CORPORATE ETHICS

Question 1

The code of moral principles and values that govern the behaviors of a person or group with respect to what is right or wrong.

Answer 1

Ethics

Question 2

Three Domains of Human Action

Answer 2

• Domain of Certified Law (Legal Standard)
• Domain of Ethics (Social Standard)
• Domain of Free Choice (Personal Standard)

Question 3

Conflict between needs of the part & whole

Answer 3

• Individual versus the organization - Organization versus society as a whole

Question 4

Managers use _________ to guide their decision making norms and values

Answer 4

normative strategies

Question 5

Moral behavior produces the greatest good for the greatest number

Answer 5

Utilitarian Approach

Question 6

are those that best maintain the rights of those people affected by them.

Answer 6

Moral Decision

Question 7

is one that avoids interfering with the fundamental rights of others

Answer 7

Ethical Decision

Question 8

Six Moral Rights:

Answer 8

1. The right of free consent
2. The right to privacy
3. The right of freedom of conscience
4. The right of free speech
5. The right to due process
6. The right to life & safety

Question 9

Moral Decisions must be based on standards of equity, fairness, impartiality

Answer 9

Justice Approach

Question 10

Three types of Justice Approaches:

Answer 10

• Distributive Justice
• Procedural Justice
• Compensatory Justice

Question 11

Acts are moral when they promote the individual’s best long-term interests, which ultimately leads to the greater good

Answer 11

Individualism Approach

Question 12

is believed to lead to honesty & integrity since that works best in the long run

Answer 12

Individualism

Question 13

Different treatment of people should not be based on arbitrary characteristics

Answer 13

Distributive Approach

Question 14

Individuals should be compensated for the cost of their injuries by the party responsible

Answer 14

Compensatory Justice

Question 15

Factors Affecting Ethical Choices

Answer 15

•The Manager
• Levels or stages of moral development
• Pre-conventional
• Conventional
•Post-conventional

Question 16

LEADERSHIP STYLE

Answer 16

• Autocratic/Coercive
• Guiding/Encouraging, Team Oriented
• Transforming, or Servant Leadership

Question 17

EMPLOYEE NEHAVIOR

Answer 17

• Task Accomplishment
• Work Group Collaboration
• Empowered Employees, Full Participation

Question 18

Rarely can ethical or unethical corporate actions be attributed solely to the personal values of a single manager.

Answer 18

The Organization

Question 19

Organization’s obligation to make choices and take actions that will contribute to the welfare and interest of society and organization.

Answer 19

Social Responsibility

Question 20

any group within or outside the organization that has a stake in the organization’s performance.

Answer 20

Organizational Stakeholders

Question 21

EACH STAKEHOLDER

Answer 21

• Has a different criterion of responsiveness
• Has a different interest in the company

Question 22

ENVIRONMENTAL RESPONSIBILITY COMMITMENT
The Shades of Corporate Green

Answer 22

(in order)

• Activist Approach
• Stakeholder Approach
• Market Approach
• Legal Approach

Question 23

TOTAL CORPORATE RESPONSIBILITY

Answer 23

• Economic Responsibility
• Legal Responsibility
• Ethical Responsibility
• Discretionary Responsibility

Question 24

THE ETHICAL ORGANIZATION

Answer 24

• Ethical Individuals
• Ethical Leadership
• Organizational Structure

Question 25

honest, have integrity, strive for a high level of moral development

Answer 25

Ethical Individuals

Question 26

provides the necessary actions, committed to ethical values and helps other to embody those values

Answer 26

Ethical Leadership

Question 27

embodies a code of ethics, and methods to implement ethical behavior

Answer 27

Organizational Structure

Question 28

Telecommuting, virtual work, and flexible hours - Success of new programs depends on mutual trust

Answer 28

Ethics and the New Workplace