Module 6 Flashcards
What does Fairness and Justice require about reports?
Fairness and justice perspective requires
that accurate financial reports be provided
to all users of the reports. Many of the
news reports surrounding unethical
behavior and financial reporting is directly
connected to top executives using these
reports to give investors the idea that the
organization is in a stronger position than
exists in reality.
Can false entries be tolerated?
When a manager and other members of
the organization can benefit from false
entries and practices and other cannot
fairness and justice has been violated.
How do we become virtuous?
Becoming a virtuous person requires that
a manager act consistently in this manner
to accumulate experience.
Why is Organizational Culture important?
The organizational culture is influential on the
actions of the individuals within the
company and defining of the company’s
ethical stance.
What happens if unethical behavior is rewarded?
If the organizational culture emphasizes and rewards unethical
behavior, the manager will have a difficult
time behaving ethically even when it is their nature. In addition. the culture
describes practices or artifacts that show how an organization does things, but that
those are really ways of reading or understanding the underlying assumptions
and beliefs.
What can managers do to promote ethical behavior?
Managers can promote ethical behavior
by focusing on both the individual and
organizational levels. Leaders can use specific mechanisms to
change the organizational culture to
support ethical behavior. This is important
when ethical behavior is not supported.
What is organizational Culture?
The organizational culture defines the
company’s ethical stance.
What happens when ethics is ignored?
Decision making in business may involve
ethical considerations that. when ignored.
can ultimately harm the organization
and/or the stakeholder(s).
What happens when incentives create conflict of interests?
When incentives create a conflict of interest for
employees, there is an ethical choice that
employees have to make. This choice
requires that they choose between acting
in their own best interest or the interest of
others.
What is a balance scorecard?
The balance scorecard is one model that can affect the decision making process when the organization uses an incentive environment. A balance scorecard evaluates performance by using financial and non-financial measures.
How can managers promote ethical behavior?
Business managers can promote ethical behavior within firms by ensuring that the processes used by workers are monitored and evaluated and do not create ethical tensions within the organization.
What causes Ethical Tensions?
Ethical tensions arise when organizational agents.
as well as stated policies and procedures.
create pressures for workers to comply
with decisions that they believe are
ethically questionable.
