Employees Are Much More Likely to Act Ethically When a Credo

question 104

True/False

Employees are much more likely to act ethically when a credo does not exist or is avoided.

Calculate weekly total maintenance costs and understand the impact of preventive maintenance.

Calculate expected breakdown costs and understand the financial implications of machine failures.

Recognize effective maintenance practices for high reliability in critical infrastructure.

Identify costs that are often overlooked in maintaining an optimal maintenance policy.

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Definitions:

Whistleblowers

Individuals who report or expose any kind of information or activity that is deemed illegal, unethical, or not correct within an organization.

Corporate Social Responsibility

A business model that helps a company be socially accountable to itself, its stakeholders, and the public. By practicing corporate social responsibility, companies can be conscious of the kind of impact they are having on all aspects of society, including economic, social, and environmental.

Society

An organized group of individuals living together in a community, sharing customs, laws, and organizations.

Profit

The financial gain realized when the amount of revenue gained from a business activity exceeds the expenses, costs, and taxes needed to sustain the activity.