2. Business Ethics Mid-term Review Dr. Barbara Lyon, SPHR (Note: Be sure to check the after-the-game review items located at the end of this slide show.)

4. SWYK Instructions 1.Each contestant will choose a category. (Ex: I’ll take FLSA for $200) 2.Response must be in the form of a question. (Ex: What are the overtime exemption categories?) 3.Kick it up a notch with SWYK Kick items by choosing to double the value posted on the game board. 4.The three contestants with the largest amount in their $WYK CA$H Pot will play… SWYK SHOWDOWN!

5. SWYK Board Instructions 1.Select a category on the main game board (slide 4). 2.On the main game board, click on the dollar amount of the item chosen. The item will appear on a separate slide. 3.To reveal the correct response, click in the blue space under the question. 4.To return to the main game board, click on the yellow arrow/box.

6. Business Ethics What’s at Stake? Emerging Issues Ethics Laws/ Institution Ethical Leadership $1 00 $1 00 $1 00 $1 00 $1 00 $5 00 $5 00 $5 00 $5 00 $10 00 $10 00 $10 00 $10 00 $20 00 $50 00 $20 00 $20 00 $20 00 $20 00 $50 00 $50 00 $50 00 $50 00 $5 00 $10 00

7. A: This is an organization’s obligation to maximize its positive impact on stakeholders and to minimize its negative impact. Q: What is social responsibility? ($1.00)

8. A: This step refers to abiding by all laws and government regulations. Q: What is legal? ($5.00)

9. A: This step refers to maximizing stakeholder wealth and/or value. Q: What is economic? ($10.00)

10. A: This step follows standards of acceptable behavior as judged by stakeholders. Q: What is ethical? ($20.00)

11. A: The top step of social responsibility, this step refers to giving back to society. Q: What is philanthropic? ($50.00)

12. A: This group includes customers, investors, shareholders, employees, suppliers, government agencies, communities and others who have a stake in some aspect of a company. Q: What are stakeholders? ($1.00)

13. A: This is described as one of an organization’s greatest intangible assets with tangible value. Q: What is reputation? ($5.00)

14. A: These stakeholders are not essential for a company’s survivor, as they do not typically engage in transactions with the company. Q: What are secondary ($10.00) stakeholders?

15. A: This is founded in classic economic precepts, including the goal of maximizing wealth for investors and owners. Q: What is the stakeholder ($20.00) model of corporate governance?

16. Q: What is a stakeholder ($50.00) interaction model? A: In this, there are two-way relationships between the firm and a host of stakeholders.

17. A: This is any purposeful communication that deceives, manipulates or conceals facts in order to create a false impression. Q: What is fraud? ($1.00)

18. A: Laws such as the Copyright Act of 1976 were designed to protect this. Q: What is intellectual property? ($5.00)

19. A: This may be violated by discrimination based on gender, such as sexual harassment. Q: What is Title VII of the ($10.00) Civil Rights Act of 1964?

20. Q: What is the Kyoto Protocol? ($20.00) A: This international treaty is concerned with global warning and is committed to reducing the emissions of greenhouse gasses.

21. A: This commission can bring cases to court on behalf of employees who face discrimination based on gender, race, religion, etc. Q: What is the Equal Employment ($50.00) Opportunity Commission (EEOC)?

22. Q: What is the Environmental ($1.00) Protection Agency (EPA)? A: This agency was created to coordinate environmental agencies involved in enforcing the nation’s environmental laws.

23. A: This type of law defines the rights and duties of individuals and organizations (including businesses). Q: What is civil law? ($5.00)

24. Q: What is pro-competitive legislation? ($10.00) A: These laws have been passed to prevent the establishment of monopolies and other practices that reduce or restrict competition.

25. Q: What is the Sarbanes-Oxley Act? ($20.00) A: This law requires corporations to establish codes of ethics for financial reporting.

26. A: This board monitors accounting firms that audit public corporations. Q: What is the Public Company ($50.00) Accounting Oversight Board?

27. Q: Who are significant others? ($1.00) A: These are those who have influence in a work group, including peers, managers, coworkers and subordinates.

28. A: This characteristic related to a person’s perception of social pressures and the harm the decision will have on others. Q: What is moral intensity? ($5.00)

29. Q: What is a transformational leader? ($10.00) A: This type of leader strives to raise employees’ level of commitment and to foster trust and motivation.

30. A: The conditions in an organization that limit or permit ethical or unethical behavior are defined as this. Q: What is opportunity? ($20.00)

31. Q: What is the locus of control? ($50.00) A: This relates to individual differences in relation to a generalized belief about how one is affected by internal versus external events or reinforcements.

32. Key Terms to Study Business ethics Code of conduct Corporate espionage Defense Industry Initiative on Business Ethics & Conduct Ethical issue Federal Sentencing Guidelines for Organizations –U.S. Sentencing Commission Foreign Corrupt Practices Act Kennedy’s “Consumers’ Bill of Rights” Kohlberg’s model of cognitive moral development Philanthropic activities Reagan/Bush Era focus Sarbanes-Oxley Act Social Responsibility (hierarchy of dimensions)

33. Key Terms to Study Agency law Affirmative action Community responsibility Competitive strategy and business ethics Conflict of interest Consumer privacy Corporate governance Discrimination Honesty Integrity Internal and external rewards Moral philosophy Stakeholder Stakeholder interaction model Stakeholder orientation Trust Egoism Deontology Justice Relativism Teleology Utilitarianism

34. Key Terms to Study Civil law Criminal Law Fraud Lying Marketing ethical issues (ethical dimensions) Environmental Protection –Federal Water Pollution Act –Clean Air Act –National Environmental Policy Act –Toxic Substances Control Act Title VII, Civil Rights Act –Americans with Disabilities Act –Pregnancy Discrimination Act –Equal Pay Act

35. Thoughts Ethical decision-making begins when the issue is important enough to openly discuss it with others Good BE decision-making is linked to experience and BE understanding Good BE practice improves stakeholder satisfaction Trust is a key issue in all personal communication