Task 1 Part A Social Responsibility has become increasingly important in recent years. Many companies strive to do as much for their customers and the community they serve as possible. Although profits are important, socially responsible companies take more into account than just the bottom dollar. Company Q showed a great lack of social responsibility in several different ways, leading consumers as well as stakeholders to assume that the company’s attitude toward social responsibility is that
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Introduction This manual sets forth the official compliance policies of Edward Jones. All individuals employed by or working at the firm are required to familiarize themselves with the content and review the manual at least annually. While the manual addresses policies of a compliance nature, individuals are expected to conform to the laws, rules and regulations of the industry and their particular jurisdiction regardless of whether they are covered in this manual. Standards of fairness and
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Social Responsibility is a concept that lends the idea to companies and corporations that they should have practices and act upon things that have a positive outcome or repercussion is society, rather than be solely focused on maximizing profits (Investopedia, 2015). Company Q is facing an ethical dilemma by not wanting to donate left over food, specifically the higher-priced health foods, to food shelters because they believe their employees may lie about donating it. Company Q is demonstrating
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At Company X, it is our upmost desire to comply with rules and laws pertaining to our business, and to hold our values at a spectacular level. Our company values include responsibility, equality, honesty, confidentiality, respect, and integrity. These values are the building block of our company, and should be followed by all employees, management, and any persons associated with our business. By adhering to the code of conduct, our work environment will be comfortable and reliable, and will help
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Company Q as a small company in a large metropolis seems at this point focused more on attempting to regain profit and sustainability versus social responsibility. This seems more apparent in that they closed stores in high crime areas because of financial loss versus evaluating the local demand and perhaps changing their business model to be a more conducive fit for the local area. They also have issue with believing that their employee base would be more inclined to deceive the company and steal
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EST1 Task#310.2.1-05 Businesses in today's society have multiple areas that they need to pay attention to in order to be successful. Of course profits are important, without them a business will not be successful, but there are other areas that need attention as well. One such area is social responsibility. Social responsibility can be defined as, "The obligation of an organization's management towards the welfare and interests of the society in which it operates." (BusinessDictionary.com,
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Part A – Standards & Procedures Attendance policy Regular attendance contributes to the success of Company X. Absenteeism reduces the quality and efficiency of operations and production of products and services. Absenteeism also places a hardship on co-workers and team members who report to work regularly. Regular attendance is an important responsibility of every employee, and employees are expected to be at work, on time, every working day. Extreme tardiness or leaving early can be as
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ETHICS PROGRAM A. Code of Ethics 1. Dealings with Government Officials It is policy of the company to comply fully with all state and federal laws and regulations. The behavior of every employee is required to signal the company’s desire to conduct relations with government officials and agencies in compliance with all applicable laws and regulations. 2. Gifts and Payments Company employees must be careful that their conduct cannot rationally be construed
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Ethical Issues in Business Task 1 Western Governors University Being a small local grocery store in a large metropolitan area can be extremely challenging. There are many factors that may ultimately determine whether or not a business will be successful in such a difficult environment. In the given statement, Company Q has shown a considerable lack of social responsibility. They have decided to close two stores in an area of the city that is known to have higher crime rates because they are consistently
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Company Q appears to have a complete lack of an ethics code or an understanding of the benefits of exhibiting social responsibility. At this time Company Q’s closure of two stores in high crime areas of the city will be directly attributed to noninterest in the wellbeing of their city regardless of profit generation. Management’s unwillingness to assist local food banks through donation of day old products indicates a decided lack of concern for the people of the community, and the reasoning for
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