ethical framework

Question 1

what is ethical framework

Answer 1

the concept of right and wrong conduct, it tells us whether our behavior is moral or immoral and deals with fundamental human relationships

Question 2

examples of unethical behavior

Answer 2

1. lying
2. stealing
3. deceiving

Question 3

examples of ethical behavior

Answer 3

1. honest
2. keeping promises
3. respecting the rights of others

Question 4

define corporate culture

Answer 4

blend of ideas, customs, traditions, and company values that help define normal behavior for everyone who works in the company

Question 5

why should a business be ethical

Answer 5

1. to enhance business performance
2. to comply with legal requirements
3. to prevent or minimize harm
4. to meet the demands of business stakeholders
5. to promote personal morality

Question 6

emphasize being ethical to meet the demands of business stakeholders

Answer 6

stakeholders expect companies to show a high level of ethical performance and social responsibility, for ex, if an employee views their company as ethical, they would recommend the company as a good place to work

Question 7

emphasize being ethical to promote morality

Answer 7

most people want to act in ways that are consistent with their sense of right and wrong

Question 8

why ethical problems occur in businesses

Answer 8

1. personal gain and selfish interest
2. competitive pressure on profits
3. conflicts of interest

Question 9

emphasize personal gain and selfish interest as an ethical problem

Answer 9

sometimes businesses hire people who would put their gain ahead of others regardless of the harm it may do to other employees, the company, or society

Question 10

emphasize competitive pressure on profits as an ethical problem

Answer 10

when companies have tough competition, they engage in unethical activities to increase their profits

Question 11

stages of moral development and reasoning

Answer 11

1. punishment avoidance (ego-centered reasoning)
2. reward seeking, self-interest (ego-centered reasoning)
3. social groups, peer pressure (group-centered reasoning)
4. customs, traditions, laws (society and law-centered reasoning)
5. moral beliefs above and beyond rules (principle-centered reasoning)
6. universal principles, fairness (principle-centered reasoning)

Question 12

decision guidelines when ethical issues occur

Answer 12

1. identify and analyze the nature of an ethical problem
2. decide which course of action is likely to produce an ethical result

Question 13

four methods of ethical reasoning

Answer 13

1. utilitarianism
2. deontology
3. virtue ethics
4. ethical relativism

Question 14

what is utilitarianism

Answer 14

prioritize actions that maximise the overall happiness of the greatest number of people

Question 15

what is deontology

Answer 15

emphasize adherence to moral rules or duties, regardless of consequences

Question 16

what is virtue ethics

Answer 16

cultivating virtuous characteristics such as honesty and compassion

Question 17

what is ethical relativism

Answer 17

acknowledges that ethical principles may vary across cultures

Question 18

what are the basic human rights

Answer 18

1. life
2. safety
3. freedom
4. free speech

Question 19

what is spirituality in the workplace

Answer 19

recognition and integration of employees’ spiritual beliefs, values, and principles within the organizational context

Question 20

core elements of the code of professional conduct

Answer 20

1. responsibilities
2. the public interest
3. integrity
4. objectivity and independence
5. due care
6. scope and nature of service