WGU D072 Fundamentals for Success in Business
Exam 205 Questions with Verified Answers
refers to the ethics a person identifies with, which guides how they interact with
others daily. - CORRECT ANSWER Personal Ethics
focuses on rules, principles and standards in respect to the business' activities -
CORRECT ANSWER Organizational ethics
· 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. -
CORRECT ANSWER Identify how ethics impact outcomes in organizations
Speaking the truth, respecting elders, and never purposely hurt others. - CORRECT
ANSWER Example of personal ethics
Being punctual, refraining from gossip, and having good time management -
CORRECT ANSWER Example of professional ethics.
Under the 'Code of Conduct,' police officers are obligated to enforce and uphold
the law even if they don't agree with it. - CORRECT ANSWER Provide an example
of when personal and professional ethics may conflict
Societal, Stakeholder Issues, Internal Issues, Personal Issues - CORRECT ANSWER
What are the 4 main ethical issues and their roles within organizations
,Relates to society and getting involve in societal issues out of care and concern. -
CORRECT ANSWER Societal Issues
Anyone affected by the company's actions (consumers, employees, suppliers, and
people within the community). - CORRECT ANSWER Stakeholder Issues
Relates to relationship between organization and its employees (fairness in
management, pay, and employee participation). - CORRECT ANSWER Internal
issues
Deals with how employees treat each other (gossiping, taking credit for someone
else's work). - CORRECT ANSWER Personal Issues
benefit from the trust of their stakeholders and has a competitive advantage in
the marketplace. - CORRECT ANSWER What are some benefits to an organization
that practices high ethics?
when an organization voluntarily engages in issues that are affecting the
environment, community or society at large. - CORRECT ANSWER Define
Corporate Social Responsibility (CSR).
· It's beneficial to both the organization and its stakeholders. It creates long-term
profits and shareholder's trust for the organization.
· Attract consumers who share the same values.
· Increases organization's brand image (awareness) /creates a better image
, · Creates an advantage over competitors. - CORRECT ANSWER What is the
importance of CSR in the organization and in the community?
· Organization is gives back to the community (food bank/ school supplies
giveaways, charities/donations, scholarships).
· Ability to influence organization's economic practices. - CORRECT ANSWER CSR is
important in the community because
Company ABC, states that they are becoming more eco-friendly. They show their
commitments by manufacturing in a sustainable way, using renewable products,
encouraging employees to recycle, partnering with like-minded people within the
community. - CORRECT ANSWER Company in accordance with their commitment
example:
Company DEF, states that they are becoming more eco-friendly, but their actions
are contrary. They don't manufacture in a sustainable fashion, don't practice
recycling. All the company's actions are detrimental to the environment. -
CORRECT ANSWER Company in discord with their commitment example:
Company's actions goes against their ethical commitments. - CORRECT ANSWER
Greenwashing
the ability of everyone in an organization to exist within a system of openness,
communication, and accountability - CORRECT ANSWER Internal transparency
Exam 205 Questions with Verified Answers
refers to the ethics a person identifies with, which guides how they interact with
others daily. - CORRECT ANSWER Personal Ethics
focuses on rules, principles and standards in respect to the business' activities -
CORRECT ANSWER Organizational ethics
· 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. -
CORRECT ANSWER Identify how ethics impact outcomes in organizations
Speaking the truth, respecting elders, and never purposely hurt others. - CORRECT
ANSWER Example of personal ethics
Being punctual, refraining from gossip, and having good time management -
CORRECT ANSWER Example of professional ethics.
Under the 'Code of Conduct,' police officers are obligated to enforce and uphold
the law even if they don't agree with it. - CORRECT ANSWER Provide an example
of when personal and professional ethics may conflict
Societal, Stakeholder Issues, Internal Issues, Personal Issues - CORRECT ANSWER
What are the 4 main ethical issues and their roles within organizations
,Relates to society and getting involve in societal issues out of care and concern. -
CORRECT ANSWER Societal Issues
Anyone affected by the company's actions (consumers, employees, suppliers, and
people within the community). - CORRECT ANSWER Stakeholder Issues
Relates to relationship between organization and its employees (fairness in
management, pay, and employee participation). - CORRECT ANSWER Internal
issues
Deals with how employees treat each other (gossiping, taking credit for someone
else's work). - CORRECT ANSWER Personal Issues
benefit from the trust of their stakeholders and has a competitive advantage in
the marketplace. - CORRECT ANSWER What are some benefits to an organization
that practices high ethics?
when an organization voluntarily engages in issues that are affecting the
environment, community or society at large. - CORRECT ANSWER Define
Corporate Social Responsibility (CSR).
· It's beneficial to both the organization and its stakeholders. It creates long-term
profits and shareholder's trust for the organization.
· Attract consumers who share the same values.
· Increases organization's brand image (awareness) /creates a better image
, · Creates an advantage over competitors. - CORRECT ANSWER What is the
importance of CSR in the organization and in the community?
· Organization is gives back to the community (food bank/ school supplies
giveaways, charities/donations, scholarships).
· Ability to influence organization's economic practices. - CORRECT ANSWER CSR is
important in the community because
Company ABC, states that they are becoming more eco-friendly. They show their
commitments by manufacturing in a sustainable way, using renewable products,
encouraging employees to recycle, partnering with like-minded people within the
community. - CORRECT ANSWER Company in accordance with their commitment
example:
Company DEF, states that they are becoming more eco-friendly, but their actions
are contrary. They don't manufacture in a sustainable fashion, don't practice
recycling. All the company's actions are detrimental to the environment. -
CORRECT ANSWER Company in discord with their commitment example:
Company's actions goes against their ethical commitments. - CORRECT ANSWER
Greenwashing
the ability of everyone in an organization to exist within a system of openness,
communication, and accountability - CORRECT ANSWER Internal transparency
