MBA 5300 Exam learning objectives || 100% Accurate Solutions

Explain the difference between law and ethics correct answers Laws are A system of principles and rules of human conduct Ethics are Externally imposed guidelines for behavior that is considered right or wrong. Provide examples of behavior that may be legal but that people may consider unethical correct answers Breaking promises is generally legal, but is widely thought of as unethical, cheating , or other unethical things Provide examples of why going beyond legal compliance towards ethical compliance may produce value for an organization; correct answers It could create good press for it or make customers more likely to shop there because of the ethical good it provides: Whole foods donating their 4% days Moral Absolutism correct answers Belief in absolute standards of right and wrong behavior, regardless of context Moral pluralism correct answers Belief in tolerance of others' moral principles, but without concluding that all views are equally valid Moral Relativism correct answers Belief that there are no absolute moral values, and, therefore, we must accept each other's differing values compare and contrast immoral acts with an amoral perspective correct answers Norm correct answers Shared standards of behavior for individuals, groups, or an organization a habit is a personal action that is done with some compulsion values correct answers Broad guides to action based on deeply held convictions about good and bad. Beliefs correct answers Ideas about the world that we believe to be true Empirically verified correct answers originating in or based on observation or experience empirical data. 2 : relying on experience or observation alone often without due regard for system and theory an empirical basis for the theory. 3 : capable of being verified or disproved by observation or experiment empirical laws. Explain how culture becomes institutionalized in society or an organization; correct answers it becomes so well established that it is understood by people inside and outside of the organization