MGT 521: Week_6_Knowledge_Check_Study_Guide. A grade

Differences Between a Firmâs Social Obligation, Social Responsiveness, and Social Responsibility Green Approaches/Shades of Green Model Factors to Determine Ethical Behavior Ways Managers can Encourage Ethical Behavior Concept: Differences Between a Firmâs Social Obligation, Social Responsiveness, and Social Responsibility As a university student, your institution’s social principles and practices reflect on you, as a stakeholder, in the organization. Therefore, it is your right to question how these practices should be evaluated in relation to the social issues that your school is addressing. If your university was paying minimum wage when necessary and applying the minimum legal standards to its employees’ work environment, it would be said to have fulfilled its . A. social obligation B. social responsibility C. social responsiveness D. social expectation As a university student, your institution’s social principles and practices reflect on you, as a stakeholder, in the organization. Therefore, it is your right to question how these practices should be evaluated in relation to the social issues that the school is addressing. If your university provides job-share programs, builds a day-care facility, and only uses recycled paper, it could be said to be . A. fulfilling its social obligation B. socially aware C. socially responsive D. socially image conscious An organization with a perspective on social responsibility is focused on maximizing profits. social responsibility B. social screening C. social profitability D. social obligation Concept: Green Approaches/Shades of Green Model The process of applying social and environmental criteria to an investment decision is known as . A. green management B. values-based management C. community investing D. social screening In the social screening process, organizations would not invest in companies that were not deemed socially responsible. Some companies that would not be considered socially responsible are those that involve weapons, alcohol, fraud, and so forth. Managers who consider the impact of their organization on the natural environment are said to be practicing . A. values-based management B. ethics-based management C. conventional management D. green management Organizations use green management to recognize the importance of preserving the environment; therefore, they are contributing to society instead of hurting or endangering it. In which of the following approaches of going green does the organization exhibit the least environmental sensitivity? A. Light green approach B. Deep green approach C. Market approach D. Stakeholder approach A light green approach has also been called a legal approach. It is a social obligation in that the organization is acting legally responsible but not going beyond that. Concept: Factors to Determine Ethical Behavior At the level of moral development, a person’s choice between right and wrong is based on personal consequences from outside sources. preconventional B. conventional C. principled D. elevated At the preconventional level, an individual looks to those things on the outside, instead of having an internalized value system in making decisions. At the level of moral development, ethical decisions rely on living up to the expectations of others. A. principled B. conventional C. conscientious D. preconventional At this second level, individuals are moving beyond basing right from wrong on external factors. However, the individual is focused on ensuring that he or she is doing what others expect. In which of the following stages of moral development do individuals value the rights of others and uphold absolute values and rights, regardless of the majority’s opinion? A. Preconventional stage B. Conventional stage C. Principled stage D. Established stage At the principled level, an individual moves away from what others think of as right and wrong to what is right or wrong for himself or herself. represent basic convictions about what is right and wrong. A. Dogmas B. Values C. Cultures D. Beliefs Values are based on what individuals think is right or wrong. These are formed by observations and interactions with family, friends, and authority figures. Concept: Ways Managers can Encourage Ethical Behavior A is a formal statement of an organization’s primary values and the ethical rules it expects its employees to follow. A. mission statement B. code of purpose C. code of ethics D. vision statement A code of ethics is important in organizations so that employees understand what is expected of them. Typically, these include honesty, respect, and responsibility. Organizations create an ethical code that exemplifies the values and morals they want to uphold in conducting business. One category of an ethical code typically consists of being a dependable organizational citizen. Activities that can be included in this section are A. complying with antitrust and trade regulations B. complying with accounting rules and controls C. providing high-quality products or services D. demonstrating fairness and honesty Being a dependable organizational citizen includes being honest and fair. Therefore, it is important for employees to demonstrate these values by treating coworkers and customers fairly and keeping their word when working with these evaluate management practices related to the organization’s ethical code. Protective mechanisms B. Whistle-blowers C. Financial disclosures D. Independent social audits Independent social audits are conducted on either a regular basis or on a random basis to ensure compliance and deter unethical behavior.