MGT 300 Exam 2 – Neck Questions With Complete Solutions.

MGT 300 Exam 2 – Neck Questions With
Complete Solutions

Ethics - CORRECT ANSWER✔✔-Moral principles, values, beliefs that govern group
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or individual behavior according to what is right or wrong and what contributes
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to the balanced good of all stakeholders
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Ethical dilemma - CORRECT ANSWER✔✔-Situation in which no choice in entirely
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right.


Domains of Ethical Decision Making - CORRECT ANSWER✔✔-Individuals,
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organizations, stakeholders, governments, and global community
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Pre conventional stage of ethics - CORRECT ANSWER✔✔-An individuals moral
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decisions are based primarily on self-protection/interest (based on
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consequences/rewards)


Conventional stage of ethics - CORRECT ANSWER✔✔-Individuals moral decisions
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based primarily on societal norms (expectations of others)
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Societal norms - CORRECT ANSWER✔✔-society's expectations about how people
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should behave |

,Post-conventional stage of ethics - CORRECT ANSWER✔✔-Individual's moral | | | | | | | |


decisions based on what he or she believes is good for society (act bc of well
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thought out and deeply engrained moral guide)
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Value-based management - CORRECT ANSWER✔✔-Where company's culture
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affects employee behavior in ways that are consistent with organizations mission
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and values |




Stakeholders - CORRECT ANSWER✔✔-Have direct interest in organizations
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behavior and experience the effects of the companys management decisions
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Externality - CORRECT ANSWER✔✔-Cost or benefit that occurs beyond the direct
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exchange between an organization and its stakeholders
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Escalation - CORRECT ANSWER✔✔-There is an increase in an organizational
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behavior as a direct response to a competitor's behavior
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Global level of ethics - CORRECT ANSWER✔✔-Principles, values, and beliefs that
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are widely considered universal
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10 Principles of the United Nations - CORRECT ANSWER✔✔-Human rights, labor,
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environment, anti-corruption |




Preliminary Questions for Ethical Decision Making - CORRECT ANSWER✔✔-1. is
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this action consistent with my role and responsibilities?
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2. Does my action respect the rights and legitimate expectations of others?
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, 3. Will this decision reflect a best practice for myself and the organization?
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4. Is this action compatibile with my own deeply held principles?
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Legal Principle - CORRECT ANSWER✔✔-Making decisions that follow both the
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letter and spirit of the law
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Individual rights principles (Rights view) - CORRECT ANSWER✔✔-Making
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decisions that do not infringe upon the rights of other people (ethical if doesnt
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infringe on others basic human rights)
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Virtuous principle - CORRECT ANSWER✔✔-Making decisions that you would be
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publicly proud of | |




Long-term principle - CORRECT ANSWER✔✔-Making decisions that support long-
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term interest of self/organization
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Community principle - CORRECT ANSWER✔✔-Making decisions that contribute to
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the strength and well-being of the community
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Utilitarian principle - CORRECT ANSWER✔✔-Making decisions that provide
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greatest good to greatest number of people
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Distributed justice principle - CORRECT ANSWER✔✔-Making decisions that do
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not harm those who are already disadvantaged
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