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Business Ethics > Block 3 And 4 > Flashcards

Block 3 And 4 Flashcards

0
Q

Biggest pro for objectivism

A

Reinforces personal responsibility

Try to develop yourself and doing the best with what you have

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1
Q

Decision rule for objectivism

A

Be rational and be all that you can be

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2
Q

Biggest con for objectivism

A

Individualistic and judgmental

Too self centered and needs to be more community oriented and too tuff

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3
Q

Decision rule for Integrative social contract theory

A

Decision is ethical when compatible with ethical rules in the community in which I am doing business and must consistent with hyper norms

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4
Q

In integrative social contract theory ethics are

A
  1. Authentic- supported by majority members of community
  2. Permit members to exit when distress about a particular community norm
  3. Allowing community members a voice in developing and evolution of norms
  4. Legitimate (rule does not conflict with hypernorm)
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5
Q

Hyper norms are

A

A fundamental norm and serves as guide for evaluating authentic but less fundamental norms

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6
Q

Biggest pro for integrative social contract theory

A

Accepts different cultural norms and accepts other culture’s ethical values as different from own

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7
Q

Biggest con for integrative social contract theory

A 
Hypernorm is vague (how broadly shared in order to be fundamental)
Not practical (norm in a country conflicting with a hypernorm)
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8
Q

What is ethical relativism?

A

When dealing with foreign culture adopt their ethical norms and not imposing your own

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9
Q

What is ethical imperialism

A

Imposing the company’s ethical standard on other communities

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10
Q

Decision rule for care

A

Focusing on relationships and responsibilities

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11
Q

Pro for ethics of care

A

More aware and protects the week and dependent

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12
Q

Biggest con for ethics of care

A

Neglects justice (encouraging wrong behavior)

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13
Q

Ethic of care is based on

A

How people develop not gender based

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14
Q

Focus on integrity

A

Focuses on the integrity of the person than the decision or behavior

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15
Q

Virtue of ethics

A

Is a conformity to a standard of morally good behavior or character

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16
Q

Greeks four primary virtues

A

Courage
Moderation
Wisdom
Justice

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17
Q

Virtue ethics in business

A

Different expectations in the professional community you belong to

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18
Q

Checks for ethical behavior character

A

Role model test

Headline news test

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19
Q

Role model test is

A

What the role model thinks of the decision

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20
Q

Headline news test

A

How people would react if the decision makes headlines

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21
Q

Conflict of interest is when

A

Personal interest of the decision conflict or appear to with the best interest of the company

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22
Q

Four types of conflict of interest

A

Bribe or kickback
Subtle bribe
Improper influence by those close to you
Misuse of company’s privileged information for personal gain

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23
Q

Bribe or kickback is

A

Getting money in exchange for a decision in favor of giver

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24
Q

Subtle bribe is

A

Extravagant gift to decision maker in exchange for consideration

25
Q

Improper influence by those close to you is

A

Having a personal relationship with decision maker and seeking a favorable decision

26
Q

Privileged information is

A

Potentially valuable because others can use it for there own use

And having reasonable effort by the company to keep it secret

27
Q

Three types of misuse of company privilege information

A

Selling employer secrets to highest bidder

Moonlighting for a competitor

You working for a company and someone close to you working for a competitor

28
Q

The ethics of advertising

A

There are limits to the distortion that is port of the nature of advertising

29
Q

The ethical values the guide ethics in advertising

A

Truth
Freedom
Well-being
Justice

30
Q

When do you know to blow the whistle?

A

Truth (when someone is lying)

Employee or customer rights are being violated

Trust is being violated

Harm (physical or psychological)

Personal reputation

Organization’s reputation

Law is being broken

31
Q

Precursors to whistle blowing

A

Is it a serious issue?

