Task 4: The Institutionalization of Business Ethics

Welcome to Task 4. The Task is an assignment to be completed by utilizing the course content (and any outside sources) pertaining to this Module. Work through the materials, do some research on your own, and complete the assignment.

Please respond to the following review questions:

CHAPTER 4:

1. Describe the difference been voluntary and mandated risk management programs. How does an organization use each to manage ethical risk?

2. What is the difference between civil law and criminal law?

3. What is the argument for government regulation of business conduct?

4. What is procompetitive legislation?

5. What are consumer protection laws?

6. Describe the purpose of the Occupational Safety and Health Administration.

7. What was the purpose of the Sarbanes-Oxley Act?

8. What was the purpose of the Dodd-Frank Wall Street Reform and Consumer Protection Act?

9. What is the purpose of the concept of core practices?

SAMPLE SOLUTION

Task 4: The Institutionalization of Business Ethics
Voluntary risk management programs involve practices taken based on individual beliefs, contractual obligations, and values. In comparison, mandated risk management programs comprise official statements or documents made to indicate the strategy and objectives of risk management (Latapí et al., 2019). The organization uses each to manage emerging disputes in organizations.
Civil laws are applied to individuals whose rights have been violated by other individuals or organizations. Criminal laws are used within the criminal court system to deal with crime and legal punishments.
The argument for government regulation of business conduct considers employee, environmental, and advertising practices. They affect business structures and…