which ethical criterion is described by the idea that a company should strive for efficiency course

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Which ethical criterion is described by the idea that a company should strive for efficiency? Egoism.

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What is the critical component in installing an effective ethics program?

The critical component in installing an effective ethics program is: a. To allow all employees the freedom to act as they wish. b. In hiring an expensive ethics consultant. c. The integration of various ethics safeguards into a comprehensive program. d. Maintaining the position as the industry sales leader.

What is a corporate ethics award?

The integration of various ethics safeguards into a comprehensive program. Recipients of the corporate ethics awards show that: a. Awards are based on economic power, not ethical performance. b. Firms can be financially successful and ethically focused. c. Being legally compliant results in receiving an ethics award. d.

What are integrity-based ethics programs?

Integrity-based ethics programs: a. Seeks to avoid legal sanctions. b. Combines concern for the law with an emphasis on employee responsibility. c. Threatens employees with punishment for non-compliance with the ethics program. d. Are predominately implemented within the European Union.

How many terms are there in the organizational ethics course?

Organizational Ethics 37 terms Jedi_Master33PLUS Ch. 5 Organizational Ethics 31 terms Tiger4life2017 buss & society ch. 6 14 terms cynthiapaolaaa Other sets by this creator Exam 3 Payroll and Business Tax

What are the core elements of effective ethical safeguards in companies?

Act with integrity, competence, diligence, respect, and in an ethical manner with the public. Maintain and improve their professional competence. Which company ethics safeguard is commonly implemented as an employee "helpline"?

What are integrity ethics programs?

Integrity-based ethics programs combine a concern for the law with an emphasis on employee responsibility for ethical conduct. Employees are told to act with integrity and conduct their business dealings in an environment of honesty and fairness.

Which company ethics safeguard is commonly?

Executives. Which company ethics safeguard is commonly implemented as an employee "helpline"? Reporting mechanisms.

When an organization builds ethical safeguards into its daily routines this is called?

Building ethical safeguards into a company's everyday routines is called: Institutionalizing ethics.

What are company ethics?

By definition, business ethics refers to the standards for morally right and wrong conduct in business. Law partially defines the conduct, but “legal” and “ethical” aren't necessarily the same. Business ethics enhances the law by outlining acceptable behaviors beyond government control.

What are the 5 code of ethics?

It is divided into three sections, and is underpinned by the five fundamental principles of Integrity, Objectivity, Professional competence and due care, Confidentiality, and Professional behaviour.

What is the importance of ethics training in an organization?

Training in Ethics helps the members of an organisation judge the moral legitimacy of their decisions, enabling them to apply moral principles and values in business decision-making.

What is ethical safeguard?

An ethical safeguard provides guidance or a course of action which attempts to remove the ethical threat. Ethical threats apply to accountants - whether in practice or business. The safeguards to those threats vary depending on the specific threat.

Who decides the business ethics for a company?

Define business ethics. 2. Who decides the business ethics for a company? The HR department.

What is organizational Ethical Culture?

Specifically, the ethical culture of an organization: teaches employees whether doing the right thing matters; makes doing what is right expected; and. includes formal ethics program elements, reward and punishment systems, and organizational myths.

What is ethical compliance?

A policy of ethical compliance helps to create a workplace culture where all employees are treated with respect. Employees are given equal access to advancement opportunities and the workplace becomes a positive and nurturing environment.

What are the common ethical issues that may arise at the workplace?

5 Common Ethical Issues in the WorkplaceUnethical Leadership.Toxic Workplace Culture.Discrimination and Harassment.Unrealistic and Conflicting Goals.Questionable Use of Company Technology.