Exam (elaborations)

Business Ethics Exam 100% Updated!!

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Business Ethics

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Business Ethics

ethical behavior in business - ANSWERbehavior that is consistent with the principles, norms and standards of business practice that have been agreed upon by society legal but unethical - ANSWERshould a company charge higher prices for necessities after a disaster? should a company dump carcinogen...

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business ethics exam 100 updated

Institution Business Ethics
Course Business Ethics

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Business Ethics Exam 100% Updated!!

ethical behavior in business - ANSWERbehavior that is consistent with the principles, norms and
standards of business practice that have been agreed upon by society

legal but unethical - ANSWERshould a company charge higher prices for necessities after a disaster?

should a company dump carcinogens in a country with lax environmental laws?

Should a company spy on its employees and how much is okay?

ethical but clashes with laws or regulations - ANSWERis it unethical for a news org to keep info about
the sources of a story from govt investigators who have legal authority to obtain info?

is it unethical for an org to discriminate against gay employees in states where it is legal to do so ?

within realm of ethics but law gennerally does not deal with it - ANSWERshould company
pharamacists have to fill prescriptions for the morning after pill if they personally disagree with its
use?

should employees accept gifts from suppliers?

ethics - ANSWERcan be defined as what is good or right for human beings

it is a normative undertaking aims to discover what ought to be rather than simply what is

can be proactive (as doing good) or reactive (not harminng)

normative - ANSWERwhat ought to be

proactive - ANSWERdoing good

reactive - ANSWERnot harming

social development - ANSWERethics as doing good

Do we avoid ethical dilemmas? - ANSWERcall it by a different name

everybody else does it

if we don;t do it, someone else will

that is the way it has always been done

we will wait for lawyers to tell us it is wrong

it does not really hurt anyone

the system is unfair

i was just following orders

just obeying the laws is not enough.. - ANSWERwe need to be aware of ethical issues and have tools
to make ethical decisions

,cynicism - ANSWER= distrust

- less than half say they trust CEOS and less than 20% trust business leaders to make ethical decisions
to tell the truth

call for government reg of business increased

businness not trusted to self regulate

banks trusted the least

lecture 1 key messages - ANSWERethical behavior is driven by person and organizational factors

there is a lot more to ethics than just following the law

people are quite cynical about business and even more so about business leaders

ethics - many facets annd levels of focus - ANSWERindividual - individual choices, professional
ethics : what kind of person or leader am i?

organisational - organisational actions, decisions, strategies - culture, corporate social responsibility

Macro/systemic - economic, political, legal and social systems in which businnesses operate,
environmental, social, political conequences of business activity

formal and informal pressures for ethical behavior - ANSWERmacro or political level:

- broader societal developments

-government

-NGO pressure groups, charitable bodies and customers

-frameworks, standards, or agreements

organisational level - laws, influence, codes of conduct, external ethical reviews and or audit , ethics
hotline - management

individual employees - micro/individual level

- professiona,l codes where relevent

external ethical review or audit

the competitive environments of both orgs and governments

I don't want to talk about ethics because People cannot agree on solutions to moral issues -
ANSWER1. fails to recognnize that experts in many areas disagree on key issues in their fields

2. fails to recognize that there are many moral issues on which people agree

3. fails to distinguish between disagreements about principles and disagreements about facts

I dont wanna talk about ethics because who am i to judge others - ANSWER1. fails to distinguish
between the act of judginng and being a judgemental person

, 2. fails to distinguish between judging as condemning and jusdging as evaluating

3. fails to recognnize that sometimes we are required to make judgements

i do not want to talk about ethics because it is simply a private matter - ANSWER1. fails to recognize
that morality is essentially a public system

2. fails to note that personally-based morality can cause major harm to others

3. confuses moral choices with individual or personal preferences

i do not want to talk about ethics because morality is a metter for indiv cultures to decide -
ANSWER1. fails to distinguish between descriptive and normative claims about morality

2. assymes that people can never reach common agreement on some moral principles

3. assumes that a system is moral because a majority in a culture decides it is moral

resonsible management issues - ANSWERsustainability - triple bottom line

reponnsibility - stakeholders

ethics - moral dilemmas

sustainability issues - ANSWERworld water and ocean crisis

global warming

deforestation and soil loss

population and resource use

poverty and hunnger

ecosystem degradation

biodiverity loss

responsibility issue - ANSWERlabour standard

community well being

consumer rights and protections

supply chainn practices

workplace diverstity

good citizenship

respect for the law

ethical (moral dilemmas) - ANSWERhuman and natural rights

income inequality

corporate governance

fair competition

marketing ethics

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Business Ethics Exam 100% Updated!!

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