Ethics and Corporate Responsibility

The video tutorial discusses ethics and social responsibility, highlighting recent corporate scandals like Enron and Worldcom. It explains that ethics can be subjective and vary across cultures. The Rotary Club's four-way test is introduced as a tool for ethical decision-making. The importance of ethical leadership and codes of ethics in companies is emphasized, with case studies on Enron and Martha Stewart illustrating unethical practices. Students are encouraged to study the chapter thoroughly and complete related assignments.

Which of the following companies is mentioned as an example of ethics violations?

• Google

• Enron

• Apple

• Microsoft

What is often considered a gray area in ethics?

• Standard of behavior

• Cultural norms

• Legal compliance

• Corporate profits

Which of the following is NOT typically considered a right value?

• Self-sacrifice

• Honesty

• Self-control

• Cowardice

What is the first question in the Rotary Club's four-way test?

• Is it profitable?

• Is it the truth?

• Is it beneficial?

• Is it popular?

Which question in the four-way test focuses on relationships?

• Is it the truth?

• Is it fair?

• Will it be beneficial?

• Will it build goodwill and better friendships?

What does the Enron scandal highlight about corporate culture?

• It has no impact on ethics

• It is always ethical

• It determines ethical practices

• It is irrelevant to business success

What is one way companies prevent ethics violations?

• Reducing work hours

• Increasing profits

• Incorporating codes of ethics

• Hiring more employees

What illegal activity was Martha Stewart involved in?

• Money laundering

• Fraud

• Insider trading

• Tax evasion

Why is insider trading considered unethical?

• It is always profitable

• It involves public information

• It is legal in some countries

• It gives unfair advantage

What should students do after watching the video?

• Forget the terms

• Read the chapter thoroughly

• Skip the quiz

• Ignore the chapter