When a firm undertakes corporate social initiative it is?

When a firm undertakes corporate social initiatives it is: Making donations that are directly related to a firm’s corporate competency.

What is a social audit in business quizlet?

A social audit is a systematic evaluation of an organization’s progress toward implementing socially responsible and responsive programs. A social audit monitors corporate social responsibility efforts, industrial projects that might have a negative impact on the environment, and violations.

What describes a unique focus of an integrity based ethics code?

An integrity based ethic code has a unique focus of (a) Shared accountability among employees.

What is the danger in writing new laws to correct behavior?

The danger in writing new laws to correct behavior is that people may begin to think that any behavior that is within the law is also acceptable. When people consider only what is illegal, and not what is ethical, a society gets into trouble.

Which term describes someone who reports illegal or unethical behavior?

Whistleblower describes someone who reports illegal or unethical behavior.

What is compliance ethics?

A compliance-based code of ethics is developed to ensure that the business and its employees comply with all laws and regulations in an appropriate manner. Three key elements include the prevention, detection and punishment of non-compliant behavior. … Compliance-based codes have an emphasis on not violating laws.

How can a social audit identify issues in an organization?

The audit helps companies to determine if they’re meeting their objectives, which may include measurable goals and benchmarks. A social audit serves as a way for a business to see if the actions being taken are being positively or negatively received and relates that information to the company’s overall public image.

How do companies conduct a social audit?

How do companies conduct a social audit? With an Internal systematic examination that measures and monitors the progress of the company in meeting its corporate social responsibility goals.

What is the most effective way to encourage ethical business behavior?

1.Lead By Example

  1. Create a code of ethics.
  2. Hire with an emphasis on ethical behavior.
  3. Refer staff to the compliance department.
  4. Reward ethical behavior in the workplace.
  5. Promote only employees who demonstrate ethical behavior.
  6. Communicate the importance of ethics via regular emails or employee meetings.

Which is a characteristic of an effective ethics officer?

Are ethics officers effective? The most effective ethics officers set a positive tone, communicate effectively, and relate well to employees at every level. They are equally comfortable as counselors and investigators and can be trusted to maintain confidentiality, conduct objective investigations, and ensure fairness.

Is perhaps the most important step in an effective code of ethics?

Enforcement is perhaps the most important step in an effective code of ethics. … Due to the fact that American ethical standards are very clear-cut, international suppliers do not have difficulty adhering to them.

What is the term for the stated and lived values of a company?

Corporate values are the stated and lived values of a company.

What is the difference between being ethical and being legal?

Legal standards are those standards that are set forth in governmental laws. Ethical standards are based on the human principles of right and wrong. The differences between them are these: Legal standards are based on written law, while ethical standards are based on human rights and wrongs.

Is obeying the law ethical behavior?

Obeying the law is the minimum level of ethical conduct enforced in society; ethical behavior includes more than simply legal behavior. … Business ethics, and the codes that formally define it, always include elements that go beyond strict legality; they demand adherence to a higher standard.

Which of the following is an example of ethical conduct?

Examples of ethical behaviors in the workplace includes; obeying the company’s rules, effective communication, taking responsibility, accountability, professionalism, trust and mutual respect for your colleagues at work. These examples of ethical behaviors ensures maximum productivity output at work.

Does ethical behavior requires more than following the law?

Ethical behavior requires more than following the law, but following the law is an important first step. Legality is narrower. Laws that protect us from fraud, theft, and violence determine ethical behavior. … A code of ethics designed to avoid criminal misconduct is an example of a compliance-based ethics code.

Which of the following is a reason why a business should be managed ethically?

A business should be managed ethically for many reasons: to maintain a good reputation; to keep existing customers and attract new ones; to avoid lawsuits; to reduce employee turnover; to avoid government intervention; to please customers, employees and society.

What are some ethical dilemmas in business?

Types of Ethical Issues in Business

What are the five codes of ethics?

What are the five codes of ethics?

What are the 7 elements of an effective compliance program?

Seven Elements of an Effective Compliance Program

What are the 7 principle of ethics?

This approach – focusing on the application of seven mid-level principles to cases (non-maleficence, beneficence, health maximisation, efficiency, respect for autonomy, justice, proportionality) – is presented in this paper. Easy to use ‘tools’ applying ethics to public health are presented.

What is an example of a social audit?

A social audit is an official evaluation of an organization’s involvement in social responsibility projects or endeavors. For example, a local family store makes a clothing donation to a local church that has a homeless shelter for women and children. The store makes a similar donation three times a year.

What are the steps in social audit?

Steps for Social Auditing

  1. Step 1: Defining boundaries of social audit. …
  2. Step 2: Stakeholder identification and consultation. …
  3. Step 3: Identifying key issues and data collection. …
  4. Step 4: Social audit findings and verification. …
  5. Step 5: Public meeting. …
  6. Step 6: Institutionalization of social audit.

What are the goals of social audit?

A social audit helps to narrow gaps between vision/goal and reality, between efficiency and effectiveness. It is a technique to understand, measure, verify, report on and to improve the social performance of the organization. Social auditing creates an impact upon governance.

Which is the code of conduct?

A code of conduct is the most common policy within an organization. This policy lays out the company’s principles, standards, and the moral and ethical expectations that employees and third parties are held to as they interact with the organization.

What is a final audit?

The final audit is a section of the audit test (What is Reasonableness Test?) that the auditors will usually perform on their customer’s financial statements after their customer has generated their company’s financial statements or at the end of the year.

What are the limitations of social audit?

Disadvantages

What two basic areas would a code of ethics cover?

The code of ethics usually includes the six universal moral values that state you expect employees to be trustworthy, respectful, responsible, fair, caring and good citizens. You can also include values such as celebrating diversity, using green standards in the workplace, or dress codes.

How do you promote ethical behavior?

Promoting Workplace Ethics

  1. Be a Role Model and Be Visible. Employees look at top managers to understand what behavior is acceptable. …
  2. Communicate Ethical Expectations. …
  3. Offer Ethics Training. …
  4. Visibly Reward Ethical Acts and Punish Unethical Ones. …
  5. Provide Protective Mechanisms.

What are the factors influencing ethical behavior?

There are three major factors that can affect your ethical behavior: Individual factors, such as knowledge, values, personal goals, morals and personality. Social factors, such as cultural norms, the Internet and friends and family.