AND CORRECT DETAILED ANSWERS
(VERIFIED ANSWERS) |ALREADY
GRADED A+
Process of Individual Decision Making - Answer -Moral Awareness -> Ethical
Judgement -> Ethical Behavior
Moral Awareness: More likely to recognize moral issue when? - Answer -- peers
consider it morally problematic
- moral language is used when problem is presented
- decision could cause serious harm to others
8 steps to sound ethical decision making - Answer -1. gather facts
2. define ethical issue
3. identify affected parties
4. identify consequences
5. identify obligations
6. consider you character and integrity
7. think creatively about potential actions/alternatives
8. check your gut
Ethics - Answer -the principles, norms, and standards of conduct governing an
individual or group
ALL behavior is controlled ... - Answer -intentionally or unintentionally
intentionally control of behavior - Answer --need more intentional control behavior
- educational institutions/work organizations should teach peeps about ethics and guide
decision making
Ethical Behavior - Answer -behavior that is consistent w/ the principles, norms, and
standards of business practice that have been agreed upon by society
ethical judgment takes in consideration..? - Answer -Characteristics of Individuals:
- cognitive biases
-individual differences
Characteristics of Organizations:
- group/organizational pressures
- organizational culture
Law - Answer --reflects society's minimum norms and standards of business conduct
, Business Ethics - Answer -includes the law but extends beyond it to include ethical
standards and issues that the law does not address
*many standards of conduct are agreed upon by society and NOT confided in law
classical economist - Answer -assume all human behavior is motivated solely by self
interest; humans are purely rational and make choices based on cost-benefit analysis
behavioral economist - Answer -found people less rational and more moral than
classical economist assumed
-evidence suggest people act for altruistic/moral purposes that have little to do with
cost-benefit analysis
Why is ethics important in business? - Answer --most people prefer to work for ethical
organizations
- people want to feel good about themselves and their work
-employees are more attracted to and committed to ethical organizations
Why should managers care about ethics? - Answer --they can be legally liable for
criminal activities of their subordinates
- if managers don't establish an ethics code employees may engage in unethical
behavior
The Defense Industry and Initiative on Business Conduct and Ethics - Answer -
consortium of US business industry contractors which subscribes to a set of principles
for achieving high standards of business ethics/conduct
Stakeholders - Answer -parties who are affected by business and its actions, and who
have an interest in what business does and how it performs
ex. shareholders, employees, suppliers, gov't
Values - Answer -one's core beliefs about what is important, what is valued, and how
one should behave across a wide variety of situations
Organizational Values Statements - Answer -aim to create a shared sense of purpose
among employees, and to convey something about the organization's identity to others
Organizational Influences in Moral Decision Making - Answer -1. Who shapes you
ethical decisions
2. the Pygmalion effect
3. how rewards and punishment effect conduct
4. goals
5. diffusion of responsibility
6. roles and deindividualation
Who shapes you ethical decisions? - Answer --peers