K Chapter 9 Business Ethics

Question 1

Ethics

Answer 1

Moral Principles applied to Human Behaviour

Question 2

Business Ethics

Answer 2

Ethics in Business. WOW!! I DID NOT KNOW THAT!!!

Question 3

Lowest Level in Business Ethics

Answer 3

Moral Minimum. AKA Don’t Break the Law

hmmm also short ppl

Question 4

Short Run Profit Maximization

Answer 4

Things in short run tend to be more focused on the here and now (present) and not on the long-term impact of conduct, Increases business ethics

Question 5

Long Run Profit Maximization

Answer 5

Things in the long run tend to be more focused on what is done now and decreases business ethics

Question 6

Corporate Leadership

Answer 6

1. Zero Tolerance for unethical behavior and/or conduct
2. The effort to create ethical codes of conduct
3. Training in ethical conduct such as workshops, seminars, role plays(lmfao spicy), etc
4. Sarbanes-Oxley type anonymouse reporting

Question 7

Sarbanes-Oxley Act

Answer 7

Fat boss needs to sign on important work documents and cant say “whoops didnt see him selling bad investment advice, my bad bro, wont happen next time lol”

Question 8

Ethical Reasoning based on Duty

Answer 8

Religious Ethical standards

Question 9

Kant Categorical Imperative

Answer 9

What if all did that in case. Would you want to be treated the same way you treat others?

yeah lmao yup idc

Question 10

Principle of Rights

Answer 10

How affect other right? (wow vry gud gramer)

Basically, whoever right is higher, wins.

Question 11

Ethical Reasoning based on Outcome

Answer 11

Utilitarianism (Bentham)

Cost/Benefit: Negative vs Positive

Question 12

Utilitarianism

Answer 12

Most good for most people

what if every1 is dumb, how u good everyone??

Question 13

Corporate Social Responsibility

Answer 13

Corp has a duty to be a good citizen and create an ethical environment to enforcing ethical business conduct

Basically, be a good sheep.