Lesson 3

Question 1

Refers to the level of even-handedness in dispensing justice whereby claims are recognized in the order of their legal and contractual priority.

ability to make
judgements that are not overly general but that are concrete and specific to a particular case

Answer 1

Fairness

Question 2

means giving each person what he or she deserves or, in more
traditional terms, giving each person his or her due.

usually has been used with reference to a standard of rightness

Answer 2

Justice

Question 3

Kinds of Justice

Answer 3

Distributive Justice
Retributive/Correctness Justice
Compensatory Justice

Question 4

refers to the extent to which society’s institutions ensure that benefits and burdens are distributed among society’s members in ways that are fair and just.

Answer 4

Distributive Justice

Question 5

refers to the extent to which
punishments are fair and just.

Answer 5

Retributive/Correctness Justice

Question 6

refers to the extent to which people are fairly compensated for their injuries by those who have injured them, just compensation is proportional to the loss inflicted on a person.

Answer 6

Compensatory Justice

Question 7

Is the obligation of an individual or organization to account for its
activities accept responsibility for them, and disclosure the results in a transparent manner

is a management control process in
which responses are given for a person’s actions.

Answer 7

Accountability

Question 8

refers to the act of being accountable to the stakeholders of an organization, which may include shareholders, employees, suppliers, customers, the local community, and even the particular country that the firm operates in.

Answer 8

Corporate Accountability

Question 9

Refers to the lack of hidden agendas and conditions accompanied
by the availability of full information required for collaboration,
cooperation, and collective decision-making’

It is a the minimum degree of disclosure to which agreements,
dealings, practices, and transactions are open to all for verification

Answer 9

Transparency

Question 10

describes the extent to which a
corporation’s actions are observable by outsiders.

Answer 10

Corporate Transparency

Question 11

A person employed to manage another’s
property.

Is an ethic that embodies the responsible
planning and management of resources.

Answer 11

Stewardship

Question 12

is a global company with over 88,000 employees that produces innovative technologies to change the world for the better.

Answer 12

3M