WGU D072 Study Guide Exam 174 Questions with
Verified Answers
Principles that serve as a compass about how to behave - CORRECT ANSWER
Define ethics.
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. - CORRECT ANSWER Provide an example for each of the
following:
legal-ethical
legal-unethical
illegal-ethical conflicts
An act that is allowed or is in conformity with the law of the land - CORRECT
ANSWER Define legal.
Stable life goals that people have that reflect what is most important to them -
CORRECT ANSWER Define values.
,Rules people develop as a result of cultural norms and values and are, traditionally
passed down through generations and characterize a cultural group - CORRECT
ANSWER Define morals.
Rules, principles, and standards for deciding what is morally right or wrong when
doing business - CORRECT ANSWER Define organizational ethics.
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. -
CORRECT ANSWER List the four main levels of ethical issues and provide an
example of each.
Trustworthy companies are better at attracting and keeping customers, keeping
talented employees, and capitol. - CORRECT ANSWER How does a company's
ethical behavior impact organizational outcomes?
They suffer from dwindling customer bases, employee turnover, and investor
mistrust. - CORRECT ANSWER How does a company's unethical behavior impact
organizational outcomes?
Philosophy in which a company voluntarily engages in actions that benefit society,
be it economically, socially, politically, or environmentally - CORRECT ANSWER
Define corporate social responsibility (CSR).
, By seeing that their community is lacking something that they can provide,
earning more profit and reputation - CORRECT ANSWER How is a company's CSR
approach shaped?
Unions
employees
consumer
investors
suppliers
local and national governments
communities. - CORRECT ANSWER Who is considered a company stakeholder?
To increase profits and trust in the long-term while promoting positive community
relations - CORRECT ANSWER What is the aim of CSR?
improve the stability and predictability of global trade. - CORRECT ANSWER What
is the purpose of the World Trade Organization (WTO)?
Guide that publicly sets out an organization's key values and ethical obligations -
CORRECT ANSWER What is a code of ethics?
details of how the company plans to implement its values and vision, as well as
guidance for the staff on ethical standards and ways to achieve them. Having such
a policy hopefully leads to greater ethical awareness, consistency in application,
and avoidance of ethical disasters. - CORRECT ANSWER What is included in a
company's code of ethics?
Verified Answers
Principles that serve as a compass about how to behave - CORRECT ANSWER
Define ethics.
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. - CORRECT ANSWER Provide an example for each of the
following:
legal-ethical
legal-unethical
illegal-ethical conflicts
An act that is allowed or is in conformity with the law of the land - CORRECT
ANSWER Define legal.
Stable life goals that people have that reflect what is most important to them -
CORRECT ANSWER Define values.
,Rules people develop as a result of cultural norms and values and are, traditionally
passed down through generations and characterize a cultural group - CORRECT
ANSWER Define morals.
Rules, principles, and standards for deciding what is morally right or wrong when
doing business - CORRECT ANSWER Define organizational ethics.
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. -
CORRECT ANSWER List the four main levels of ethical issues and provide an
example of each.
Trustworthy companies are better at attracting and keeping customers, keeping
talented employees, and capitol. - CORRECT ANSWER How does a company's
ethical behavior impact organizational outcomes?
They suffer from dwindling customer bases, employee turnover, and investor
mistrust. - CORRECT ANSWER How does a company's unethical behavior impact
organizational outcomes?
Philosophy in which a company voluntarily engages in actions that benefit society,
be it economically, socially, politically, or environmentally - CORRECT ANSWER
Define corporate social responsibility (CSR).
, By seeing that their community is lacking something that they can provide,
earning more profit and reputation - CORRECT ANSWER How is a company's CSR
approach shaped?
Unions
employees
consumer
investors
suppliers
local and national governments
communities. - CORRECT ANSWER Who is considered a company stakeholder?
To increase profits and trust in the long-term while promoting positive community
relations - CORRECT ANSWER What is the aim of CSR?
improve the stability and predictability of global trade. - CORRECT ANSWER What
is the purpose of the World Trade Organization (WTO)?
Guide that publicly sets out an organization's key values and ethical obligations -
CORRECT ANSWER What is a code of ethics?
details of how the company plans to implement its values and vision, as well as
guidance for the staff on ethical standards and ways to achieve them. Having such
a policy hopefully leads to greater ethical awareness, consistency in application,
and avoidance of ethical disasters. - CORRECT ANSWER What is included in a
company's code of ethics?
