BMAL 590 Business Ethics Exam 2022 with complete solution

BMAL 590 Business Ethics Exam 2022 with complete solution The study of business ethics is important to better understand all of the following EXCEPT That business ethics is merely an extension of an individual's own personal ethics Social responsibility is An organization's obligation to maximize its positive effects and minimize its negative effects on stakeholders Which of the following was (were) developed in 1980s to encourage corporate support for ethical conduct by establishing a method for discussing "best practices?" Defense Industry Initiative on Business Ethics and Conduct The ________ was (were) enacted to restore confidence in financial reporting and business ethics after the accounting scandals of the early 2000s Sarbanes-Oxley Act In the history of business ethics, the 1990s can be best described as a time when business ethics was Institutionalized Which one of the following is not one of the rewards for being ethical and socially responsible in business? Greater employee turnover When employees see honesty, respect, and trust applied frequently in the workplace, they All of these Most strong organizational climates focus on the value of placing ________ interests first customers' To be successful, relationships with investors must rest on dependability, _________, and commitment Trust The rise of consumerism occurred during the 1960s Which of the following is the first step in the ethical decision-making process? Recognizing that an issue requires an individual or work group to make a choice that ultimately will be judged by stakeholders as right or wrong Which of the following is not one of six "spheres of influence" to which individuals are subject when confronted with an ethical issue? Education Which statement best describes the relationship between those who believe in external control (externals) and those who believe in internal control (internals)? Externals believe in going with the flow, while internals believe that they control events in their lives by their own effort and skill Obedience to authority is part of which of the following components of the ethical decision-making framework?