WGU D072 Fundamental for Success in Business Study Guide | Latest 2023/24 | Updated & Verified | Guaranteed Success

Distinguish between personal and organizational ethics. - Personal Ethics refers to the ethics a person identifies with, which guides how they interact with others daily. Organization Ethics focuses on rules, principles and standards in respect to the business' activities. Identify how ethics impacts outcomes in organizations. - Decline in their consumer base, increase employee turnover, and mistrust from their investor's. Setting an unrealistic goal can lead to the compromise of ethics and standards. Speaking the truth, respecting my elders, and never purposely hurting someone are examples of _________ (personal or professional) ethics. - Personal Being punctual, refraining from gossip, and having good time management are examples of _________ (personal or professional) ethics. - Professional Provide an example of when personal and professional ethics may conflict? - Where do an organization's ethics tend to start? A) They develop over time; B) They start at the bottom and bubble up; C) They start at the top and trickle down - C) They start at the top and trickle down Sharing credit with co-workers and treating subordinates with respect demonstrates what level of organizational ethics? (high or low) - high What are some benefits to an organization that has high organizational ethics? - 1- the trust of their stakeholders2- competitive advantage in the marketplace. Define Corporate Social Responsibility (CSR) and its importance in the organization and in the community. - when an organization voluntarily engages in issues that are affecting the environment, community or society at large.