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BA 300 - Austin – Final Exam/27 questions and answers
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BA 300 - Austin – Final Exam/27 questions and answers
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BA 300 - Austin – Final Exam/27questions and answers
Moral Awareness - -More likely to recognize the moral issue when:
1. Peers consider it morally problematic
2. Moral language is use when problem is presented
3. Decision could cause serious harm to others
- 8 Steps to Making a Sound Ethical Decision - -1. Gather Facts
2. Define Ethical Issue
3. Identify the Affected Parties
4. Identify the Consequences
5. Identify the Obligations
6. Consider your Character and Integrity
7. Think Actively about Potential Actions
8. Check your Gut
- Ethics - -The principles norms and standards of conduct governing an
individual or group.
- Cognitive Bias - Confirmation Trap - -When gathering facts we tend to stop
looking for information once we reached an answer that supports what we
think is true or right. Think about all the consequences, do not reduce them.
Think about the consequences for yourself and for others.
- Cognitive Bias - Consequences as Risk - Illusion of Optimism - -People tend
to overestimate the likelihood of good future events and underestimate the
bad. Ex) All newlyweds think their love will be ever lasting when the fact is
that about half of marriages end in divorce. Or Banks before the market
crash.
- Cognitive Bias - Consequences as Risk - Illusion of Control - -People
generally believe that they are less susceptible to risk than others. They
believe that they have everything under control, and therefore may ignore
risks which leads to ignoring the consequences of those risks.
- Cognitive Bias - Escalation of Commitment - -Sticking with a bad decision
over a long period of time because of a feeling or need to stick with it. Take a
step back and make a rational decision.
- Cognitive Bias - Illusion of Superiority or Morality - -People tend to believe
that they are more ethical than the average person. Ex) Doctors taking gifts
from sales people. Banks lending bad loans because they are sure they are
contributing to the American dream.
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