Describe the terms authority, responsibility, and accountability and how they relate to ethical behavior.

What will be an ideal response?


Authority is a positional right within the organization that allows the person to give orders to others in order to accomplish organizational goals. Responsibility requires the individual to accept their positional obligation to use the company’s resources effectively to help reach the organization’s goals. Accountability is the personal duty to use organizational resources correctly, and if we do not do so, we can be held personally liable for that misuse.

Business

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Fernando, a manager at a top engineering company, believes he can hire a few employees by promising them job security and later terminating them if business slows down. On what grounds could such a termination be considered a wrongful discharge?

A. Desperate times call for desperate measures. B. The company overpaid the terminated employees. C. The company has policies for handling misbehavior. D. The terminations deviate from the promise of job security in the work agreement. E. The company is under financial constraints and, at times, has to have employee layoffs.

Business

A sampling frame is a representation of the elements of the target population, which consists of a list, or set of directions for identifying the target population

Indicate whether the statement is true or false

Business

According to counselor and public relations professor Barry Zusman, what should you do to pare for public relations employment?

A) Become a strong writer. B) Be prepared to accept a low starting salary. C) Focus on perks. D) Learn about health care.

Business

The constant growth DCF model used to evaluate the prices of common stocks is conceptually similar to the model used to find the price of perpetual preferred stock or other perpetuities.

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

Business