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Governance, Bus Ethic, RM, & IC > Ethics and Business > Flashcards

Ethics and Business Flashcards

1
Q

What must responsible decision making rely on?

A

The personal values and principles of the individuals involved

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2
Q

What is the concept of butterfly effect?

A

A simple flap of butterfly in Manila might cause typhoons in Singapore

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3
Q

TAASA

Ethics is NOT…

A
  • the same as feelings and emotions
  • about legality
  • about following the culturally accepted norms
  • science
  • a religion
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4
Q

FRUCV

What are the five sources of ethical standards?

A
  • Fairness or Justice
  • Rights Approach
  • Utilitarian Approach
  • Common Good Approach
  • Virtue Approach
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5
Q

Under this approach, ethical action is the one that provides the most good or does the least harm.

A

Utilitarian Approach

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6
Q

This approach deals with consequences; it tries both to increase the good done and to reduce the harm done.

A

Utilitarian Approach

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7
Q

Its ethical corporate action is the one that provides the most good and does the least harm for all who are affected.

A

Utilitarian Approach

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8
Q

Under this approach, ethical action is the one that best protects and respects the moral rights of those affected.

A

Rights Approach

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9
Q

This approach starts from the belief that humans have dignity based on their human nature per se or on their ability to choose freely what they do with their lives.

A

Rights Approach

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10
Q

This approach means that under a kind of dignity, people have a right to be treated as ends and not merely as means to other ends.

A

Rights Approach

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11
Q

What are the examples of moral rights?

A
  1. Rights to make one’s own choices about what kind of life to lead
  2. Rights to be told the truth
  3. Rights not to be injured
  4. Rights to a degree of privacy
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12
Q

What is the particular duty mentioned in the often-said rights imply duties?

A

Duty to respect others’ rights

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13
Q

This idea implies that ethical actions treat all human beings equally - or if unequally, then fairly based on some defensible standard.

A

Fairness or Justice

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14
Q

It is the notion that life in a community is good in itself, and our actions should contribute to that life.

A

Common Good Approach

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15
Q

This approach suggests that the interlocking relationships of society are the basis of ethical reasoning.

A

Common Good Approach

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16
Q

This approach suggests that the respect and compassion for all others, especially the vulnerable, are requirements of ethical reasoning.

A

Common Good Approach

17
Q

This approach calls the attention to the common conditions that are important to the welfare of everyone.

A

Common Good Approach

18
Q

What are the questions to answer when using the Common Good Approach?

A
  1. How does one benefit from society?
  2. Who benefits from one’s actions?
19
Q

It is a very ancient approach to ethics where ethical actions ought to be consistent with certain ideal virtues that provide for the full development of humanity.

A

Virtue Approach

20
Q

What enables us to act according to the highest potential of our character and values?

A

Virtues

21
Q

What are the questions asked in a Virtue Approach?

A
  1. What kind of person qill I become if I do this?
  2. Is this action consistent with my acting at my best?
22
Q

What requires a trained sensitivity to ethical issues and a practiced method for exploring the ethical aspects of a decision and weighing the considerations that should impact our choice of course of action?

A

Good ethical decisions

23
Q

What are the five steps in the framework for ethical decision making?

A
  1. Recognize an Ethical Issue
  2. Get the Facts
  3. Evaluate Alternative Actions
  4. Make a Decision and Test it
  5. Act and Reflect on the Outcome
24
Q

Which step in the framework is the following question?

Could this decision or situation be damaging to someone or to somegroup?

A

Recognize an Ethical Issue

25
Q

Which step in the framework is the following question?

Does this decision involve a choice between a good and a bad alternative?

A

Recognize an Ethical Issue

26
Q

Which step in the framework is the following question?

Is this issue about more than what is legal or what is most efficient? If so, how?

A

Recognize an Ethical Issue

27
Q

Which step in the framework is the following question?

What are the relevant facts of the case? What facts are not known? Can I learn about this situation? Do I know enough to decide?

A

Get the Facts

28
Q

Which step in the framework is the following question?

What individuals and groups have an important stake in the outcome? Are their stakes high or low? Are some concerns more important? Why?

A

Get the Facts

29
Q

Which step in the framework is the following question?

What are the options for acting? Have all the relevant persons and groups been consulted? Have I dentified creative options?

A

Get the Facts

30
Q

Which step in the framework is the following question? What approach?

Which option will produce the most good and do the least harm?

A

Evaluate Alternative Actions
* Utilitarian Approach

31
Q

Which step in the framework is the following question? Which approach?

Which option best respects the rights of all who have a stake?

A

Evaluate Alternative Actions
* Rights Approach

32
Q

Which step in the framework is the following question? Which approach?

Which option treat people equally and proportionately?

A

Evaluate Alternative Actions
* Justice Approach

33
Q

Which step in the framework is the following question? Which approach?

Which option best serves the community as a whole, not just some members?

A

Evaluate Alternative Actions
* Common Good Approach

34
Q

Which step in the framework is the following question? Which approach?

Which option leads me to act as the sort of person I want to be?

A

Evaluate Alternative Actions
* Virtue Approach

35
Q

Which step in the framework is the following question?

Considering all the approaches, which option best addresses the situation?

A

Make a Decision and Test it

36
Q

Which step in the framework is the following question?

If I told someone I respect - or told a television audience - which option I have chosen, what would they say?

A

Make a Decision and Test it

37
Q

Which step in the framework is the following question?

How can my decision be implemented with greatest care and attention to the concerns of all stakeholders?

A

Act and Reflect on the Outcome

38
Q

Which step in the framework is the following question?

How did my decision turn out, and what have I learned from this specific situation?

A

Act and Reflect on the Outcome

Governance, Bus Ethic, RM, & IC (5 decks)

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