ethics correct answers the inner guiding moral principles, values and beliefs that people use to analyze or interpret a situation and then decide what is the right or appropriate way to behave
ethical dilemma correct answers the quandry people find themselves in when they have to decide if they ...
UIUC BADM 310: Exam 2 || A Verified A+ Pass.
ethics correct answers the inner guiding moral principles, values and beliefs that people use to
analyze or interpret a situation and then decide what is the right or appropriate way to behave
ethical dilemma correct answers the quandry people find themselves in when they have to decide
if they should act in a way that might help another person or group and is the right thing to do,
even though doing so might go against their own self-interest
no correct answers do absolute or indisputable rules or principles exist that can help decide
whether an action is ethical or unethical? (yes or no)
no correct answers are laws and ethics fixed, meaning that they do not change over time? (yes or
no)
stakeholders correct answers the people and groups affected by how a company and its managers
behave.
stockholders, managers, employees and customers correct answers 4 shareholders group
utilitarian rule correct answers this rule states that an ethical decision is a decision that produces
the greatest good for the greatest number of people
moral rights rule correct answers this rule states that an ethical decision is one that best maintains
and protects the fundamental or inalienable rights and privileges of the people affected by it
justice rule correct answers this rule states that an ethical decision distributes benefits and harms
among people and groups in a fair, equitable or impartial way.
practical rule correct answers this rule states that an ethical decision is one that a manager has no
hesitation or reluctance about communicating to people outside the company because the typical
person in a society would think it is acceptable
trust correct answers the willingness of one person or group to have faith or confidence in the
goodwill of another person, even though this puts them at risk
reputation correct answers the esteem or high repute that people or organizations gain when they
behave ethically, is an important asset
societal ethics correct answers standards that govern how members of a society should deal with
one another in matters involving issues such as fairness, justice, poverty and the rights of the
individual
occupational ethics correct answers standards that govern how members of a profession, trade or
craft should conduct themselves when performing work-related activities
, individual ethics correct answers personal standards and values that determine how people view
their responsibilities to other people and groups and thus how they should act in situations when
their own self-interest are at stake
organizational ethics correct answers the guiding practices and beliefs through which a particular
company and its managers view their responsibility toward their stakeholders
social responsibility correct answers the way a company's managers and employees view their
duty or obligation to make decisions that protect, enhance and promote the welfare and well-
being of stakeholders and society as a whole
relative correct answers are values and ethics relative or absolute
decision making correct answers the process by which managers respond to opportunities and
threats by analyzing the options and making determinations, or decisions, about specific
organizational goals and courses of action
good decisions correct answers decisions that result in the selection of appropriate goals and
courses of action that increase organizational performance
threats correct answers (decision making in response to [ ]) occurs when events inside or outside
the organization adversely affect organizational performance and managers search for ways to
increase performance
opportunities correct answers (decision making in response to [ ]) occurs when managers search
for ways to improve organizational performance to benefit customers, employees and other
stakeholder groups
programmed correct answers ([ ] decision making) it is a routine, virtually automatic process
non-programmed correct answers ([ ]-[ ] decision making) it is required for non-routine
decisions, they are made in response to unusual or novel opportunities and threats
intuition correct answers feelings, beliefs and hunches that come readily to mind, require little
effort, and information gathering and result in on-the-spot decisions
reasoned judgements correct answers decisions that require time and effort and result from
careful information fathering, generation of alternatives and evaluation of alternatives
classical model correct answers a prescriptive (specifies how decisions approach to decision
making based on the assumption that the decision maker can identify and evaluate all possible
alternatives and their consequences and rationally choose the most appropriate course of action
1: list all the alternative courses of action and consequences of each alternative 2: rank each
alternative from lowest to highest 3: select alternative that leads to desired future consequences
correct answers 3 steps to the classical model
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