Chapter 3

Question 1

triple bottom line

Answer 1

people
planet
profit

Question 2

ethics

Answer 2

standards of right and wrong that influence behavior

Question 3

ethical dilemma

Answer 3

situation to decide whether to pursue course of action that may benefit you/your org, but may harm 1 or more stakeholders in env

Question 4

utilitarian approach

Answer 4

what will result in the greatest good for greatest # of people

Question 5

individual approach

Answer 5

greatest self interest ling term ,which will help others

Question 6

moral rights approach

Answer 6

respect 4 fundamental rights of human beings
life
liberty
privacy
health and safety

Question 7

justice approach

Answer 7

respect for strict standards of fairness and equity

Question 8

sarbanes oxley reform act

Answer 8

establish requirement for proper funancial record keeping for PUBLIC companies

ceo and cfo need to certify financial reports and cannot take out personal loans for the company

establish procedures and guidelines for audit committees and provide whistleblower protection

Question 9

promoting ethics

Answer 9

ethical climate
ethics codes
screening prospective employees
rewardung ethical behavior – protect whistleblowers
use multi-faceted approach

Question 10

corporate social responsibility

Answer 10

go above and beyond following the law and making a profit

Question 11

Carroll pyramid

Answer 11

PELE

philanthropy
ethics
legal
economic

Question 12

corporate governance and agency theory

Answer 12

interest of cirporate owners and other stakeholders are protected

choose best interest of stakeholders