WVU BCOR 370 MAIN QUESTIONS AND ANSWERS SURE
A+
✔✔Prudence - ✔✔It's the smart thing to do (self-interest)
✔✔Virtue - ✔✔It's the right thing to do
✔✔Ethics - ✔✔Moral principles of duty and virtue that prescribe how we should behave
✔✔What are three classical views of Ethical Decision Making? - ✔✔1.) Utilitarian
Approach
2.) Rights Approach
3.) Justice Approach
✔✔Utilitarian Approach - ✔✔Greatest good to greatest number of people
-can be a problem
example: Nazi's
✔✔Rights Approach - ✔✔Consider rights of people that actions affect and choose what
will least infringe on those rights
-problem: who decides who has what rights?
✔✔Justice Approach - ✔✔Consider people you will impact and what is most fair or just
-problem: who says what's fair/just
✔✔What are the Six Pillars of Character - ✔✔-trustworthiness
-respect
-responsibility
-fairness
-caring
-citizenship
To be ethical, use one of these core values above others; like winning, betting
Do the right thing
Make decisions based on core ethical traits
✔✔Trustworthiness - ✔✔Integrity, honesty, promises-keeping, loyalty
✔✔Respect - ✔✔Courtesy, autonomy, dignity, diversity, Golden rule
✔✔Responsibility - ✔✔Duty, accountability, pursuit of excellence
✔✔Fairness - ✔✔Openness, consistency, impartiality
, ✔✔Caring - ✔✔Kindness, compassion, empathy
✔✔Citizenship - ✔✔Lawfulness, common good, environment
✔✔Ethical Decision Making Model - ✔✔-Take into account interests and well-being of
all stakeholders
-Put core ethical values (six pillars) above all others
-If you must violate one core value to honor another do what you believe will produce
the greatest amount of good in the long run
✔✔Social Responsibility - ✔✔Taking actions, beyond economic and legal
responsibilities, that are beneficial to society at large
✔✔Levels of Responsibility - ✔✔1.) Discretionary Responsibility
2.) Ethical Responsibility
3.) Legal Responsibility
4.) Economic Responsibility
✔✔Discretionary Responsibility (highest level) - ✔✔Proactive; "Go beyond the call of
duty" (Andrew Carnegie)
✔✔Ethical Responsibility (second highest) - ✔✔"Do what is Right"
✔✔Legal Responsibility (second lowest) - ✔✔Reactive; "play by the Rules"
-Won't break a law
✔✔Economic Responsibility (lowest) - ✔✔"run an efficient and effective business"
(Milton Friedman)
✔✔ Organization - ✔✔A systematic arrangement of people to accomplish some specific
purpose
✔✔Why do we have organizations? - ✔✔-efficiency; to accomplish specific objectives
-serve society
-provide careers
✔✔How do organizations accomplish their objectives? - ✔✔-Basic framework of
management
-Decision Making
✔✔Basic Framework of Management - ✔✔-Planning
-Organizing
-Leading
-Controlling
A+
✔✔Prudence - ✔✔It's the smart thing to do (self-interest)
✔✔Virtue - ✔✔It's the right thing to do
✔✔Ethics - ✔✔Moral principles of duty and virtue that prescribe how we should behave
✔✔What are three classical views of Ethical Decision Making? - ✔✔1.) Utilitarian
Approach
2.) Rights Approach
3.) Justice Approach
✔✔Utilitarian Approach - ✔✔Greatest good to greatest number of people
-can be a problem
example: Nazi's
✔✔Rights Approach - ✔✔Consider rights of people that actions affect and choose what
will least infringe on those rights
-problem: who decides who has what rights?
✔✔Justice Approach - ✔✔Consider people you will impact and what is most fair or just
-problem: who says what's fair/just
✔✔What are the Six Pillars of Character - ✔✔-trustworthiness
-respect
-responsibility
-fairness
-caring
-citizenship
To be ethical, use one of these core values above others; like winning, betting
Do the right thing
Make decisions based on core ethical traits
✔✔Trustworthiness - ✔✔Integrity, honesty, promises-keeping, loyalty
✔✔Respect - ✔✔Courtesy, autonomy, dignity, diversity, Golden rule
✔✔Responsibility - ✔✔Duty, accountability, pursuit of excellence
✔✔Fairness - ✔✔Openness, consistency, impartiality
, ✔✔Caring - ✔✔Kindness, compassion, empathy
✔✔Citizenship - ✔✔Lawfulness, common good, environment
✔✔Ethical Decision Making Model - ✔✔-Take into account interests and well-being of
all stakeholders
-Put core ethical values (six pillars) above all others
-If you must violate one core value to honor another do what you believe will produce
the greatest amount of good in the long run
✔✔Social Responsibility - ✔✔Taking actions, beyond economic and legal
responsibilities, that are beneficial to society at large
✔✔Levels of Responsibility - ✔✔1.) Discretionary Responsibility
2.) Ethical Responsibility
3.) Legal Responsibility
4.) Economic Responsibility
✔✔Discretionary Responsibility (highest level) - ✔✔Proactive; "Go beyond the call of
duty" (Andrew Carnegie)
✔✔Ethical Responsibility (second highest) - ✔✔"Do what is Right"
✔✔Legal Responsibility (second lowest) - ✔✔Reactive; "play by the Rules"
-Won't break a law
✔✔Economic Responsibility (lowest) - ✔✔"run an efficient and effective business"
(Milton Friedman)
✔✔ Organization - ✔✔A systematic arrangement of people to accomplish some specific
purpose
✔✔Why do we have organizations? - ✔✔-efficiency; to accomplish specific objectives
-serve society
-provide careers
✔✔How do organizations accomplish their objectives? - ✔✔-Basic framework of
management
-Decision Making
✔✔Basic Framework of Management - ✔✔-Planning
-Organizing
-Leading
-Controlling
