Unit 1 - Ethics and culture in business

Business ethics is a set of moral _____ that govern behavior in a business context.

principles, policies and values

The ______ of an organization refers to the collective beliefs, values, and norms that shape its practices.

culture

An ________ culture promotes innovation and risk-taking within a company.

adhocracy

______ is the quality of being right, honest, or acceptable in business conduct.

morality

_______ is a moral principle or standard of good behavior that guides actions

ethic/ principle

The ______ of a company outlines its long-term goals and the desired future position

vision

An ______ organizational culture is one where ethical behavior is encouraged and practiced.

ethical

________ responsibility refers to the obligations a company has to act in ways that benefit society.

social

The process of ensuring compliance with laws, principles, and company policies is known as ________.

governance/ organizational ethics/ compliance

______ is the respect and fair treatment expected towards all stakeholders in business.

dignity

A ______ is a false idea or belief, often based on a misunderstanding.

misconception

______ refers to the ethical principles that govern decisions and behavior at a company or organization.

Code of ethics/ corporate ethics

A ________ culture values competition and a focus on achieving strong individual performance.

market

An organization’s ______ culture reflects its ethical practices and values.

ethical/ corporate

________ ethics involves understanding and applying ethical principles to business situations.

business

The ______ of business activity can have significant social and environmental impacts.

consequence/ sustainability

_____ handling refers to the compassionate treatment of animals used in research.

humane

________ practices in business can lead to loss of reputation and legal issues.

unethical

A _______ is a set of rules or guidelines that dictate expected behavior within an organization.

code of conduct

Business ethics can help a company maintain a good ____ and build trust with customers.

reputation

The __________ of a company includes its beliefs, values, and practices.

culture

A ______ is a person or group that has an interest in the success or failure of a business.

stakeholder

______ is the act of reporting illegal or unethical behavior within an organization.

whistleblowing

The company was praised for its commitment to _______, ensuring that all business operations were conducted transparently.

ethics/ transparency

A ______ of interest occurs when personal interests conflict with professional duties.

conflict

The company’s __________ plan includes reducing carbon emissions and increasing energy efficiency. 

sustainability

_________ leadership involves guiding others by setting a good moral example.  

ethical

Employees are expected to follow the company's ______ of conduct, which outlines acceptable behavior.

code

__________ responsibility refers to a company’s duty to contribute to the welfare of society.

corporate social

The board of directors is responsible for ensuring good corporate ________, which involves overseeing the company’s management and operations

governance

The company’s ________ audit revealed several instances of non-compliance with industry regulations.

compliance

Transparency and ______ are essential for building trust with stakeholders.

accountability

The company's __________ policies include equal pay and non-discrimination in the workplace

ethical

________ is the quality of being honest and having strong moral principles.

Integrity

__________ is the practice of avoiding harm to the environment and ensuring long-term business viability.

sustainability

A __________ approach in business ensures that decisions are made based on moral and ethical considerations.

value-based

The company introduced new __________ measures to ensure all employees follow ethical guidelines.

compliance

__________ standards are the criteria that guide ethical decision-making and behavior.

ethical

The company faced a major __________ when it was discovered that its products were not ethically sourced.

scandal

Corporate ________ refers to a company’s efforts to contribute positively to society and the environment.

social responsibility/ citizenship

Employees are encouraged to speak up if they notice any ________ behavior within the company.

unethical

The company’s ___ report outlined its achievements in reducing waste and promoting recycling.

sustainability

 A company’s __________ can be damaged if it engages in unethical practices.

reputation

_________ in business means being open and honest in all transactions.

transparency

The company's __________ activities include volunteering and charitable donations.

social

The ___________ practices of a company are crucial for building long-term success.

ethical/ sustainable

________ is the principle that businesses should act in a way that benefits society and the environment.

Corporate social responsibility

The _________ of ethics in the workplace helps prevent conflicts and promotes a positive work environment.

code

A strong _________ culture helps ensure that all employees adhere to the company’s ethical standards.

ethical/ organizational/ corporate

The company’s ____ stance on environmental issues has earned it widespread praise.

ethical