LGLS 3610 SG EXAM 1
true - Answer-ethics vary across people; it is subjective
Difference in personalities, upbringing, culture, religion, etc - Answer-Why do ethics vary from person to
person?
unethical - Answer-something that is ethical to one person may be ____ to another person
The Moral Minimum - Answer-The minimum degree of ethical behavior expected of a business firm
simply following the law - Answer-What is represented by the moral minimum?
- laws are outdated
- laws are not always black and white
- good people do bad stuff - Answer-What are three reasons why the law is the moral minimum?
gray areas - Answer-standards such as "reasonableness" or "foreseeability"
- gray areas
- differing expectations
- different courts in different states can make different decisions - Answer-What are ways laws are not
always black and white?
,- Utilitarianism
- Justice Theory - Answer-What are the Outcome-Based Ethical Theories?
- Kantianism
- Religious Theory - Answer-What are the Duty-Based Ethical Theories?
Utilitarianism - Answer-actions are right if they are useful or for the benefit of a majority; seek the
greatest "good"
Ethical cost-benefit analysis - Answer-actions morally justified if they maximize benefits and minimize
costs (or harm)
happinesss - Answer-What is good often linked to in Utilitarianism?
Justice Thoery - Answer-In "original position" behind the "veil of ignorance" people will default to
fairness to order society
- Liberty Principle
- Difference Principle/Principle of Fair Equality of Opportunity - Answer-What are the two principles that
are resulted from the Justice Theory?
Liberty Principle - Answer-every individual has an equal right to basic liberties
Difference Principle - Answer-Social and economic inequalities must be to everyone's advantage,
including the least advantaged
Principle of Fair Equality of Opportunity - Answer-most privileged positions must be equally open to all
, Kantianism - Answer-an ethical philosophy claiming that motives and universal rules are important
aspects in judging what is right or wrong
Categorical Imperative - Answer-Evaluate an action based on the rational result of everyone acting the
same way; evaluate an action based on whether it treats others as an end not a means to an end
Religious Theory - Answer-everyone should act in accordance with religious teachings
Corporate Social Responisibility - Answer-corporations can and should act ethically and be accountable
to society for their actions
- Stakeholder Analysis
- Corporate Citizenship - Answer-What are the theories about Corporate Social Responsiblity?
Stakeholder Analysis - Answer-corporation owes a duty to not just its shareholders, but also other
groups impacted by its decisions
Corporate Citizenship - Answer-Corporations should act a s good citizens and seek to solve social
problems; use wealth and power to benefit society
- Is the action lawful?
- Is the action consistent with company policies?
- Am I following both the "letter" and the "spirit" of the law and policy
- Is my conscience clear?
- Am I living up to prior commitments?
- Would my "hero" make the decision that I am contemplating? - Answer-What are the George S. Mary
International Guidelines for ethical behavior?
true - Answer-ethics vary across people; it is subjective
Difference in personalities, upbringing, culture, religion, etc - Answer-Why do ethics vary from person to
person?
unethical - Answer-something that is ethical to one person may be ____ to another person
The Moral Minimum - Answer-The minimum degree of ethical behavior expected of a business firm
simply following the law - Answer-What is represented by the moral minimum?
- laws are outdated
- laws are not always black and white
- good people do bad stuff - Answer-What are three reasons why the law is the moral minimum?
gray areas - Answer-standards such as "reasonableness" or "foreseeability"
- gray areas
- differing expectations
- different courts in different states can make different decisions - Answer-What are ways laws are not
always black and white?
,- Utilitarianism
- Justice Theory - Answer-What are the Outcome-Based Ethical Theories?
- Kantianism
- Religious Theory - Answer-What are the Duty-Based Ethical Theories?
Utilitarianism - Answer-actions are right if they are useful or for the benefit of a majority; seek the
greatest "good"
Ethical cost-benefit analysis - Answer-actions morally justified if they maximize benefits and minimize
costs (or harm)
happinesss - Answer-What is good often linked to in Utilitarianism?
Justice Thoery - Answer-In "original position" behind the "veil of ignorance" people will default to
fairness to order society
- Liberty Principle
- Difference Principle/Principle of Fair Equality of Opportunity - Answer-What are the two principles that
are resulted from the Justice Theory?
Liberty Principle - Answer-every individual has an equal right to basic liberties
Difference Principle - Answer-Social and economic inequalities must be to everyone's advantage,
including the least advantaged
Principle of Fair Equality of Opportunity - Answer-most privileged positions must be equally open to all
, Kantianism - Answer-an ethical philosophy claiming that motives and universal rules are important
aspects in judging what is right or wrong
Categorical Imperative - Answer-Evaluate an action based on the rational result of everyone acting the
same way; evaluate an action based on whether it treats others as an end not a means to an end
Religious Theory - Answer-everyone should act in accordance with religious teachings
Corporate Social Responisibility - Answer-corporations can and should act ethically and be accountable
to society for their actions
- Stakeholder Analysis
- Corporate Citizenship - Answer-What are the theories about Corporate Social Responsiblity?
Stakeholder Analysis - Answer-corporation owes a duty to not just its shareholders, but also other
groups impacted by its decisions
Corporate Citizenship - Answer-Corporations should act a s good citizens and seek to solve social
problems; use wealth and power to benefit society
- Is the action lawful?
- Is the action consistent with company policies?
- Am I following both the "letter" and the "spirit" of the law and policy
- Is my conscience clear?
- Am I living up to prior commitments?
- Would my "hero" make the decision that I am contemplating? - Answer-What are the George S. Mary
International Guidelines for ethical behavior?
