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ACCN 7100 EXAM 2 STUDY GUIDE | 119 QUESTIONS | WITH 100% SOLVED SOLUTIONS!!
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ACCN 7100 EXAM 2 STUDY GUIDE | 119 QUESTIONS | WITH 100% SOLVED SOLUTIONS!!
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ACCN 7100 EXAM 2STUDY GUIDE | 119
QUESTIONS | WITH
100% SOLVED
SOLUTIONS!!
ACCN 7100
Evatee 10/29/24 ACCN 7100
,ACCN 7100 EXAM 2 STUDY GUIDE | 119
QUESTIONS | WITH 100% SOLVED
SOLUTIONS!!
what are ethical dilemmas? Answer - arise when values are in conflict and
there are competing alternative courses of action to choose from
often no clear or easy "right" answer
what are the 4 major ethical theories for the business environment? Answer -
consequentialism/utilitarianism
deontology
justice/fairness
virtue ethics
who created consequentialism? Answer - English philosophers Jeremy
Bentham and John Stewart Mill
what does consequentialism imply? Answer - the goal of business is to
contribute to overall good of society
what does consequentialism focus on? Answer - results
"greatest good for greatest number" and the promotion of "happiness"
how are people considered under consequentialism? Answer - all affected
people are considered impartially
, what are the strengths of consequentialism? Answer - simile and easy to
understand and apply
resonates with business-people who view it as the most useful theory
forward looking, concentrates on the future
unselfish
what are the weaknesses of consequentialism? Answer - could be too simple
may fail to reflect moral values
may unfairly benefit majority stakeholder groups at the expense of minority
groups
ignores the motivation of decision makers and treats all movies as the same
may be misused by those who want to argue that the "ends justify the means"
it's difficult to quantify future "good" and "happiness"
can be difficult to identify all stakeholders and foresee all consequences
who created deontology? Answer - German philosopher Immanuel Kant
what does deontology determine? Answer - ethicality by focusing on the
motivations for an act
what is ethical motivation based on? Answer - duties and responsibilities
regardless of the consequences to yourself or society
duties and responsibilities are considered binding and permit no exceptions
what are the two deontology laws to assess ethicality? Answer - categorical
imperative
practical imperative
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