Ethics 2

Front 1

What is Value chain?

Back 1

the key functional inputs that an organization provides in the transformation of raw materials into a delivered product or service

Front 2

What is Organizational culture?

Back 2

the values, beliefs, and norms that all the employees of that organization share

Front 3

what is Ethical dilemma?

Back 3

A situation in which there is no obvious right or worng decision, but rather a right or right answer

Front 4

How do Marketers see themselves?

Back 4

Marketers see themselves as providing products (or services) to customers who have already expressed a need for and a desire to purchase those products.

Front 5

What is Conflicts of Interest?

Back 5

A situation where one relationship or obligation places you in direct conflict with an existing relationship or obligation

Front 6

What are HR function?

Back 6

HR professionals must help ensure that ethics is a top organizational priority.
HR must ensure that the leadership selection and development processes include an ethics component.
HR is responsible for ensuring that the right programs and policies are in place.
HR must stay abreast of ethics issues (and in particular the changing legislations and sentencing guidelines for unethical conduct).

Front 7

What is GAAP ?

Back 7

The generally accepted accounting principles that govern the accounting profession

Front 8

What is Corporate Social Responsibility (CSR) ?

Back 8

The actions of an organization that are targeted towards the achievement of a social benefit over and above maximizing profits for its shareholders and meeting all its legal obligations.

Front 9

What is The Instrumental Approach?

Back 9

The perspective that the only obligation of a corporation is to maximize profits for its shareholders in the provision of goods and services that meet the needs of their customers.

Front 10

What are the driving force behind CSR ?

Back 10

Transparency
Knowledge
Sustainability
Globalization
The Failure of the Public Sector

Front 11

What is Ethical CSR, Altruistic CSR, Strategic CSR?

Back 11

Ethical CSR
Organizations pursue a clearly defined sense of social conscience in managing their financial responsibilities to shareholders, their legal responsibilities to their local community and society as a whole, and their ethical responsibilities to ‘do the right thing’ for all their stakeholders.

Altruistic CSR
Organizations take a philanthropic approach by underwriting specific initiatives to “give back’ to the company’s local community or to designated national or international programs.

Strategic CSR
Philanthropic activities are targeted towards programs that will generate the most positive publicity or goodwill for the organization.

Front 12

what is Universal Ethics?

Back 12

Actions are taken out of duty and obligation to a purely moral ideal rather than based on the need of the situation, since the universal principles are seen to apply to everyone, everywhere, all the time

Front 13

What is Corporate Governance?

Back 13

The system by which business corporations are directed and controlled

Front 14

what is Utilitarianism?

Back 14

Ethical choices that offer the greatest good for the greatest number of people

Front 15

Why would you combine CEO & Chairman?

Back 15

First step in disregarding the corporate governance model – merge the roles of chief executive officer (CEO) and chairman of the board into one individual
In favor of merging – efficiency and conflict minimized
Opposed to merging – governance needs checks and balances

Front 16

What is Fiduciary responsibility ?

Back 16

Based on trust

Front 17

What is Human Resource Management?

Back 17

Section which coordinates the recruitment, training & development of personnel for all aspects of the organization.

Front 18

What is Information system?

Back 18

(IS or IT)
Section which maintain the technology backbone of the organization, data transfer & security , email communications, internal & external web sites, as well as the individual hardware and software needs that are specific to the organization and its line of business

Front 19

Who oversee the governance of an organization?

Back 19

The supervisory role that oversees all operational function

Front 20

Lawrence Kohlberg's framework

Back 20

Preconventional: 1-abedience & punishment
2- Individualism, instrumentalism, Exchange

Conventional: 3- good boy/nice girl
4-Law & order

Post-conventional: 5- Social contract
6- Principled conscience

Front 21

Stakeholder

Back 21

Someone with a share or interest in a business enterprise

Front 22

Corporate governance

Back 22

the system by which business corporations are directed and controlled

Front 23

Normative / prescriptive ethic

Back 23

evaluation of the degree to which the observed customs, attitudes, n rules can be said ethical

Front 24

Sarbanes-Oxley act 2002

Back 24

greater accountability for CEO and board of directors in signing off on the financial performance records of the organizations they represent

Front 25

Corporate Citizenship

Back 25

An alternative term for corporate social responsibility, implying that the organization is a responsible citizen in meeting all its obligations.

Front 26

Corporate Conscience

Back 26

An alternative term for corporate social responsibility, implying that the organization is run with an awareness of its obligations to society

Front 27

In the last 30 years alone, ----- of the planet's resources have been consumed.

Back 27

1/3 or 33%

Front 28

What is Carbon neutral operation?

Back 28

Operation by which companies offset whatever damage to the environment through greenhouse emissions by purchasing carbon positive projects.

Front 29

Who should be on the boards of directors?

Back 29

inside & outside members, elected by shareholder's meeting (AGM) for a specific period of time. They oversee the governance of the organization. True power of a board vary from institution to institution.

Front 30

Ethics

Back 30

is the study of how people try to live their lives accordingly to a standard of right or wrong behavior.

Front 31

R&D

Back 31

section that carry the responsibility of the future growth of the organization. Involvement in new products

Front 32

R&D function

Back 32

to develop a product design that will hopefully, will allow the organization to capture and maintain a leading position in their market

Front 33

a) who is responsible for monitoring the ethical practices of the organization?

Responsibility of managers

Back 33

a) managers


b) they are committed to an aggressive growth strategy while complying with all federal, sate, local laws.