Chapter 5- Ethics in IB

Question 1

noble and honorable behavior “honorable or benevolent behavior”

Answer 1

noblesse oblige

Question 2

everyone in the company is doing it so it is okay

Answer 2

behavioral ethics

Question 3

revealed truths from religion or philosophical, antithetical to our legal rights based system; you have obligations towards others

Answer 3

duty based ethics

Question 4

like the ten commandments; often duty based but with specific things

Answer 4

religions ethical standards

Question 5

use this when considering an ethical dilemma

Answer 5

compassion

Question 6

what did the Kitty Genovese case show

Answer 6

that we are a rights based society especially when it comes to legal matters

Question 7

people have a right to be treated with respect; they are not a means to an end; are endowed with humanity and dignity

Answer 7

Kantian ethics- developed by Emmanuel Kant

Question 8

if everyone else in society is confronted with the problem and everyone else does what you are about to do is that good or bad

Answer 8

Kant’s Categorical Imperative

Question 9

what two ethical theories are very similar

Answer 9

Kantian ethics and duty based ethics

Question 10

a duty cannot exist without a corresponding right; agree to do things ethically because we want to be treated the same way

Answer 10

principle of rights

Question 11

outcome based; all about the consequences; cost-benefit analysis; are consequences predominately good; works well in collectivist societies

Answer 11

utilitarianism

Question 12

certain rights are inherent by virtue of human nature and are universal; morality comes from people’s basic rights

Answer 12

natural law tradition

Question 13

“the only social responsibility of business is to increase profits so long as the company stays within the rule of law”

Answer 13

Milton Friedman; is it proper for a business to spend on social causes when instead they could do dividends and share holders could decide how to use it

Question 14

coined phrase trickle down economics; Ronald Reagan’s favorite economist

Answer 14

Milton Friedman

Question 15

what should a business consider when thinking about whether or not to donate to social causes

Answer 15

is it making the company more profitable or making people buy more of your product

Question 16

when in Rome, do as the Romans do

Answer 16

moral, ethical, or cultural relativism

Question 17

what is a risk factor of cultural relativism

Answer 17

enlightened self interest

Question 18

how does it play out back in your own home even if its ethical and legal in the country where you are; how will your domestic customers react

Answer 18

enlightened self interest

Question 19

US law passed to help with international ethics dilemmas

Answer 19

Foreign Corrupt Practices Act

Question 20

British law passed to mediate ethics dilemmas

Answer 20

UK Bribery Act of 2010

Question 21

international law passed to help with international ethical dilemmas

Answer 21

Convention on Combating Bribery of Foreign Public Officials in International Business Transactions

Question 22

I am going to do in this country what I do in mine; doing the moral thing but may suffer for it

Answer 22

righteous moralist

Question 23

forcing our morals on the rest of the world through laws and our standards

Answer 23

moral imperialism by Henry Kissinger

Question 24

Nike sweatshop; was doing nothing illegal but need the children; how do they solve

Answer 24

set up a school for all boys and girls beyond the age of 12

Question 25

framing

Answer 25

do you say 25% less fat or 75% fat; which one is more appealing

Question 26

why do some countries get in big ethical dilemmas like Enron did and UBS financial services in the MC

Answer 26

the organizational culture of the company was one that either promoted or turned a blind eye to those activities

Question 27

what is a downfall of human nature when it comes to doing the right or moral thing

Answer 27

conformity bias; that is why we don’t speak up even if we see something that is wrong

Question 28

the tendency to use different moral standards for different roles

Answer 28

role morality