Chapter 3

Question 1

Why are the Code of ethics important?

Answer 1

Gray areas exist in law and ethics so we use the reasonable person standard to determine if the action is ethical

Question 2

How does management impact the code of ethics

Answer 2

By rewarding good \use of the code of ethics

Question 3

Categorical imperative

Answer 3

commands or moral laws all persons must follow, regardless of their desires

Question 4

Utilitarianism

Answer 4

determines right from wrong by focusing on outcomes. Do things that make you happy vs dont do things that make you sad.

Question 5

Outcome based ethics

Answer 5

Focus on the outcome, and pick the action that has the best outcome!

Question 6

Corporate Social responsibility’s

Answer 6

All stake holders are being counted for. Including Community, Customers, Vendors, Employees, and anyone else affected by their actions

Question 7

Cost benefit analysis

Answer 7

Best NET Benefit. The Profits - the cost

Question 8

Duty based ethics

Answer 8

an ethical theory that focuses on the rightness or wrongness of an action based on the action itself, rather than its consequences

Question 9

Principles of rights

Answer 9

Every person around the worlds deserves their natural law(Right to law, Liberty, and pursuit of happiness)

Question 10

Behaving ethically

Answer 10

Doing things that we believe are right, and not doing things that we believe are wrong

Question 11

IS bribery ever acceptable?

Answer 11

NO