Chapter 3 - Law and Ethics

Question 1

Formalism

Answer 1

• Mandates that a person should act in a manner that he or she believes that everyone should act.

Question 2

Consequentialism

Answer 2

Think of the consequence of a decision and answer differently even if you’d be lying.

Question 3

Profits vs. Ethics - Ford Case

Answer 3

1. Ford knew gas tanks had a problem, but determined the value of life and figured it was more expensive to fix the tanks, so they didn’t.
2. Ford made car in compliance with federal law.
3. FORD LOST

Question 4

Codes of Conduct

Answer 4

Every company has codes of conduct that provide guidelines for ethical behavior, but don’t replace applicable law.