BUSMHR 2292 FINAL EXAM QUESTIONS
AND ANSWERS
Morality - Correct Answers -personal compass of values and motives
Justice - Correct Answers -just behavior or treatment
ethics - Correct Answers -actions that count for meeting shared community values
business ethics - Correct Answers -shared and mutually enforced professional norms
Rights/Responsibilities Lens - Correct Answers -you act in an ethical manner because it
is your duty (deontological theories)
Relationships Lens - Correct Answers -if the process id right it will take care of all
stakeholders (justice theories)
environment - Correct Answers -concerns over pollution, waste, natural resource
depletion, and climate change
Fed Ex and Orbis - Correct Answers -Fed Ex donated a plane to orbis for their flying
eye hospital
types of nonprofits - Correct Answers -1. education
2. religious
3. medicine
4. charitable organizations and others
501(c) vs 501(c)(3) - Correct Answers -donators can write off tax donations to 501c3
nonprofits exempt from - Correct Answers -property tax and sales tax
social enterprise - Correct Answers -addresses social need and has profitable
commercial activity
results lens - Correct Answers -greatest good for the greatest number of people
(consequentialist theories utilitarianism)
, Reputation Lens - Correct Answers -act in an ethical manner because it is how you
want to be remembered (virtue theories)
Paine's Theory - Correct Answers -While there is a distinct way to approach financial,
legal, competitiveness, and market issues, we have to rely on gut instinct to handle
ethical issues
Paine's Framework - Correct Answers -1. understand the facts
2. identify relevant standards
3. maintain objectivity (visibility, generality, legacy)
fiduciary principle - Correct Answers -act in the best interests of the company and its
investors
property - Correct Answers -respect property and the rights of those who own it
reliability - Correct Answers -keep promises, agreements, contracts, and other
commitments
transparency - Correct Answers -conduct business in a truthful and open manner
dignity - Correct Answers -respect the dignity of all people
fairness - Correct Answers -deal fairly with all parties-- fair treatment and process
citizenship - Correct Answers -acts as a responsible member of the community with
respect for law and regulation
responsiveness - Correct Answers -be responsive to the legitimate claims and concerns
of others
Enron Scandal - Correct Answers -Kenneth Lay (CEO and chairman of Enron), indicted
on 11 counts of securities fraud
Tyco Scandal - Correct Answers -Dennis Kozlowski (former CEO of Tyco), convicted in
2002 for a misappropriation of Tyco's corporate funds
Roger Blackwell - Correct Answers -professor at OSU convicted of 19 counts of insider
trading
Malden Mills Case - Correct Answers -Aaron Feuerstein (CEO) went out of his way to
protect its employees after the fire, rebuilt in the same town and paid its employees
while rebuilding
ill conceived goals - Correct Answers -goals to promote a desired behavior but they
encourage a negative one
AND ANSWERS
Morality - Correct Answers -personal compass of values and motives
Justice - Correct Answers -just behavior or treatment
ethics - Correct Answers -actions that count for meeting shared community values
business ethics - Correct Answers -shared and mutually enforced professional norms
Rights/Responsibilities Lens - Correct Answers -you act in an ethical manner because it
is your duty (deontological theories)
Relationships Lens - Correct Answers -if the process id right it will take care of all
stakeholders (justice theories)
environment - Correct Answers -concerns over pollution, waste, natural resource
depletion, and climate change
Fed Ex and Orbis - Correct Answers -Fed Ex donated a plane to orbis for their flying
eye hospital
types of nonprofits - Correct Answers -1. education
2. religious
3. medicine
4. charitable organizations and others
501(c) vs 501(c)(3) - Correct Answers -donators can write off tax donations to 501c3
nonprofits exempt from - Correct Answers -property tax and sales tax
social enterprise - Correct Answers -addresses social need and has profitable
commercial activity
results lens - Correct Answers -greatest good for the greatest number of people
(consequentialist theories utilitarianism)
, Reputation Lens - Correct Answers -act in an ethical manner because it is how you
want to be remembered (virtue theories)
Paine's Theory - Correct Answers -While there is a distinct way to approach financial,
legal, competitiveness, and market issues, we have to rely on gut instinct to handle
ethical issues
Paine's Framework - Correct Answers -1. understand the facts
2. identify relevant standards
3. maintain objectivity (visibility, generality, legacy)
fiduciary principle - Correct Answers -act in the best interests of the company and its
investors
property - Correct Answers -respect property and the rights of those who own it
reliability - Correct Answers -keep promises, agreements, contracts, and other
commitments
transparency - Correct Answers -conduct business in a truthful and open manner
dignity - Correct Answers -respect the dignity of all people
fairness - Correct Answers -deal fairly with all parties-- fair treatment and process
citizenship - Correct Answers -acts as a responsible member of the community with
respect for law and regulation
responsiveness - Correct Answers -be responsive to the legitimate claims and concerns
of others
Enron Scandal - Correct Answers -Kenneth Lay (CEO and chairman of Enron), indicted
on 11 counts of securities fraud
Tyco Scandal - Correct Answers -Dennis Kozlowski (former CEO of Tyco), convicted in
2002 for a misappropriation of Tyco's corporate funds
Roger Blackwell - Correct Answers -professor at OSU convicted of 19 counts of insider
trading
Malden Mills Case - Correct Answers -Aaron Feuerstein (CEO) went out of his way to
protect its employees after the fire, rebuilt in the same town and paid its employees
while rebuilding
ill conceived goals - Correct Answers -goals to promote a desired behavior but they
encourage a negative one
