stakeholder?. Answer: Unions
employees
consumer
investors
suppliers
local and national governments
communities.
◉ What is the aim of CSR?. Answer: To increase profits and trust in
the long-term while promoting positive community relations
◉ What is the purpose of the World Trade Organization (WTO)?.
Answer: improve the stability and predictability of global trade.
◉ What is a code of ethics?. Answer: Guide that publicly sets out an
organization's key values and ethical obligations
IN BUSINESS EXAM SCRIPT SOLVED
QUESTIONS AND CORRECT ANSWERS
GRADED A+
◉ Provide an example for each of the following:
legal-ethical
legal-unethical
illegal-ethical conflicts. Answer: legal-ethical: by law in most states it
is illegal to take part in recreational marijuana use; and a judge that is
trying a case about marijuana possession agrees with the law and does
not think its okay to consume marijuana for recreational use.
legal-unethical: cheating on your boyfriend/girlfriend is legal but
most people find it unethical.
illegal-ethical: speeding is illegal but in some cases of an emergency
some people might find it ethical.
◉ Define legal.. Answer: An act that is allowed or is in conformity
with the law of the land
◉ Define values.. Answer: Stable life goals that people have that
reflect what is most important to them
,◉ Define morals.. Answer: Rules people develop as a result of
cultural norms and values and are, traditionally passed down through
generations and characterize a cultural group
◉ Define organizational ethics.. Answer: Rules, principles, and
standards for deciding what is morally right or wrong when doing
business
◉ List the four main levels of ethical issues and provide an example
of each.. Answer: Societal Issues: an organization holds a fundraiser
to help feed the homeless.
Stakeholder Issues: A company insists on treating suppliers with
respect and refuses to push them to the lowest pricing possible.
Internal Policy Issues: Fairness in management, pay, and employee
participation.
Personal Policy Issues: Gossiping at work or taking credit for
another's work.
◉ How does a company's ethical behavior impact organizational
outcomes?. Answer: Trustworthy companies are better at attracting
and keeping customers, keeping talented employees, and capitol.
◉ How does a company's unethical behavior impact organizational
outcomes?. Answer: They suffer from dwindling customer bases,
employee turnover, and investor mistrust.
, ◉ Define corporate social responsibility (CSR).. Answer: Philosophy
in which a company voluntarily engages in actions that benefit
society, be it economically, socially, politically, or environmentally
◉ How is a company's CSR approach shaped?. Answer: By seeing
that their community is lacking something that they can provide,
earning more profit and reputation
◉ Who is considered a company stakeholder?. Answer: Unions
employees
consumer
investors
suppliers
local and national governments
communities.
◉ What is the aim of CSR?. Answer: To increase profits and trust in
the long-term while promoting positive community relations
◉ What is the purpose of the World Trade Organization (WTO)?.
Answer: improve the stability and predictability of global trade.
◉ What is a code of ethics?. Answer: Guide that publicly sets out an
organization's key values and ethical obligations
