Chapter 4: Managing Ethics and Social Responsibility Flashcards
the code of moral principles and values that govern the behaviors of right or wrong; set standards as to what is good or bad in conduct and decision making.
ethics
T or F: An ethical issue is present in a situation when the actions of a person or organization may harm or benefit others.
True
What are the three domains of human action?
- Domain of Codified Law
- Domain of Ethics
- Domain of Free Choice
The Domain of Codified Law covers _______ ________ and has (high/middle/low) explicit control.
legal standards; high
The Domain of Ethics covers _______ _______ and has (high/middle/low) explicit control.
social standards; middle
Which domain of human actions has no specific laws, but has standards of conducts based on shared principles/values?
Domain of Ethics
The Domain of Free Choice covers ________ ________ and has (high/middle/low) explicit control.
personal standards; low
An organization’s choice of which of two well qualified suppliers to use is in the domain of:
free choice
More than ____% of people agree that corporate America’s moral compass is “pointing in the wrong direction”.
75%
Managers and organizations engage in unethical behavior for any number of reasons including an overemphasis on pleasing _________.
shareholders
What are the 4 types of Ethical Manager Behavior?
- Displays honesty and integrity
- Communicates/enforces ethical standards through behavior
- Fair in decisions and distributions of rewards
- Shows kindness, compassion, and concern for the needs and feelings of others
T or F: The question of whether it is ethical and socially responsible for managers to earn huge sums of money compared to other employees is of growing concern.
True
Research has generally found a positive relationship between ethical and socially responsible ________ and a firm’s ________ performance.
behavior; financial
People prefer to work for companies that demonstrate a high level of ______ and _______ ___________.
ethics; social responsibility
arises in a situation concerning right or wrong when values are in conflict. (right and wrong can’t be clearly distinguished)
ethical dilemma
The individual who must make an ethical choice in an organization
moral agent
What are the 5 frameworks for ethical decision making?
- Utilitarian approach
- Individualism approach
- Moral rights approach
- Justice approach
- Practical approach
What framework for ethical decision making does this describe?
contends that acts are moral when they promote the individual’s best long-term interests.
Individualism approach
What framework for ethical decision making does this describe?
holds that moral behavior produces the greatest good for the greatest number
Utilitarian approach
What framework for ethical decision making does this describe?
sidesteps debates about what’s right, good, or just and bases decisions on prevailing standards of the profession and the larger society, taking the interests of all stakeholders into account.
Practical approach
What framework for ethical decision making does this describe?
asserts that human beings have fundamental rights and liberties that cannot be taken away by an individual’s decision.
Moral rights approach
What framework for ethical decision making does this describe?
holds that moral decisions must be based on standards of equity, fairness, and impartiality.
Justice approach
What are the 3 types of justice in the justice approach?
- Procedural justice
- Distributive justice
- Compensatory justice
What type of justice does this describe?
argues that individuals should be compensated for the cost of their injuries by the party responsible.
compensatory justice
What type of justice does this describe?
requires that different treatment of people not be based on arbitrary characteristics. (ex: short vs. tall; blonde vs. brown haired)
distributive justice
What type of justice does this describe?
requires that rules be administered fairly.
procedural justice