Classroom Discussions and Recordings FIN

Question 1

Ethisphere Empowering your managers:

Answer 1

Ensuring managers are prepared to appropriately handle and manage concerns will make them cultural ambassadors for company.

Question 2

Ethisphere The power of storytelling:

Answer 2

Communicating behavioral expectations is foundational to an ethical culture. Good companies incorporate stories and real-life examples so it sticks.

Question 3

Ethisphere Establishing a speak-up culture:

Answer 3

Ensures employees feel comfortable asking difficult questions and to raise their hand when misconduct is observed.

Question 4

Theranos and elizabeth holmes:

Answer 4

Theranos defrauded investors by saying that they had a product that does blood tests with a drop of blood, which turned out to be false, and they lied to patients by taking a lot of blood when they said they would take a little. Holmes was sentenced to prison for fraud.

Question 5

Utilitarian approach:

Answer 5

Produce greatest good for greatest number of people, yet a few may suffer.

Question 6

Deontology approach:

Answer 6

What would I do if I wanted to follow the rules and I’m not really concerned with the consequences of the decision? (follow the rules and moral rights ignore consequences)(who will benefit, who will suffer?)

Question 7

Rights approach:

Answer 7

Honor the moral rights life liberty, freedom of religion, property ownership of the people involved.

Question 8

Virtue approach:

Answer 8

Is the action consistent with my own values, and do I want to embrace it?

Question 9

Jack Abramoff:

Answer 9

Political lobbyist, took advantage of tribes by charging gross fees to lobby for casinos, and even lobbied against this own clients to make more money. He bribed public officials, orchestrated money laundering through native casinos, also referred to native clients in derogatory terms. Charged with conspiracy, fraud, and tax evasion.

Question 10

Otter cares philanthropy:

Answer 10

One day a year the company shuts down and everyone does some form of volunteer work, and the company pays for that time off.

Question 11

Otter box triple bottom line:

Answer 11

Accounting framework that incorporates 3 dimensions of performance: social, environmental, and financial.

Question 12

Otter box does not seek growth to just make money, but to take care of shareholders, _______, customers, and _________.

Answer 12

Employees, community

Question 13

Otter box mission statement:

Answer 13

We grow to give.

Question 14

Rita Crundwell:

Answer 14

Small town comptroller and treasurer, embezzled $50 million from town, largest municipal fraud in U.S history, used money for pay for horse breeding operation and lavish lifestyle.

Question 15

How Rita Crundwell effected others:

Answer 15

Had to make budget cuts in town to embezzle money, people went without raises and hurt both police force and city maintenance.

Question 16

Otter Box Hiring:

Answer 16

Hire people based on values, hard to determine at times but important.