O.M. FINALS QUIZ - 004 - Ethics and Corporate Responsibility

Ethics can be defined as the _________ principles that govern the behavior of individuals or organizations in society.

A company adhering to the _________ model focuses on fairness in the allocation of benefits and burdens.

_________ is the responsibility of businesses to manage their operations in a way that enhances societal and environmental well-being.

The _________ model of ethics evaluates actions based on their contribution to the greatest good for the greatest number of people.

_________ communication ensures that ethical standards and practices are effectively disseminated throughout an organization.

A lack of transparency in corporate actions often leads to public accusations of _________, especially in environmental claims.

The practice of reporting on sustainability efforts, such as Starbucks’ public reports, demonstrates the role of _________ in building trust.

_________ risk refers to the potential harm to a company’s reputation and credibility if its ethical claims are perceived as insincere.

Establishing a _________ allows organizations to define the ethical expectations and behaviors for their employees.

_________ involves removing unsafe or defective products from the market as part of ethical business practices, as seen in the Tylenol case.