Ethics

Question 1

Normative ethics

Answer 1

Classifying actions as right or wrong , attempting to develop et of rules governing human conduct or a set of norms for actions

Question 2

Business ethics

Answer 2

Applied or professional ethics that examines ethical principles and moral or ethical problems that arise in business environment

Question 3

Business ethics applies o what aspects of business

Answer 3

Of business conducts and is relevant to conduct of individuals not entire organizations

Question 4

Discipline of business ethics (3 things)

Answer 4

Personal professional corporate

Question 5

3 categories of ethical nature of business

Answer 5

Legitimate business criminal enterprise those who operate in gray areas between the two

Question 6

Examples of harmful ramifications

Answer 6

Damaged health, client hassles, legal actions, undesirable reputation with local community

Question 7

Ethics

Answer 7

Branch of philosophy concerned with meaning of all aspects of human behavior

Question 8

What are unethical activities

Answer 8

Standards of the industry in all business categories that mitigate the ethicality of the sales tactic…. Whether it is professional or unprofessional

Question 9

International issues

Answer 9

Emerged in late 1990s
New practical issues arose and, theoretical issues such as cultural relativity and ethical values receive more emphasis in this field

Question 10

Business ethics

Answer 10

The branch of ethics that carries the question of moral right and wrong rising in the context of business practice or theory

Question 11

Unethical

Answer 11

Not morally approvable; morally bad

Taking personal phone call or saying check is in male when it isn’t

Question 12

Business ethics deals with what qualities

Answer 12

Human qualities of a business person not angelic qualities

Question 13

Ethics for a business person is not about some

Answer 13

Philosophical idea of the mind , but trying to maintain a balance between making a profit and reaching ethical standards

Question 14

Why is it difficult to be ethical

Answer 14

Pressure for co workers managers r general business culture

Question 15

Organizational ethics

Answer 15

How an organization ethically responds to internal or external stimulus

Question 16

What does organizational ethics express to its employees and other entities

Answer 16

Values of an organization irrespective of govt. and regulatory laws

Question 17

Ethical issues in finance

Answer 17

Overlooked because addresses as law not ethics

Soreness in trading practices, trading conditions, sales practices

Question 18

Issues HR deals with

Answer 18

Discrimination in age, sexual orientation, gender, race, disability, weight attractiveness

Question 19

Ethical issues in sales and marketing

Answer 19

Deals with principals values by which marketing institutions and marketers must act
Such as: dangerous products, environmental risks, health risks

Question 20

Marketing ethics involve

Answer 20

Pricing practices, including illegal actions such as price fixing me legal actions including price discrimination and price skimming

Question 21

Ethics and fairness

Answer 21

Close but not identical

Question 22

Types of organizational justice

Answer 22

Distributive, procedural, interactional

Question 23

Distributive

Answer 23

Fairness associated with decision outcomes and distribution of resources

Question 24

Procedural power

Answer 24

Fairness of processes that lead to outcomes

Question 25

Interactional justice

Answer 25

Treatment that an individual receives as decisions are made and can be promoted by providing explanations for decisions and delivering news

Question 26

What can interactional be broken down into

Answer 26

Interpersonal and informational
Perceptions of respect and propriety in ones treatment
Adequacy of explanations in terms of timeliness, specificity, truthfulness

Question 27

Conflict of interest

Answer 27

Occurs when individual or org. Is involved n multiple interests me of which could possibly corrupt motivation for an act in the other

Question 28

Types of conflicts of interest

Answer 28

Self dealing: official is on both sides of the deal
Outside employment: interest of one job contradict the other
Family interests: spouse, child close relative employed, abuse is called nepotism
Gifts from friends who do business with person receiving the gifts
Pump and dump: where fraudster buys stock cheaply. Generates artificial excitement for temp. Price increase , then sells stock before price falls

Question 29

Issues in production

Answer 29

Pollution and habitat destruction