Module 6 Business Fundamentals

How many business principles are there (generally)

Meeting the needs of stakeholders while accounting for the impact on the community in which the business operates

Are business ethics essential for the success in modern business?

Need for a business to ensure the technology and information it gathers is being used ethically

A workplace should be inclusive diverse and fair for all employees regardless of race religion beliefs, age, or identity

Spreading false information

This is completely legal, especially if the data contains no personally-identifiable information

Companies often look to managers and employees to report any incidences they observe or experience

Does the right thing and strives to hold themselves to a higher standard.

Topics business ethics studies cover...

Common unethical business practices

Demonstrate confidentially and commitment to their employees and the company

Common unethical behaviour in the workplace

Fear of retaliation is not the primary reason employees cite for not reporting unethical behavior in the workplace

Companies ensure information about their financials are available to those interested in the business's success

Intentionally mismanaging accounts can make a company seem more profitable than it really is

The concept of business ethics began in the...

Can provide a company with information that gives it an unfair economic advantage.

Holding yourself and others responsible for their actions

Ethics does not make business sense

Truth in all matters is key to fostering an ethical climate

Moral principles which govern a person's behaviour or the conducting of an activity

Paying government officials or industry leaders to secure better deals or gain a foothold in the market

Code of conduct/ethics, guiding principles, reporting procedures, and training programs to enforce ethical behavior.

Difference between using marketing to paint a product or service in the best possible light and outright lying

Events important to investors and customers should be published, regardless of whether it is good or bad news.

People who surf the Web when they should be working