BUSMHR 2292 Final Exam Questions
With Correct Answers
Morality |- |CORRECT |ANSWER✔✔-personal |compass |of |values |and |motives
Justice |- |CORRECT |ANSWER✔✔-just |behavior |or |treatment
ethics |- |CORRECT |ANSWER✔✔-actions |that |count |for |meeting |shared |community |values
business |ethics |- |CORRECT |ANSWER✔✔-shared |and |mutually |enforced |professional |norms
Rights/Responsibilities |Lens |- |CORRECT |ANSWER✔✔-you |act |in |an |ethical |manner |because |it |is
|your |duty |(deontological |theories)
Relationships |Lens |- |CORRECT |ANSWER✔✔-if |the |process |id |right |it |will |take |care |of |all |
stakeholders |(justice |theories)
results |lens |- |CORRECT |ANSWER✔✔-greatest |good |for |the |greatest |number |of |people |
(consequentialist |theories |utilitarianism)
Reputation |Lens |- |CORRECT |ANSWER✔✔-act |in |an |ethical |manner |because |it |is |how |you |want |
to |be |remembered |(virtue |theories)
Paine's |Theory |- |CORRECT |ANSWER✔✔-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 |ANSWER✔✔-1. |understand |the |facts
, 2. |identify |relevant |standards
3. |maintain |objectivity |(visibility, |generality, |legacy)
fiduciary |principle |- |CORRECT |ANSWER✔✔-act |in |the |best |interests |of |the |company |and |its |
investors
property |- |CORRECT |ANSWER✔✔-respect |property |and |the |rights |of |those |who |own |it
reliability |- |CORRECT |ANSWER✔✔-keep |promises, |agreements, |contracts, |and |other |
commitments
transparency |- |CORRECT |ANSWER✔✔-conduct |business |in |a |truthful |and |open |manner
dignity |- |CORRECT |ANSWER✔✔-respect |the |dignity |of |all |people
fairness |- |CORRECT |ANSWER✔✔-deal |fairly |with |all |parties-- |fair |treatment |and |process
citizenship |- |CORRECT |ANSWER✔✔-acts |as |a |responsible |member |of |the |community |with |
respect |for |law |and |regulation
responsiveness |- |CORRECT |ANSWER✔✔-be |responsive |to |the |legitimate |claims |and |concerns |
of |others
Enron |Scandal |- |CORRECT |ANSWER✔✔-Kenneth |Lay |(CEO |and |chairman |of |Enron), |indicted |on
|11 |counts |of |securities |fraud
Tyco |Scandal |- |CORRECT |ANSWER✔✔-Dennis |Kozlowski |(former |CEO |of |Tyco), |convicted |in |
2002 |for |a |misappropriation |of |Tyco's |corporate |funds
With Correct Answers
Morality |- |CORRECT |ANSWER✔✔-personal |compass |of |values |and |motives
Justice |- |CORRECT |ANSWER✔✔-just |behavior |or |treatment
ethics |- |CORRECT |ANSWER✔✔-actions |that |count |for |meeting |shared |community |values
business |ethics |- |CORRECT |ANSWER✔✔-shared |and |mutually |enforced |professional |norms
Rights/Responsibilities |Lens |- |CORRECT |ANSWER✔✔-you |act |in |an |ethical |manner |because |it |is
|your |duty |(deontological |theories)
Relationships |Lens |- |CORRECT |ANSWER✔✔-if |the |process |id |right |it |will |take |care |of |all |
stakeholders |(justice |theories)
results |lens |- |CORRECT |ANSWER✔✔-greatest |good |for |the |greatest |number |of |people |
(consequentialist |theories |utilitarianism)
Reputation |Lens |- |CORRECT |ANSWER✔✔-act |in |an |ethical |manner |because |it |is |how |you |want |
to |be |remembered |(virtue |theories)
Paine's |Theory |- |CORRECT |ANSWER✔✔-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 |ANSWER✔✔-1. |understand |the |facts
, 2. |identify |relevant |standards
3. |maintain |objectivity |(visibility, |generality, |legacy)
fiduciary |principle |- |CORRECT |ANSWER✔✔-act |in |the |best |interests |of |the |company |and |its |
investors
property |- |CORRECT |ANSWER✔✔-respect |property |and |the |rights |of |those |who |own |it
reliability |- |CORRECT |ANSWER✔✔-keep |promises, |agreements, |contracts, |and |other |
commitments
transparency |- |CORRECT |ANSWER✔✔-conduct |business |in |a |truthful |and |open |manner
dignity |- |CORRECT |ANSWER✔✔-respect |the |dignity |of |all |people
fairness |- |CORRECT |ANSWER✔✔-deal |fairly |with |all |parties-- |fair |treatment |and |process
citizenship |- |CORRECT |ANSWER✔✔-acts |as |a |responsible |member |of |the |community |with |
respect |for |law |and |regulation
responsiveness |- |CORRECT |ANSWER✔✔-be |responsive |to |the |legitimate |claims |and |concerns |
of |others
Enron |Scandal |- |CORRECT |ANSWER✔✔-Kenneth |Lay |(CEO |and |chairman |of |Enron), |indicted |on
|11 |counts |of |securities |fraud
Tyco |Scandal |- |CORRECT |ANSWER✔✔-Dennis |Kozlowski |(former |CEO |of |Tyco), |convicted |in |
2002 |for |a |misappropriation |of |Tyco's |corporate |funds
