An ethical corporate culture includes:
A. A culture of do what I say, not what I do
B. Zero tolerance for individual and collective mistakes
C. An explicit statement of values.
D. A focus on results over process
Answer: C
You might also like to view...
A standard cost card is prepared after manufacturing standards have been developed for direct materials, direct labor, and factory overhead
Indicate whether the statement is true or false
Based on the definition of a crisis provided in the Harvard Business Review, when a crisis occurs, you should ________
A) provide dramatic and extraordinary intervention B) identify the stakeholders and brief them C) analyze management concerns D) ask outside experts to assist you
In which pricing technique does a retailer advertise and sell key items in the product assortment at less than their usual profit margins?
a. odd pricing b. price lining c. bait-and-switch advertising d. leader pricing
In 2017, it came to light that in order to meet its demanding profit target, Wells Fargo put such pressure on its employees to hit sales quotas that many employees responded by fraudulently opening customer accounts. Wells Fargo's ethical lapses are NOT a good example of
A. how, within the boundaries of a social contract, local cultures or groups can specify what additional actions may or may not be ethically permissible. B. how certain universal ethical principles apply in those situations where all societies-those endowed with rationality and moral knowledge-have a common moral agreement on what is right and wrong. C. how universal ethical norms always take precedence over local ethical norms. D. how universal ethical principles or norms leave some "moral free space" for the people in a particular country (or local culture or even a company) to make specific interpretations of what other actions may or may not be permissible within the bounds defined by universal ethical principles. E. how local ethical norms always take precedence over universal ethical norms.