Values
are positive abstractions that capture one’s sense of what is good and desirable.
Which of the following ethical guidelines would we be using if we consider what the world would be like if a decision is copied by everyone else?
If we consider what the world would be like if a decision is copied by everyone else, we would be using which of the following ethical guidelines?
Environmental Concerns
.
What are positive abstractions?
Positive abstractions that
capture our sense of what is good and desirable
.
What is the basic unit of business ethics known as when we think about the ultimate purpose for why we make decisions in a business?
When we think about the ultimate reason or purpose for why we make decisions in a business firm, we turn to the basic unit of business ethics—
values
. Values are positive abstractions that capture our sense of what is good or desirable. They are ideas that underlie conversations about business ethics.
When making the decision as to whether to move the plant to Honduras Which of the following would be a relevant stakeholder or stakeholders?
When making the decision as to whether to move the plant to Honduras, which of the following would be a relevant stakeholder or stakeholders?
All of the listed entities would be relevant stakeholders
.
Are values positive abstractions?
Values are positive abstractions that
capture one’s sense of what is good and desirable
. A business decision can be legal but unethical.
Why does an individual use the process of ethical decision making?
Ethical decisions
generate and sustain trust; demonstrate respect, responsibility, fairness and caring
; and are consistent with good citizenship. These behaviors provide a foundation for making better decisions by setting the ground rules for our behavior.
What is the minimum standard a business can use to be ethical?
responsibilities of the firm
is the minimal standard that must be met for the firm to be an ethical business.
Does Business Ethics results in a set of correct decisions?
Business ethics results in a set of
correct decisions
and does not simply refer to standards of business conduct. … Business ethics refers to standards of business conduct but does not result in a set of correct decisions.
Which of the following is positive about arbitration?
Arbitration is
less expensive generally than litigation
. … Arbitrators are assigned so parties do not have to pick them, arbitration is generally less expensive than litigation, and arbitrators are bound by the same rules as judges in applying precedent.
Is utilitarianism good or bad?
Utilitarianism promotes “
the greatest amount of good for the greatest number of people
.” When used in a sociopolitical construct, utilitarian ethics aims for the betterment of society as a whole. Utilitarianism is a reason-based approach to determining right and wrong, but it has limitations.
What is a good example of utilitarianism?
When individuals are deciding what to do for themselves alone, they consider only their own utility. For example, if you are choosing
ice cream for yourself
, the utilitarian view is that you should choose the flavor that will give you the most pleasure.
Is utilitarianism used today?
Over the years, the principle of utilitarianism has been expanded and refined so that today there are many variations of the principle. … Today utilitarians
often describe benefits and harms in terms of the satisfaction of personal preferences
or in purely economic terms of monetary benefits over monetary costs.
Which business activities can lead to potential legal conflicts?
Which business activities can lead to potential legal conflicts?
Finance capital growth
, comply with government rules, and hire and develop employees can all lead to potential legal conflicts.
What is the WH framework?
Building Your Ethical Framework. … An ethical framework is
a set of questions that managers can use to get beyond their initial moral intuitions and clarify the relevant features
of the case. The questions in a framework may force one to think about the issues from other perspectives or to look at rules that may apply.
What is WPH framework?
WPH process of
ethical decision
making. three-step approach that offers future business managers ethical guidelines that provide a dependable stimulus to ethical reasoning in business context. Who. stakeholders- consumers, investors, employees, etc.
