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