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Exam (elaborations)

WGU C206 Questions and Answers

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Balanced Scorecard ~ strategic performance managment tool to track and monitor emloyee activity and outcomes Ethics Audit ~ Neutral verifiable process to understand, Measure, report on and help improve an organizations social and environmental performance. Kaplan and Norton ~ developed the balanced scorecard 4 perspectives of the balanced scorecard ~ financial customer financial growth scorecard is balanced by ~ Internal and external measures objective and subjective measures Performance results and drivers of future results Fiduciary responsibility ~ ~ professional codes of ethics concerning the obligations resulting from relationships that have their basis in faith, trust, and confidence.

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Institution
WGU C206
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Uploaded on
August 5, 2024
Number of pages
22
Written in
2024/2025
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Exam (elaborations)
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WGU C206 Questions and
Answers
stakeholder


✓~ any person or group with a stake in the issue at hand




descriptive


✓~ the approach to ethical decision making focuses on how people actually make ethical

decisions




prescriptive


✓~ approach to ethical decision making focuses on what decision an individual

should

make




Utilitarianism


✓~ the best known consequentialist theory




principle of utility

,✓~ states that an ethical decision should maximize benefits to society and minimize

harms




Utilitarian focuses on


✓~ (Consequesntialist approach) focuses on what is best for society




Deontologist


✓~ Follow the rules no matter what. Focuses on universal principles such as honesty.




virtue ethics


✓~ focuses on the integrity of

the moral person not on the moral

act itself (the decision or behavior)




Disclosure rule


✓~ asks whether you would feel comfortable if your activities were disclosed in the light of

day (if you have something to hide it is probably unethical)




veil of ignorance

, ✓~ deciding what is ethical and just without any regard to the background of the situation or

person.




categorical imperative


✓~ This rule asks you to consider whether the rationale for your action is suitable to become

a universal law or principle for everyone to follow (what if everyone did it?)




Eight Steps to Sound Ethical Decision Making in Business


✓~ 1. GATHER THE FACTS

2. DEFINE THE ETHICAL ISSUES

3. IDENTIFY THE AFFECTED PARTIES (THE STAKEHOLDERS)

4. IDENTIFY THE CONSEQUENCES

5. IDENTIFY THE OBLIGATIONS

6. CONSIDER YOUR CHARACTER AND INTEGRITY

7. THINK CREATIVELY ABOUT POTENTIAL ACTIONS

8. CHECK YOUR GUT




moral disengagement


✓~ Deactivating your internal Ethical self control to act unethically without feeling bad.




8 moral disengagement mechanisms

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