Question

12. Fin the banks in the following sentence with the best choice of two words listed below and the correct orders are specific and pervasive boundaries that are wbsolute, while are used to develop norms that are socially unforceable. # Policies and principles, respectively b. Principles and values, respectively C. Norms and morals, respectively d. Standards and values, respectively 13. Which of the following is not an important factor relating to corporate codes of conduct Development should involve the Board, executives, senior manage and lega l b. Should address specific high-risk activities within the scope of daily operations Should include all legal regulations that any employee might possibly encounter Use of rewards and punishments increases likelihood of effectiveness/acceptance of code 14. Every year, the bottom 20% of Enron's workforce was asked to leave because the individual performance was rated as needs improvement. This is an example of the use of which of the following corporate leadership powers: Reward Power Coercive Power Utilitarian Power d. Referent Power 15. A strong business ethics program generally includes all of the following except: a a code of conduct. ban ethics or compliance officer. c. an ethics training program, d. assigned ethics traditions. 16. Although the law can be a "floor" for ethics, following the law and being ethical should not be considered the same thing for all of the following reasons except: a. the law does not answer every challenging dilemma. b. the law is not always enforced. c. the law is slow to catch up with new business developments/resulting quandaries, d. the law is not necessarily representative of universal (or your morals 17. Which of the following is not one of the foundations of business ethics? a. Because personal values of an employee may differ from his/her company's values, a shared vision of ethical behavior is important to develop consistent and reliable relationships with all stakeholders. b. Avoid lawsuits / time in court (monetary and time costs of litigation can devastate a business): identify ethical issues and develop standards of conduct that incorporate both legal and ethical concerns. c. The aggregation of individual employee's moral philosophies will lead to a collective consistent ethical culture; thus, businesses should focus on reinforcing those personal moral philosophies to achieve the greatest ethical good. d. The line between legal and ethical issues is often difficult to draw; as a result, businesses need organizational mechanisms for resolution of many questionable issues.

Answer 1

12) (b) Principles and values; respectively

Principle is a fundamental truth that serves as a foundation for a system of belief. Values are qualities that govern the behavior of a person. The main difference between values and principles is that principles are based on person’s values. Therefore it is values that act as the foundation for principles.