WGU D072 FUNDAMENTALS FOR
SUCCESS IN BUSINESS (OA) EXAM
WITH 100% CORRECT AND VERIFIED
ANSWERS
, WGU D072 Fundamentals for Success in Business
Ethics is a ____________________ concerned with the meaning of all aspects of human behavior.
branch of philosophy
Ethics
encompasses the principles that guide a person's behavior (what's right and what's wrong)
Legal
denotes an act that is permissible or in conformity with the law of the land
Legal-ethical
when the law and personal or organizational ethics are in accordance with each other
Legal-unethical
dilemma in which established laws are not in accordance or do not uphold the ethical choice
Illegal-ethical
dilemma in which the ethical choice would be in violation of established laws
Personal ethics
guide interactions with others, both personally and professionally
What are some of the factors that influence someone's personal code of ethics?
Family & community, personal beliefs, experiences, and culture
Values
the stable, enduring goals that a person has for life
Morals
sets of rules that individuals develop based on cultural norms and beliefs
Organizational ethics
a branch of applied ethics that focuses on rules, principles, and standards in the context of business
activities
If an organization can create an ethically oriented culture they are more likely to do what?
Hire people who behave ethically
, 4 main levels of ethical issues within an organization:
1.) societal issues
2.) stakeholder issues
3.) internal policy issues
4.) personal issues
Describe societal issues relating to ethics within an organization
1.) concerns issues relating to the world as a whole
2.) involvement happens because of the ethics the organization creates out of care and concern for
individuals
Describe stakeholder issues relating to ethics within an organization
1.) concerns policies that affect its customers, employees, suppliers, and people within the community
Describe internal policy issues relating to ethics within an organization
1.) concerns internal relationships between a company and its employees
2.) examples include fairness in management, pay, and employee participation
Describe personal issues relating to ethics in an organization
1.) concerns how people treat others in their organization
2.) examples include gossiping at work or taking credit for another's work
Corporate Social Responsibility (CSR)
a philosophy in which a company voluntarily engages in actions that benefit society at large
Stakeholders are:
unions, the company's employees, investors, suppliers, consumers, local & national governments, and
communities that may be affected by corporate activities such as construction, manufacturing, and
pollution
The goal of CSR:
to increase long-term profits and shareholder trust through positive public relations and high ethical
standards to reduce business and legal risks by taking responsibility for corporate actions
World Trade Organization (WTO) function:
govern global trade by overseeing the implementation of trade agreements between nations
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?
compliance and ethics
Code of ethics
SUCCESS IN BUSINESS (OA) EXAM
WITH 100% CORRECT AND VERIFIED
ANSWERS
, WGU D072 Fundamentals for Success in Business
Ethics is a ____________________ concerned with the meaning of all aspects of human behavior.
branch of philosophy
Ethics
encompasses the principles that guide a person's behavior (what's right and what's wrong)
Legal
denotes an act that is permissible or in conformity with the law of the land
Legal-ethical
when the law and personal or organizational ethics are in accordance with each other
Legal-unethical
dilemma in which established laws are not in accordance or do not uphold the ethical choice
Illegal-ethical
dilemma in which the ethical choice would be in violation of established laws
Personal ethics
guide interactions with others, both personally and professionally
What are some of the factors that influence someone's personal code of ethics?
Family & community, personal beliefs, experiences, and culture
Values
the stable, enduring goals that a person has for life
Morals
sets of rules that individuals develop based on cultural norms and beliefs
Organizational ethics
a branch of applied ethics that focuses on rules, principles, and standards in the context of business
activities
If an organization can create an ethically oriented culture they are more likely to do what?
Hire people who behave ethically
, 4 main levels of ethical issues within an organization:
1.) societal issues
2.) stakeholder issues
3.) internal policy issues
4.) personal issues
Describe societal issues relating to ethics within an organization
1.) concerns issues relating to the world as a whole
2.) involvement happens because of the ethics the organization creates out of care and concern for
individuals
Describe stakeholder issues relating to ethics within an organization
1.) concerns policies that affect its customers, employees, suppliers, and people within the community
Describe internal policy issues relating to ethics within an organization
1.) concerns internal relationships between a company and its employees
2.) examples include fairness in management, pay, and employee participation
Describe personal issues relating to ethics in an organization
1.) concerns how people treat others in their organization
2.) examples include gossiping at work or taking credit for another's work
Corporate Social Responsibility (CSR)
a philosophy in which a company voluntarily engages in actions that benefit society at large
Stakeholders are:
unions, the company's employees, investors, suppliers, consumers, local & national governments, and
communities that may be affected by corporate activities such as construction, manufacturing, and
pollution
The goal of CSR:
to increase long-term profits and shareholder trust through positive public relations and high ethical
standards to reduce business and legal risks by taking responsibility for corporate actions
World Trade Organization (WTO) function:
govern global trade by overseeing the implementation of trade agreements between nations
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?
compliance and ethics
Code of ethics
