LWC1 Study Guide
LWC1 STUDY PLAN
Before beginning this study plan, it is critical that you have access to both textbooks and the SKillSoft Library. All WGU assessments are created using these textbooks, so they will be your primary resources as you move through this work. When you work through this student plan, type in your answers to the questions below and create a study guide using the key terms from each section. You may also consider using the key terms to create flash cards that can be used as you prepare for the exam.
ETHICAL ISSUES IN BUSINESS: Chapters 1-4
For each of the chapters do the following:
Look up the answers to the questions asked below.
Answer the end of chapter question (there are only a few) and check your answers.
Complete the interactive quizzes in the COS—make sure to write down the ones you miss so that you can focus on specific topics.
Chapter 1:
1. How would you define “business ethics”?
2. How has “business ethics” developed over time?
3. What is involved in developing an ethical culture in an organization?
4. What are three benefits to business of a clear ethical framework?
Chapter 2:
1. What are various stakeholder roles in business ethics?
2. What is an accepted definition of social responsibility?
3. Describe relationships between stakeholder orientation and social responsibility.
4. What should be the role of corporate governance in establishing an ethical climate within an organization?
5. List the steps involved in implementing a stakeholder perspective in business ethics.
Chapter 3:
1. Describe ethical issues in the context of organizational ethics.
2. How do ethical issues relate to basic values of honesty, fairness, and integrity?
3. Delineate and identify unethical behaviors as business ethics issues.
4. What are three challenges of determining an ethical issue in business?
Chapter 4:
1. How do you distinguish between voluntary and mandated boundaries of ethical behavior?
2. What are the key
Before beginning this study plan, it is critical that you have access to both textbooks and the SKillSoft Library. All WGU assessments are created using these textbooks, so they will be your primary resources as you move through this work. When you work through this student plan, type in your answers to the questions below and create a study guide using the key terms from each section. You may also consider using the key terms to create flash cards that can be used as you prepare for the exam.
ETHICAL ISSUES IN BUSINESS: Chapters 1-4
For each of the chapters do the following:
Look up the answers to the questions asked below.
Answer the end of chapter question (there are only a few) and check your answers.
Complete the interactive quizzes in the COS—make sure to write down the ones you miss so that you can focus on specific topics.
Chapter 1:
1. How would you define “business ethics”?
2. How has “business ethics” developed over time?
3. What is involved in developing an ethical culture in an organization?
4. What are three benefits to business of a clear ethical framework?
Chapter 2:
1. What are various stakeholder roles in business ethics?
2. What is an accepted definition of social responsibility?
3. Describe relationships between stakeholder orientation and social responsibility.
4. What should be the role of corporate governance in establishing an ethical climate within an organization?
5. List the steps involved in implementing a stakeholder perspective in business ethics.
Chapter 3:
1. Describe ethical issues in the context of organizational ethics.
2. How do ethical issues relate to basic values of honesty, fairness, and integrity?
3. Delineate and identify unethical behaviors as business ethics issues.
4. What are three challenges of determining an ethical issue in business?
Chapter 4:
1. How do you distinguish between voluntary and mandated boundaries of ethical behavior?
2. What are the key