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BUSMHR 2292 EXAM QUESTIONS AND ANSWERS
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Paine's Basic Ethics Framework, what was his framework article about? - answer--Markets are amoral, but market participants frequently must make ethical judgements (Trust) -Repeats links between ethics and performance -Despite those links, Paine argues we haven't done a good job of integratin...

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  • September 20, 2024
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  • 2024/2025
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BUSMHR 2292 EXAM QUESTIONS AND
ANSWERS
Paine's Basic Ethics Framework, what was his framework article about? - answer-
✔-Markets are amoral, but market participants frequently must make ethical
judgements (Trust)


-Repeats links between ethics and performance


-Despite those links, Paine argues we haven't done a good job of integrating ethics
strategies into management decision making strategies


-Paine suggests a framework for doing so:


-Difficulty is that we often use emotion, rather than reason, to resolve ethical
issues.


-Ordinarily, IF we use reason, often it is to attempt to justify our action AFTER
THE FACT


-There CAN be MORE THAN ONE ethical answer


This is a Stakeholder Analysis:
-Figuring anyone who can affect or anyone who is affected by a decision and how
they're affected

,Albert Einstein Quote - answer-✔"The intuitive mind is a sacred gift and the
rational mind is a faithful servant."


Paine's 4 Questions for us to consider what Ethical Standard may apply - answer-
✔1. Is the action consistent with the actor's basic DUTIES?


2. Does it respect the RIGHTS and other legitimate claims of the affected parties?


3. Does it reflect BEST PRACTICE


4. Is it compatible with the actor's own deeply held COMMITMENTS ("core
values")?


Duty - answer-✔Requirement to act or not to act towards others


Basic moral duties in law or codes


Right - answer-✔Requirement in others to behave in a certain fashion toward you -
also often in law or codes


Converse of duty (Ex: West Point Three Rules of Thumb)


West Point - Three Rules of Thumb - answer-✔1. does action attempt to deceive or
allow deceit?


2. does action gain or allow gain of privilege or advantage to which i or someone
else would not otherwise be entitled

, 3. would i be dissatisfied by the outcome if i were on the receiving end of action?


What are Best Practices - answer-✔Principles or Standards of excellence (ethics
codes, voluntary standards)


Ideals, values, aspirations


Commitments - answer-✔Self-chosen or subjective moral convictions (principles,
core values, standards of integrity)


"You can make money without doing evil" - One of Google's "What we believe"
statements


ELI lens info from other quizlet - answer-✔add it


Two Approaches to 'Justice' - answer-✔1. Distributive Justice


2. Procedural Justice


Distributive Justice - answer-✔Concerns the nature of a society just allocation of
goods in a society


Procedural Justice - answer-✔The idea of fairness in the processes that resolves
disputes and allocates resources

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