Standards of Conduct, Performance and Ethics (“the Standards”) Your duties as a Member of The Society of Sports Therapists The standards of conduct, performance and ethics you must keep to: 1. The IAE developed these eight principles as an ethical frame of reference for industry professionals. buying counterfeit products. There are four major ethical theories: deontology (or duty), utilitarianism, rights, and virtue. What is the naturalistic fallacy? B. This open display of genuine ethics can make or break a company in modern times helping to show consumers how they want to make the world better by not only providing great products, but by also being a great member of society. _____ considers the public consequences of organizational buying. They cover all kinds of promotional communications, depending where the advert or promotion will appear. 3. Ethical Principles: 1. Honesty is important for customers in order to create trust between a brand and a consumer, so maintaining ethics in advertising efforts will help to make the relationship stronger. Ethics is a very significant area for society and business. These were not created just because of salespeople. There are 2 advertising codes of practice that describe how businesses should advertise. Following the successful celebrity endorsement of Georgia Baked Chicken, the company decided to run an advertising campaign with supposedly real customers. The claim created an impression that consumption of Maggie soup leads to better heart and health, while on testing by independent agency, it has been found that it contains high levels of salt which releases sodium into body which in turn, … Principle 8 – Advertisers and their agencies, and online and offline media, should discuss privately potential ethical concerns, and members of the team creating ads should be given permission to express internally their ethical concerns. One of the worlds that human beings have created is the world of money, trade, commodities and exchange. Companies need to work with the community in a way that is sustainable and keeps all the stakeholders happy. Focus on the Truth Above all, ethical advertising focuses on the truth. Test bank Questions and Answers of Chapter 3: Regulation and Ethics of Advertising Different branches of the study of ethics look at where our views of morality come from and how they shape our everyday lives. Ethics in Advertising is directly related to the purpose of advertising and the nature of advertising. The Code of Ethics for Professional Accountants is divided into three parts. pirating movies. costs associated with higher employee turnover. The Golden Rule: do unto others as you would have them do unto you. In order to foster an ethical and socially responsible behavior pattern among marketers while achieving company objectives, special care must be taken to monitor trends and shifts in society’s values and beliefs. In response, the Institute for Advertising Ethics (IAE) was created to inspire advertising, public relations and marketing communications professionals to practice the highest personal ethics in the creation and distribution of commercial information to consumers. They could just donate profit to the people, but that would only help them short term, like the old saying about giving a man a fish versus teaching a man to fish. C05-Fundamentals of ethics, corporate governance and business law Updated: Oct 2013 1 Sample Exam Paper . Created cookie jar reserves of advertising revenue to smooth net income B. Midterm Quiz 1) All of the following are ethical behavior in managerial practices except. Publishing an ethical definition is a way for a company to advertise itself and its commitment to ethical practices. Companies need to show they have morals when advertising to consumers, because that makes consumers’ feel like the company cares about what they need. A. The popularity of social media and word-of-mouth marketing raises questions about the credibility of content. b. counselors must correct misrepresentations of their qualifications if they learn about such … Subscribe to receive marketing advice, inspiration & insights. Answer: (True) 35. d. All of the above can be used. Jeremy is facing a situation in which he must choose among several actions that he will need to evaluate as morally right or wrong. Which of the following ethical precepts can be used in media? The overwhelming message is that respect for the consumer will result in respect for the industry. The first mission of the IAE is to educate industry professionals about the importance of truthful, ethical advertising. By being open with their intentions, they are showing others they have nothing to hide and that they genuinely care for those who are buying the products they provide. Gravity. Practice Sheet #3: Ethical Questions that Arise from the Scenario For each scenario, identify one or more ethical questions. All of the following are examples of unethical communication practices except a from COM 13 at Open Uni. Ethical Questions that Arise from the Scenario Your classmate asks to see your homework because they didn’t finish theirs. Which of the following are ethical issues that managers encounter with the use of technology in the workplace. This shows that the customer is protected by a company that is behaving in a way that makes a difference to the community they work in. Integrating Ethical Practices into your Workflow. Answer: (False) 36. Companies need to stay honest with their intentions, show that they genuinely care about the consumer, and perform responsibly towards all stakeholders. As marketers develop increasingly advanced means of online behavioral targeting, consumers worry about their privacy. PLAY. All of the following criteria can be used in ethical reasoning except a. moral reasoning must be logical. b. factual evidence cited to support a person’s judgment should be accurate, relevant, and complete. pirating software Business ethics, also called corporate ethics, is a form of applied ethics or professional ethics that examines the ethical and moral principles and problems that arise in a business environment. By logic alone we can infer from the definition of E + the following. All of the following are reasons for the increasing use of ethical and sustainable sourcing practices EXCEPT: A) Global population growth B) Increasing environmental awareness C) Legislation requiring corporate ethical and sustainable sourcing D) Consumers' desires for better corporate responsibility ANS: D DIF: Moderate REF: p. 102 2. 1. Companies emphasizing _____ are developing "green marketing" programmes that develop ecologically safer products, recyclable and biodegradable packaging, more energy-efficient operations, and better pollution controls. Test. Utilitarianism is an approach to ethics that means. Ethical actions always increase someone’s creativity without destroying, limiting, or diminishing anyone’s creativity. Practice Sheet #3: Ethical Questions that Arise from the Scenario For each scenario, identify one or more ethical questions. Most say they have tightened them following rulings against them by regulatory bodies. O administrative costs such as legal and investigative costs incurred by the company. One way to ensure sustainability is hiring local employees when possible rather than outsourcing production to other people in other countries. c. ethical standards used in a person’s reasoning should be consistent. HOW ETHICAL ISSUES ARISE IN ADVERTISING An advertisement of Nestle India Ltd (Maggie healthy soup) claimed that “Happy Heart” “Healthy Soup”. MARKETING AND SOCIETY:Social Criticisms of Marketing, Marketing Ethics MARKETING:BCG MATRIX, CONSUMER BEHAVIOR, PRODUCT AND SERVICES A NEW PRODUCT DEVELOPMENT:PRICING STRATEGIES, GLOBAL MARKET PLACE The following are just two examples of infamous cases of unethical research practices that demonstrate the importance of adhering to ethical standards: ADVERTISING ETHICS & LAWS LESSON 1- Advertising ethics, social responsibility and self regulation. misredeeming coupons. Ethics in advertising is regulated by the U.S. Federal Trade Commission, or FTC. 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