BUSINESS ETHICS 6

To satisfactorily perform or complete a task assigned by someone or created by one's own circumstances

To maximize profits for shareholders

To follow government regulations only

To delegate tasks to others

It helps businesses maximize profits at any cost.

It ensures businesses operate within legal and moral boundaries.

It encourages businesses to ignore social issues.

It allows businesses to avoid responsibility for their actions.

Employees

Government

Suppliers

Consumers

Responsibility is about completing assigned tasks, while accountability is about being answerable for outcomes.

Responsibility is only for employees, while accountability is only for managers.

Responsibility is about making profits, while accountability is about following laws.

Responsibility and accountability mean the same thing.

The obligation to account for activities and accept blame for failures

The ability to delegate tasks to others

The process of making profits for an organization

The act of motivating employees

Employees, customers, government, suppliers, stakeholders, creditors

Only employees and customers

Only government and suppliers

Only stakeholders and creditors

Pay fair wages and behave humanely

Ignore employee mistakes and pay bonuses

Assign jobs randomly and provide no leave

Treat employees strictly and pay minimum wage only

Payment of Taxes

Compliance of Government Rules

Not Correcting the Government Machinery

Seeking Political Patronage

Providing technical assistance

Supplying raw materials

Innovating indigenous supplies

Producing substitute products

Banks, Investment Companies, Savings and Loan Associations, Credit Unions

Banks, Insurance Companies, Stock Exchanges, Credit Unions

Banks, Venture Capitalists, Savings and Loan Associations, Credit Unions

Banks, Investment Companies, Savings and Loan Associations, Mutual Funds

Establish organizations for consumer protection

Keep in contact with customer associations

Ignore customer complaints

Follow rules and bylaws of consumer organizations

Hoarding practices

Customer research

Fair pricing

Establishing organizations

Maximizing profits at any cost

Following laws and regulations

Making decisions based on moral principles

Ignoring social responsibility