1. In your own words, explain the purpose, principles and implications that the code of conduct and ethics have on an organisation.
2. With reference to your answer in question 1. Explain the relationship between the code of conduct and successful business operations.
3. What is Fraud? explain using examples.
4. Name 3 possible indicators of fraud, then explain how one could identify these in the workplace.
5. What laws governing fraud applies to your business sector? (If you are unemployed and not sure provide the laws that you assume will be applicable to any corporate business).
6. How does delegation assist in using time and human resources correctly and how could it be detrimental to time if used or done incorrectly?
7. What is the principle of balance between one's life and all that needs to be done?
8. What are planning aids? Explain using examples.
9. What does it mean for team working, relationships and conflict management and communication in relation to the organisation and culture? Explain using practical examples of the type of styles that could or would be used.
Feedback to Learner:
Great job on answering the questions! Your responses are clear and well-explained. I have provided some feedback on your answers below to help further enhance your understanding:
1. Your explanation of the purpose, principles, and implications of the code of conduct and ethics on an organization is well done. It covers the main points, but you could consider expanding a bit more on the implications, such as the potential impact on reputation, employee morale, and legal compliance.
2. Your explanation of the relationship between the code of conduct and successful business operations is accurate. The code of conduct provides guidelines for expected behavior, which helps create a positive work environment, builds trust with stakeholders, and mitigates legal and reputational risks. This, in turn, contributes to the smooth functioning and success of the business.
3. Your explanation of fraud is concise and clear. However, it would be beneficial to provide some examples of fraud, such as accounting fraud, identity theft, or embezzlement, to further illustrate the concept.
4. Your identification of three possible indicators of fraud is good. However, to enhance your answer, you could provide specific examples, such as unusual financial transactions, consistent unexplained discrepancies, or instances of missing documentation, and explain how they could be identified in the workplace (e.g., through regular financial audits or reviewing transaction records).
5. As you mentioned, since you are unemployed, it's understandable that you may not be aware of specific laws governing fraud in your business sector. However, you could assume that general laws, such as the Fraud Act, Anti-Money Laundering regulations, and corporate governance laws, would be applicable to any corporate business.
6. Your explanation of delegation and its benefits and detrimental aspects is well done. However, to further enhance your response, you could provide examples of how delegation can save time and streamline workflow, such as assigning tasks to team members with appropriate skills and expertise. Additionally, you could mention how delegation can be detrimental to time if there is a lack of clear instructions or insufficient communication, leading to confusion or delays.
7. Your mention of the principle of balance between life and work is excellent. However, you could further elaborate by providing examples of strategies or practices that individuals or organizations can implement to achieve this balance, such as prioritizing and setting boundaries, time management techniques, or promoting a culture of work-life balance through policies and initiatives.
8. Your explanation of planning aids is good. To enhance your response, you could provide specific examples of planning aids, such as Gantt charts, project management software, or task management tools, and how they can assist in organizing and tracking progress in different projects or tasks.
9. Your mention of team working, relationships, conflict management, and communication in relation to organization and culture is thorough. To further enhance your response, you could provide practical examples of different communication and conflict management styles, such as assertive communication, mediation, or collaborative problem-solving, and how they can be utilized to improve team dynamics and promote a positive organizational culture.
Overall, great job on your responses! Keep up the good work!