Module 2 Pretest

Ethical leadership should include enforcing all local, state, and federal laws. If there is a legal grey area, leaders should err on the side of legality rather than exploiting a gap.

Competing fairly and honestly, communicating truthfully, being transparent, not causing harm to others.

The degree to which affected parties can observe relevant aspects of transactions or decisions.

A written statement that sets forth the principles that guide an organization's decisions.

The practical application of business ethics by the firm and a wider commitment to building a better society.

Commitment to following ethical practices and ensuring others follow ethics guidelines.

Everyone should have the same opportunities and be treated the same. If a practice or behavior would make you feel uncomfortable or place personal or corporate benefit in front of equality, common courtesy, and respect, it is likely not fair.

The pillar of corporate social responsibility that challenges how a company acts and how it contributes to society.

One of the benefits of CSR where workers are more likely to stick around a company that they believe in.

Refers to a situation where individual members of a group are held responsible for the group's actions as a whole.