Which Of The Following Statement Is True About Ethical Decision Making In Business?

by | Last updated on January 24, 2024

, , , ,

Ethical decision making should not rely on the personal values and principles of the individuals involved. Which of the following statements is true about ethical decision making in business? a. Ethical decision making is limited to the type of major corporate decisions with social consequences .

What is true about ethical decision making?

Ethical decision making should not rely on the personal values and principles of the individuals involved. Which of the following statements is true about ethical decision making in business? a. Ethical decision making is limited to the type of major corporate decisions with social consequences .

Which statement is true about the ethical decision making of leaders?

Which statement is true about the ethical decision-making of leaders? Ethical leaders must often make trade-offs regarding stakeholder demands.

Which of the following approaches to ethical decision making is based on the idea that a course of action produces the most benefits over costs for everyone affected?

The utilitarianism principle basically holds that an action is morally right if it produces the greatest good for the greatest number of people. An action is morally right if the net benefits over costs are greatest for all affected compared with the net benefits of all other possible choices.

What is ethical decision making quizlet?

that branch of philosophy dealing with values relating to human conduct, with respect to the rightness and wrongness of certain actions and to the goodness and badness of the motives and ends of such actions.

What do you mean by ethical decision making?

Ethical decision-making refers to the process of evaluating and choosing among alternatives in a manner consistent with ethical principles . In making ethical decisions, it is necessary to perceive and eliminate unethical options and select the best ethical alternative.

What are the principles of ethical decision making?

The five principles, autonomy, justice, beneficence, nonmaleficence, and fidelity are each absolute truths in and of themselves. By exploring the dilemma in regards to these principles one may come to a better understanding of the conflicting issues.

Which of the following is the first step of the ethical decision making process?

The first step in ethical decision making is to recognize that an ethical issue requires an individual or work group to choose among several actions that various stakeholders will ultimately evaluate as right or wrong.

Which of the following can cause ethical problems occur in business?

Ethical challenges occur within every business organization. ... The four major factors that can cause ethical problems in the workplace are lack of integrity, organizational relationship problems, conflicts of interest, and misleading advertising .

Which of the following is a second step in an ethical decision making process?

The second step or stage is the identification stage . There are three important things to identify in this stage: 1) who the client is; 2) the various ethical principles and interests in operation within the actual situation that is before the clinician; 3) potential options for solving the problem.

What are the four common approaches to ethical decision making?

The four approaches are: The principle approach, in which decisions are made according to a principle such as the Ten Commandments or the Golden Rule The consequence approach, in which decisions are made according to their likely outcomes The virtue/character approach, in which decisions are made according to the ...

What are the 5 ethical approaches?

  • The Utilitarian Approach. ...
  • The Rights Approach. ...
  • The Fairness or Justice Approach. ...
  • The Common-Good Approach. ...
  • The Virtue Approach. ...
  • Ethical Problem Solving.

What are the four ethical approaches?

From the earliest moments of recorded human consciousness, the ethical discipline has exhibited four fundamental “approaches” These four approaches are often called “ethical decision-making frameworks:” Utilitarian Ethics (outcome based), Deontological Ethics (duty based), Virtue Ethics (virtue based) and Communitarian ...

What approach can you take to ensure ethical decision making?

There are different ethical approaches which may help you make the most ethical decision. Utilitarian Approach – which action results in the most good and least harm? Rights Based Approach – which action respects the rights of everyone involved? Fairness or Justice Approach- which action treats people fairly?

How do utilitarians make moral decisions?

Utilitarianism is an ethical theory that determines right from wrong by focusing on outcomes. It is a form of consequentialism. Utilitarianism holds that the most ethical choice is the one that will produce the greatest good for the greatest number .

Why are data falsification and fabrication problematic?

Confidential research collects participants’ names but separates them from the data; anonymous research does not collect participants’ names. ... In addition to being an ethical violation, why are data falsification and fabrication problematic? Because they impede scientific progress.

Emily Lee
Author
Emily Lee
Emily Lee is a freelance writer and artist based in New York City. She’s an accomplished writer with a deep passion for the arts, and brings a unique perspective to the world of entertainment. Emily has written about art, entertainment, and pop culture.