Managers Must Structure the Work Environment to Support Ethical Conduct

question 8

True/False

Managers must structure the work environment to support ethical conduct and this includes ensuring that reward systems are aligned with the ethics of the firm.

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Definitions:

Groupthink

A psychological phenomenon that occurs within a group of people, where the desire for harmony or conformity results in an irrational or dysfunctional decision-making outcome.

Self-Serving Bias

The common tendency to attribute one's successes to personal characteristics and failures to external factors.

Generational Identity

The collective personality, attitudes, and habits attributed to members of a specific generation, often shaped by significant social and cultural events during their formative years.

Act Of Revenge

An action undertaken to retaliate or punish someone for wrongdoing, often driven by a sense of injustice or anger.