D072 WGU Fundamentals for Success in Business Guide 2025

Ethics - Correct Ans-are the principles that guide a person's behavior. legal - Correct Ans-act that is permissible or in conformity with the law of the land. legal-ethical - Correct Ans-Law and persons Ethics are inlined legal-unethical - Correct Ans-When something is legal but is not ethical Values - Correct Ans-are the stable, enduring goals that one has for life. Morals - Correct Ans-sets of rules that individuals develop based on cultural norms and beliefs A job candidate asks questions during an interview to determine if personal life goals align with those of the organization. Which factor is the candidate using to guide the decision? Cultural norms Personal experiences Values Morals - Correct Ans-Values illegal-ethical - Correct Ans-When a persons Ethical choice would be considered illegal or against the law Personal Ethics - Correct Ans-Code, Principle, or values that drive us and shape the interaction with others. Organizational ethics - Correct Ans-The moral values, beliefs, and rules that establish the appropriate way for an organization and its members to deal with each other and with people outside the organization. A company insists on treating suppliers with respect and refuses to push them to the lowest pricing possible. Which level of organizational ethics is being used by this company? Personal issues Societal issues Stakeholder's issues Internal policy issues - Correct Ans-Stakeholder's issues Which group is responsible for setting the ethical tone of a corporation? Frontline employees Creditors Shareholders Managers - Correct Ans-Managers A company is working hard to establish objectives that promote ethics and standards. What terms describe how these objectives are defined? Specific and qualitative Specific and measurable Broad and qualitative Broad and measurable - Correct Ans-Specific and measurable Organizational culture - Correct Ans-refers to a system of shared assumptions, values, and beliefs that shows employees appropriate and inappropriate behavior international business culture - Correct Ans-Culture is the sum of attitudes, values, goals, and practices shared by individuals in a group, organization, or society. Cultures vary over time periods, between countries and geographic regions A CEO of a company wishes to create training material that clearly indicates shared assumptions, values, and beliefs. Which term is this material describing? Organizational ethics Organizational culture International business culture Institutional behavior - Correct Ans-Organizational culture Organizational culture comprises the company's established values and beliefs as expressed through a mission and vision statement. A company develops a program to help guide employees in decision-making and defines expectations for accepting gift from clients. what is the name of the program - Correct Ans-Compliance and ethics corporate social responsibility (CSR) - Correct Ans-is a type of international private business self-regulation that aims to contribute to societal goals of a philanthropic, activist, or charitable nature by engaging in or supporting volunteering A corporation is expanding its operations from being based solely in the United States to having operations in Europe and China. The chief financial officer (CFO) is concerned about variations in attitudes, values, and goals that may be seen across these regions and how they will impact the company. Which issue is of concern to the CFO? Personal ethics International code of conduct International business culture Organizational ethics - Correct Ans-International business culture The scenario describes variations in attitudes, values, and goals that vary across global regions, the factors associated with international business culture. Process Management - Correct Ans-management's initiative to design work processes so that they align with the organization's strategic goals. Relationship management - Correct Ans-involves strategies that govern how an organization maintains relationships with an audience. Which employee characteristic is Charlie addressing in the decision to relocate Carl Spith and Kim Arkle? Ethics Standards Morals Culture - Correct Ans-Ethics Charlie is looking to hire employees with ethics that will maintain the corporate vision. Ethics are the personal values and principles that define what is right and wrong in a context. Ethics are essential in appropriate interactions with the organization's stakeholders throughout the continent. Societal - Correct Ans-issues refer to factors that influence a population, not just a company or the employees working for the company. These issues may affect a company and its business practices, but they will not affect just a small group of employees. Internal policies - Correct Ans-identify rules and guidelines for how employees behave in the business setting. They describe expectations the business has for its employees. Carl and Kim were relocated to foreign countries with the goal of hiring new employees and ensuring that they knew and shared the company's unified visions. corporate social responsibility (CSR), - Correct Ans-philosophy in which a company voluntarily engages in actions that benefit society at large. What is the strategic value of implementing CSR? To generate a profit and meet the letter of the law in their business operations To help recruit, train, and maintain groups of local employees To increase profits and trust in the long-term while promoting positive community relations To maintain global operating guidelines such as those set by WTO. - Correct Ans-To increase profits and trust in the long-term while promoting positive community relations. CSR is designed to increase long-term profits and shareholder trust while promoting positive community relations and maintaining high ethical standards. A company develops a program to help guide employees in decision-making and defines expectations for accepting gift from clients. What is the name of the program? Internal transparency Compliance and ethics Social responsibility Whistleblower and protection - Correct Ans-Compliance and ethics Many organizations implement compliance and ethics programs to help guide decision-making and employee behavior. There was an accidental oil spill caused by unforeseen circumstances. The company immediately notified the affected stakeholders that they were implementing CSR programs to manage its reputation and avoid losing profit. Which stakeholder should the company first contact? Customers Employees Community Shareholders - Correct Ans-Shareholders There is a loss of reputation for the company, which in turn affects the shareholders directly, because the price of the company shares drops as a result of the incident. code of ethics - Correct Ans-a guideline to help marketing managers and other employees make better decisions greenwashing - Correct Ans-is the process of conveying a false impression or providing misleading information about how a company's products are more environmentally sound. Internal transparency - Correct Ans-organization to exist within a system of openness, communication, and accountability Sarbanes-Oxley Act (SOX) - Correct Ans-company is obligated to provide proof of accurate, data-secured financial reporting whistleblowers - Correct Ans-individuals who publicize instances of fraud, corruption, or other wrongdoing in the organization. A large manufacturer of ice cream products has a core value of "making the world a better place." However, it was discovered that the manufacturer sourced their main raw ingredient from a company that used practices considered detrimental to the well-being of animals. Which situation is occurring with this discrepancy? Publicizing Whistleblowing Greenwashing Kickbacking - Correct Ans-greenwashing Greenwashing is when a company's ethical commitments and statements run contrary to their actual practices. The top management of a publicly-traded company has been cited for violation of the transparency standards with respect to their financial and accounting reporting practices. Which law has this company violated? Sarbanes-Oxley Act (SOX) Governmental Accounting Standards (GAS) Act Generally Accepted Accounting Principles (GAAP) Act Corporate Social Responsibility (CSR) Act - Correct Ans-Sarbanes-Oxley Act (SOX) SOX mandates publicly traded companies to follow reporting transparency in financial and accounting reporting. A group of employees discovered alleged misconduct by senior managers of their company and leaked information about the situation to the press and general public. What is the term for this group of employees? Compliance board Public auditors Greenwashers