Readers ask: Why Is It Important To Monitor The Employment Practices Of Foreign Suppliers?

Which act requires companies to set up confidential systems so that red flags can be raised about suspected illegal and unethical practices?

the act that requires companies to set up confidential systems so that “red flags” can be raised about suspected illegal and unethical business practices. correct order for the following lists of steps involved in a systematic approach to implementing ethical concerns in business.

Which of the following would be Phil’s best rationale in arguing the $250000 payment is not illegal?

Which of the following would be Phil’s best rationale in arguing the $250,000 payment is not illegal? In deciding whether to make the payment, Phil states that he does not want to fall below the moral minimum in the decision.

Why is it important to monitor the employment practices of foreign suppliers A because foreign suppliers may be too lenient with their employees allowing for employee theft which causes higher prices for consumers B because corporate watch groups will discover and publicize unethical behavior by suppliers?

Because foreign suppliers may be overpaying their employees, causing a higher price to an American company, which then is passed on to consumers. Because foreign suppliers may be too lenient with their employees, allowing for employee theft, which causes higher prices for consumers.

Which of the following actions would not be an important factor in setting the right ethical tone for a company?

Which of the following actions would NOT be an important factor in setting the right ethical tone for a company? establishing a corporate noncompliance program. not likely to be good because although Margaret sets strict ethical standards for the other employees, she does not follow them.

Which of the following is true of the penalties under the Foreign Corrupt Practices Act?

The FCPA finds them acceptable if they expedite a routine governmental action. Which of the following is true of the penalties under the Foreign Corrupt Practices Act? Officers, directors, stockholders, employees, and agents are subject to a fine of up to $250,000 per violation and imprisonment for up to five years.

Who is subject to the US Foreign Corrupt Practices Act?

Who Is Covered by the FCPA? The FCPA applies to two broad categories of persons: those with formal ties to the United States and those who take action in furtherance of a violation while in the United States. U.S. “issuers” and “domestic concerns” must obey the FCPA, even when acting outside the country.

Which of the following government agencies jointly enforce the Foreign Corrupt Practices Act?

Violating the Foreign Corrupt Practices Act The Securities and Exchange Commission (SEC) and the Department of Justice (DOJ) are jointly responsible for enforcing the Foreign Corrupt Practices Act.

What are four of the determinants of ethical behavior?

The individual factors that determine the ethical standards of a person are moral development, personal values, family influences, Peer Influences and Life experiences.

How does being an ethical organization benefit our employees?

Employees who are ethically positive, honest, hardworking, and driven by principles of fairness and decency in the workplace, increases the overall morale and enhances the performance of an organization. A company that has established behavioral policies can improve its reputation and help ensure its long-term success.

What are the need for business ethics?

Protecting employees and shareholders: Business ethics are required to protect the interest of employees, shareholders, competitors, dealers, suppliers, customers, government, etc. It protects them from exploiting each other through unfair trade practices like cheatings or frauds.

Is a set of moral principles applied to the corporate setting?

Business or professional ethics Business ethics are a set of moral guidelines that influence how a company serves its customers and treats its employees and is often based upon the personal ethics of the company’s owner or manager.

Which of the following behavior is an example of ethical consideration within the purview of business relationships?

The following behavior is an example of ethical consideration within business relationships: keeping company secrets.

When a situation is legal but unethical?

The phrase ‘something may be legal but unethical’ means that while a particular action may be legal, it may not be the right thing to do.