Whats1iss1thes1purposes1ofs1CSR?
WGU - D072 - Fundamentals for Success in
Business Questions and Correct Answers/
Latest Update / Already Graded
What are VALUES?
Ans: The core beliefs that guide decisions and behavior,
helping individuals distinguish right from wrong.
What are MORALS?
Ans: Specific rules derived from core values that guide our
actions. Shared values within a community.
What are ETHICS?
Ans: Guidelines, often referred to as code of conduct, that
organizations use to shape behavior based on shared values.
What is a Code of Conduct?
Ans: A set of guidelines and standards that outline the
expected behavior, ethical practices, and responsibilities of
individuals within an organization, ensuring consistency,
professionalism, and integrity in their action.
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What are some traits of businesses that utilize Organizational Ethics?
Ans: Better reputation, stronger customer loyalty, stakeholder
trust, often lead the way in making the world a better place.
What are the 4 main levels of ethical issues within organizations?
Ans: 1.) Societal Issues (environmental)
2.) Stakeholder Issues (policies that affect customers,
employees, suppliers, and people within the community)
3.) Internal Policy Issues (the relationship between the company
and its employees)
4.) Personal Issues (interactions between people within the
organization. Gossip)
What's the relationship between laws and personal ethics?
Ans: For issues that law doesn't cover, sometimes personal
ethics can fill the void.
What are STAKEHOLDERS?
Ans: Individuals or groups affected by a decision, such as
employees, customers, investors, and the community.
What are some traits of businesses with questionable ethics?
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Ans: Dwindling customer bases, employee turnover, investor
mistrust, fines and lawsuits.
What is the Ethics and Compliance Initiative (ECI)?
Ans: It suggest that the ethical tone of a business is set by the
organizational leadership.
Where to ethics and integrity tend to start (or fail)?
Ans: At the top and then it "trickles" down.
What happens if executives set unrealistic goals and failure carries
severe personal consequences?
Ans: Employees may feel pressured to compromise ethical
standards.
What does CSR stand for?
Ans: Corporate Social Responsibility
Ans: s1Focuses s1 ons1showing s1 how s1businesses s1 can s1positively s1 impa
ct s1 society s1 through s1 activities s1 like s1 charity s1 work, s1volunteering,
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environmental s1 projects, s1 ands1humanitarian s1 efforts. s1 Business
es s1 show s1CSR s1even s1 ifs1the s1ethical s1 solution s1 might s1 also s1gener
ate s1 as1loss s 1 fors1thes1organization.
Whos1doess1CSRs1mores1benefit?
Ans: s1 Stakeholders s1 with s1less s1 influence, s1 like s1people s1 living s1 n
ear s1corporate s1 offices s1 ors1factories.
Whats1ares1CSOs?
Ans: s1 Chief s1 Officers s1 ofs1Corporate s1 Social s1 Responsibility/Chie
f s1 Sustainability s1 Officers.
Executives s1 that s1 manage s1 efforts s1 tos1make s1as1profit s1 while s1 also
s1 benefiting s1 society.
Whats1ares1somes1typess1ofs1stakeholders?
Ans: s1 Community s1 members, s1 employees, s1 customers, s1 shareh
olders, s1 suppliers, s1 government s1 agencies.
Whats1iss1Socials1Entrepreneurship?
Ans: s1 Thes1 use s1ofs1innovative s1 business s1 methods s1 tos1address s1 s
ocial s1 ors1environmental s1 issues s1 while s1 generating s1 profit.
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