Unit Seven

Question 1

Ethos

Answer 1

a Greek word meaning “character” that is used to describe the guiding beliefs or ideals that characterize an individual, community, nation, or ideology; and the balance between caution, and passion

Question 2

Justice

Answer 2

the ethical, philosophical idea that people are to be treated impartially, fairly, properly, and reasonably by the law and by arbiters of the law

Question 3

Fair

Answer 3

free from discrimination, dishonesty, etc; just; impartial. in conformity with rules or standards; legitimate

Question 4

Morals/Morality

Answer 4

a person’s standards of behavior or beliefs concerning what is and is not acceptable for them to do; principles concerning the distinction between right and wrong or good and bad behavior.

Question 5

Virtue

Answer 5

behavior showing high moral standards.

Question 6

Ethics

Answer 6

moral principles that govern a person’s behavior or the conduct of an activity.

Question 7

Bias

Answer 7

prejudice in favor of or against one thing, person, or group compared with another, usually in a way considered to be unfair.

Question 8

Equality vs Equity

Answer 8

Equality- the state of being equal, especially in status, rights, and opportunities.
Equity- the quality of being fair and impartial.

Question 9

Inclusive vs Exclusive

Answer 9

Inclusive- Invites all; not excluding any of the parties or groups involved in something.
Exclusive- restricted or limited to the person, group, or area concerned.

Question 10

Malpractice

Answer 10

improper, illegal, or negligent professional activity or treatment, especially by a medical practitioner, lawyer, or public official

Question 11

Corruption

Answer 11

dishonest or fraudulent conduct by those in power, typically involving bribery.

Question 12

Civility

Answer 12

formal politeness and courtesy in behavior or speech.

Question 13

Double Standard

Answer 13

a rule or principle which is unfairly applied in different ways to different people or groups.

Question 14

Deception

Answer 14

refers to the act—big or small, cruel or kind—of encouraging people to believe information that is not true.

Question 15

Consent

Answer 15

In agreement; allows; with permission

Question 16

Ethical: The Enron scandal is a stark example of how the absence of ethics and virtue can lead to widespread corruption and malpractice in a corporation. The company’s leadership engaged in systematic deception, hiding massive debts and inflating profits to mislead investors and regulators. This blatant disregard for morality and fairness not only led to the company’s collapse but also eroded trust in the broader financial system. The scandal underscored the importance of a strong ethical ethos in business practices, where justice and transparency should guide actions to prevent such catastrophic consequences.

Question 17

1. What was one major consequence of the Enron scandal as described in the paragraph?

Answer 17

The scandal eroded trust in the broader financial system and highlighted the need for strong ethical practices. (correct answer)
The company’s leadership was praised for their innovative business strategies.
The Enron scandal demonstrated the effectiveness of systematic deception in maintaining financial stability.
Enron’s collapse led to an increase in investor confidence and improved business practices.