Have you assembled enough facts

Is the info valid

Talked to people about it and asked for their opinion

Checking if law or policy is violated

32
Q

Seven steps to whistle blowing

A
  1. Go to immediate manager first
  2. Discuss with your family
  3. Talk to your boss about going to talk to their boss
  4. Going to company’s ethnic officer
  5. Maybe going outside chain of command?
  6. Going outside the company (people who oversee industry)
  7. Leave the company
33
Q

Reasons why discipline is important

A
  1. to ensure worker productivity
  2. To set the standard of employee behavior
  3. Meet the requirements of the federal organization sentencing guidelines
34
Q

Four kinds of discipline

A

Oral warning

Written warning

Suspension

Demotion of position

(If all fails employee will be terminated)

35
Q

Most effective ways to discipline employee

A
  1. Discipline should be constructive and done in a professional manner
  2. Discipline should be done privately
  3. Employees should have input
  4. Discipline should be appropriate and consistent punishment other employees have received
36
Q

What is progressive discipline?

A

First time offense will Abe lowest level of discipline

37
Q

How to treat star employees

A

Consistent with organizational values

38
Q

What are the different kinds of termination

A
  1. Termination for cause
  2. Poor performance
  3. Layoffs and downsizing
39
Q

What is survivor syndrome?

A

Decreased moral, lower productivity, distrust of management in survivors of a layoff.

(Wondering if they are next)

40
Q

Advice for termination

A
  1. Prepare carefully
  2. Have outplacement counselor available
  3. Do it on neutral ground
  4. Do it privately and don’t get personal
  5. Keep info private
41
Q

Three reasons for social responsibility is fundamental in business

A

Pragmatic reason
Ethical reason
Philanthropic reason

42
Q

What is corporate social responsibility

A

Ranges from responsibilities to society (that go beyond goods and services as a profit to not acting irresponsibly)

43
Q

What is pragmatic reason

A

Realizing business must use its power responsibly in society or risk losing rights

44
Q

What is the ethical reason corporations should care about social responsibility

A

Business have a responsibility to behave ethically

45
Q

What is the strategic reason for caring about social responsibility?

A

There is an interdependence of business and society

46
Q

Expansive view of CSR believe in

A

Having sociably responsible behavior
In order to
Be profitable

Obey the law

Able to engage in ethical practices

Able to be philanthropic

47
Q

Limited view of CSR are

A 
Not acting irresponsibly 
Being financially transparent 
Producing quality products
Being forthright about product dangers
No child labor no polluting 
And be a fair and open employer

NO CORPORATE PHILANTHROPY

48
Q

Ethical risks of doing business abroad

A

Failing to understand stakeholders of a foreign culture

Being bound by foreign laws (that may not comport with ours)

49
Q

Describe individualistic cultures

A

Thinking in yourselves and immediate family

50
Q

Describe a collective cultur

A

Acting as a group instead of individually

51
Q

Explain power distance

A

The acceptance of unequal distribution of power in an organization or society

52
Q

Assumption of behavioral consistency is

A

Assuming how a person will act based off on how people tend to think in their native environment

53
Q

Assumption of cultural homogeneity is

A

Thinking everyone in a culture acts alike

Failing to recognize individual differences

54
Q

Assumption of similarity is

A

Believing country’s culture is similar to ones own

Not aware or thinking cultures have differences

55
Q

The FCPA is

A

Foreign corrupt practices act

Does not allow companies to bribe any sort that’s related to the government

56
Q

What is the transparency International Corruption Index

A

A list of countries ranking them on the level of corruption that goes on when doing business

They are based off from business people political analysts and the general public

57
Q

What is the Caux Round Table

A

Group that represents American, European, and Japanese who set non binding business standards

58
Q

What did the United Nations do

A

The commuted companies to sign an agreement to follow broadly shared principles

59
Q

What are the five guidelines for doing business abroad

A

1.Treat corporate values and formal standards as absolute
2.set conditions on suppliers and customers you are doing business with
3 use company foreign decisions to set and solve ethical standards
4. Use support efforts to decrease corruption
5. When ethical conflicts arise, think outside the box

Business Ethics (2 decks)

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