WGU D072 Fundamentals for Success in Business Correct Questions & Answers

Personal Ethics - ANSWERrefers to the ethics a person identifies with, which guides how they interact with others daily. Organizational ethics - ANSWERfocuses on rules, principles and standards in respect to the business' activities Identify how ethics impact outcomes in organizations - ANSWER· Organizations tainted by questionable ethics suffer by a 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. Example of personal ethics - ANSWERSpeaking the truth, respecting elders, and never purposely hurt others. Example of professional ethics. - ANSWERBeing punctual, refraining from gossip, and having good time management Provide an example of when personal and professional ethics may conflict - ANSWERUnder the 'Code of Conduct,' police officers are obligated to enforce and uphold the law even if they don't agree with it. What are the 4 main ethical issues and their roles within organizations - ANSWERSocietal, Stakeholder Issues, Internal Issues, Personal Issues Societal Issues - ANSWERRelates to society and getting involve in societal issues out of care and concern. Stakeholder Issues - ANSWERAnyone affected by the company's actions (consumers, employees, suppliers, and people within the community). Internal issues - ANSWERRelates to relationship between organization and its employees (fairness in management, pay, and employee participation). Personal Issues - ANSWERDeals with how employees treat each other (gossiping, taking credit for someone else's work). What are some benefits to an organization that practices high ethics? - ANSWERbenefit from the trust of their stakeholders and has a competitive a