Block 4

Question 1

virtue ethics

Answer 1

does NOT focus on ethical decision, but on the decision maker and the qualities used to make the decision.

Question 2

4 primary virtues (greek)

Answer 2

courage
wisdom
moderation
justice

Question 3

2 tests if one is behaving consistent with ethical character

Answer 3

role model test

headline news test

Question 4

Conflicts of interests

Answer 4

occurs when your judgement or objectivity is compromised. When personal interest of the decision maker conflicts with the best interest of the company

Question 5

types of conflict of interest

Answer 5

over bribe/ kickback
subtle bribe
influence
misuse of privileged info
selling employer secrets

Question 6

overt bribe

Answer 6

money or something of value given personally to the business decision maker in exchange for his favor.

Question 7

kickback

Answer 7

business agrees in exchange for personal amount of money

Question 8

misuse of prevailed info:

Answer 8

valuable because unknown to others who could exploit it for own use

is subject to reasonable efforts by the company to keep a secret

Question 9

advertising

Answer 9

the act or practice of offering goods/services to the public through announcements in the media

Question 10

4 ethical values of advertising

Answer 10

truth
freedom
wellbeing
justice

Question 11

7 triggers of whistleblowing

Answer 11

trust
truth
harm
rep of org
rep of personal
rights
laws

Question 12

5 precursors

Answer 12

assemble facts
dealing with a serious issue
check facts are accurate
peer/manager advice
law of policy that will be violated

Question 13

7 steps to whistle blowing

Answer 13

1. approach immediate manager
2. discuss issue with family
3. take it to the next level
4. ethics manager
5. outside chain of command
6. outside company
7. leave company

Question 14

sarbanes Oxley act

Answer 14

requires a company to change their lead auditor and coordinating partner every 5 years.

Question 15

4 ways to discipline

Answer 15

1. constructive and professional
2. privately
3. input / explain their side of the story
4. harsh and consistent with the past

Question 16

4 kinds of discipline

Answer 16

oral
written
suspension
demotion

Question 17

3 reasons why discipline is important

Answer 17

ensure work productivity
set standards for employee behavior
meet requirements of FOSG

Question 18

3 kinds of terminations

Answer 18

cause
poor performance
layoffs / downsizing

Question 19

5 advices for termination

Answer 19

prepare carefully
outplacement counselor
neutral ground
privately /dont get personal
keep info. private

Question 20

costs of termination

Answer 20

lawsuit
damage to employee morale
company reputation