BUSMHR 2292 Final Exam Questions And Answers Graded A+
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Course
BUSMHR 2292
Institution
BUSMHR 2292
Tyco Scandal - ️️Dennis Kozlowski (former CEO of Tyco), convicted in 2002 for a
misappropriation of Tyco's corporate funds
results lens - ️️greatest good for the greatest number of people (consequentialist
theories utilitarianism)
Morality - ️️personal compass of values and motives
...
BUSMHR 2292 Final Exam
Tyco Scandal - ✔️✔️Dennis Kozlowski (former CEO of Tyco), convicted in 2002 for a
misappropriation of Tyco's corporate funds
results lens - ✔️✔️greatest good for the greatest number of people (consequentialist
theories utilitarianism)
Morality - ✔️✔️personal compass of values and motives
Justice - ✔️✔️just behavior or treatment
ethics - ✔️✔️actions that count for meeting shared community values
business ethics - ✔️✔️shared and mutually enforced professional norms
Rights/Responsibilities Lens - ✔️✔️you act in an ethical manner because it is your duty
(deontological theories)
Relationships Lens - ✔️✔️if the process id right it will take care of all stakeholders
(justice theories)
Reputation Lens - ✔️✔️act in an ethical manner because it is how you want to be
remembered (virtue theories)
Paine's Theory - ✔️✔️While there is a distinct way to approach financial, legal,
competitiveness, and market issues, we have to rely on gut instinct to handle ethical
issues
fiduciary principle - ✔️✔️act in the best interests of the company and its investors
property - ✔️✔️respect property and the rights of those who own it
reliability - ✔️✔️keep promises, agreements, contracts, and other commitments
transparency - ✔️✔️conduct business in a truthful and open manner
, dignity - ✔️✔️respect the dignity of all people
fairness - ✔️✔️deal fairly with all parties-- fair treatment and process
responsiveness - ✔️✔️be responsive to the legitimate claims and concerns of others
Enron Scandal - ✔️✔️Kenneth Lay (CEO and chairman of Enron), indicted on 11
counts of securities fraud
Roger Blackwell - ✔️✔️professor at OSU convicted of 19 counts of insider trading
Malden Mills Case - ✔️✔️Aaron Feuerstein (CEO) went out of his way to protect its
employees after the fire, rebuilt in the same town and paid its employees while
rebuilding
ill conceived goals - ✔️✔️goals to promote a desired behavior but they encourage a
negative one
motivated blindness - ✔️✔️overlooking unethical behavior when it is in our best interest
to stay ignorant
indirect behavior - ✔️✔️holding others less accountable for unethical behavior when it
is carried out through a third party
the slippery slope - ✔️✔️we are less likely to see others' unethical behavior when it
develops gradually
overvaluing outcomes - ✔️✔️giving a pass to unethical behavior if the outcome is good
Causes of pay gap - ✔️✔️1. globalization
2. Education
3. Technology
4. Family Situation
Average Fortune 500 CEO pay - ✔️✔️$13.6 million
tax proposal - ✔️✔️dropped corporate income taxes from 35% to 20%
richest 1% control - ✔️✔️half of the worlds wealth
Thomas M Rutledge - ✔️✔️CEO of charter communications, highest paid CEO in the
US
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