IOE 421 FINAL EXAM 99 complete
solutions.
IOE 421 FINAL EXAM 99 complete
solutions.
Ethics - ANSWER-A system of moral principles governing the appropriate conduct of an
individual or group
Managerial Ethics - ANSWER-Principles that guide the decisions and behaviors of
managers with regard to whether they are right or wrong from a moral perspective
Morals - ANSWER-Relating to issues of right / wrong and how individuals should
behave based on what a person's conscience says is right and wrong, rather than what
the law says should be done.
Good or right when judged by the standards of the typical person or society at large.
Forces that Shape Managerial Ethics - ANSWER-Personal Ethics
Organizational Culture
Organizational Systems
External Stakeholders
Ethics Approaches - ANSWER-Virtue
Moral-Rights
Utilitarian
Personal Liberty
Justice
Pragmatic
Virtue ethics - ANSWER-Moral behavior stems from personal virtues
Ability and motivation to do right rather than wrong
Unchanging, Moral Principle
, IOE 421 FINAL EXAM 99 complete
solutions.
Moral-Rights Ethics - ANSWER-Asserts human beings have fundamental rights that
cannot be taken away by another individual's decision
Situational, Moral Principle
Utilitarian Ethics - ANSWER-holds that moral behavior produces the greatest good for
the greatest number
Situational, Utility of Outcome
Personal Liberty Ethics - ANSWER-moral when they promote the individual's best long-
term interests
Situational, Moral Principle
Justice Ethics - ANSWER-moral decisions must be based on standards of equity,
fairness, and impartiality
Distributive, Procedural, Compensatory
Unchanging, Utility of Outcome
Pragmatic Ethics - ANSWER-Bases decisions on prevailing standards of the profession
and larger society, taking the interests of all stakeholders into account
Situational, Utility of Outcome
Entrepreneurship - ANSWER-The capacity and willingness to develop, organize and
manage a venture in order to ultimately be self-sustaining
Entrepreneur - ANSWER-One who organizes, manages, and assumes the risk
associated with the new venture
One who risks time, effort, reputation and his or her invested funds as well as those of
associates and stockholders
One who takes initiative to combine land, capital, and labor to produce an innovative
good or service that is hoped to be self-sustaining and profitable
Entrepreneurial Characteristics - ANSWER-Persuasive
Confident
Disciplined
Driven
Belief
solutions.
IOE 421 FINAL EXAM 99 complete
solutions.
Ethics - ANSWER-A system of moral principles governing the appropriate conduct of an
individual or group
Managerial Ethics - ANSWER-Principles that guide the decisions and behaviors of
managers with regard to whether they are right or wrong from a moral perspective
Morals - ANSWER-Relating to issues of right / wrong and how individuals should
behave based on what a person's conscience says is right and wrong, rather than what
the law says should be done.
Good or right when judged by the standards of the typical person or society at large.
Forces that Shape Managerial Ethics - ANSWER-Personal Ethics
Organizational Culture
Organizational Systems
External Stakeholders
Ethics Approaches - ANSWER-Virtue
Moral-Rights
Utilitarian
Personal Liberty
Justice
Pragmatic
Virtue ethics - ANSWER-Moral behavior stems from personal virtues
Ability and motivation to do right rather than wrong
Unchanging, Moral Principle
, IOE 421 FINAL EXAM 99 complete
solutions.
Moral-Rights Ethics - ANSWER-Asserts human beings have fundamental rights that
cannot be taken away by another individual's decision
Situational, Moral Principle
Utilitarian Ethics - ANSWER-holds that moral behavior produces the greatest good for
the greatest number
Situational, Utility of Outcome
Personal Liberty Ethics - ANSWER-moral when they promote the individual's best long-
term interests
Situational, Moral Principle
Justice Ethics - ANSWER-moral decisions must be based on standards of equity,
fairness, and impartiality
Distributive, Procedural, Compensatory
Unchanging, Utility of Outcome
Pragmatic Ethics - ANSWER-Bases decisions on prevailing standards of the profession
and larger society, taking the interests of all stakeholders into account
Situational, Utility of Outcome
Entrepreneurship - ANSWER-The capacity and willingness to develop, organize and
manage a venture in order to ultimately be self-sustaining
Entrepreneur - ANSWER-One who organizes, manages, and assumes the risk
associated with the new venture
One who risks time, effort, reputation and his or her invested funds as well as those of
associates and stockholders
One who takes initiative to combine land, capital, and labor to produce an innovative
good or service that is hoped to be self-sustaining and profitable
Entrepreneurial Characteristics - ANSWER-Persuasive
Confident
Disciplined
Driven
Belief
