Echo Air Company (EAC)Echo Air Co. is a well-known establishment in the airline business. It is currently one of the top firms in the industry. The company prides itself on good customer service and being concerned with the broader societal good. EAC management is not only concerned with doing things right, but also with doing the right things. Many of their decisions reflect this philosophy. Initially, the company had a problem with employees reporting their suspicions about unethical behavior to the press instead of to EAC management. As a result, the company made sure its employees knew the firm's guidelines on fixing ethical issues. EAC also developed a code of conduct based on standards that continue to be upheld within the company. Since the code of conduct has been put in place,

there have been fewer ethical violations.Although employee salaries at EAC are not as high as those at competing firms, the company experiences very low employee turnover. The firm has created a corporate culture that not only makes its employees want to stay, but that also results in higher profits. If EAC can maintain the relationship it has built with its employees and customers, it will have little difficulty keeping up its remarkable success. ? Refer to Echo Air Company. EAC's creation of its code of conduct demonstrated its application of moral standards to business situations, which is also known as

A. moral responsibility.
B. social consciousness.
C. social responsibility.
D. moral consciousness.
E. business ethics.


Answer: E

Business

You might also like to view...

Some globalization strategies do not yield the expected results as evidenced by the:

A) acquiring of majority stake in Nissan Motor by Peugeot Citroen. B) leverage resulting from scale economies. C) leverage resulting from manufacturing. D) larger scale improvement of quality. E) unravelling of the DaimlerChrysler merger.

Business

When comparing several sites, typically a company will pick specific available site locations, then broaden their choices to communities, and finally to alternate regions

Indicate whether the statement is true or false

Business

Title does not pass in a lease

Indicate whether the statement is true or false

Business

Answer the following statement(s) true (T) or false (F)

As part of creating an innovative climate, a firm should base rewards given upon results achieved.

Business