Podcast
Questions and Answers
What is the primary reason companies engage in "cooking the books" in accounting fraud?
What is the primary reason companies engage in "cooking the books" in accounting fraud?
In the context of the Enron scandal, what did the company do to create a deceptive financial picture?
In the context of the Enron scandal, what did the company do to create a deceptive financial picture?
Which of the following individuals or entities were directly impacted by Enron's fraudulent actions?
Which of the following individuals or entities were directly impacted by Enron's fraudulent actions?
In the Volkswagen scandal, what was the primary ethical violation committed by the company?
In the Volkswagen scandal, what was the primary ethical violation committed by the company?
Signup and view all the answers
Which of the following questions raised by the Volkswagen scandal reflects a complex ethical dilemma?
Which of the following questions raised by the Volkswagen scandal reflects a complex ethical dilemma?
Signup and view all the answers
What is the defining characteristic of a conflict of interest in a business setting?
What is the defining characteristic of a conflict of interest in a business setting?
Signup and view all the answers
Which of the following is a potential consequence of a conflict of interest in a business?
Which of the following is a potential consequence of a conflict of interest in a business?
Signup and view all the answers
Why is it important to address conflicts of interest in a business setting?
Why is it important to address conflicts of interest in a business setting?
Signup and view all the answers
Which of the following actions would be considered a conflict of interest for Alice in her role as business manager?
Which of the following actions would be considered a conflict of interest for Alice in her role as business manager?
Signup and view all the answers
What is the main ethical issue that Alice faces in this case study?
What is the main ethical issue that Alice faces in this case study?
Signup and view all the answers
What does the term 'conflict of interest' essentially mean?
What does the term 'conflict of interest' essentially mean?
Signup and view all the answers
What is the best way to address the concerns raised by staff and students regarding the cleanliness of the school?
What is the best way to address the concerns raised by staff and students regarding the cleanliness of the school?
Signup and view all the answers
Based on the case study, what action would NOT be considered transparent by Alice?
Based on the case study, what action would NOT be considered transparent by Alice?
Signup and view all the answers
Which of the following situations DOES NOT represent a conflict of interest?
Which of the following situations DOES NOT represent a conflict of interest?
Signup and view all the answers
Which element is crucial for Alice to avoid a conflict of interest?
Which element is crucial for Alice to avoid a conflict of interest?
Signup and view all the answers
What could be a potential consequence of Alice choosing to award the contract to Daniel's father's company despite the concerns about the cleaning quality?
What could be a potential consequence of Alice choosing to award the contract to Daniel's father's company despite the concerns about the cleaning quality?
Signup and view all the answers
What is an example of misuse of company time?
What is an example of misuse of company time?
Signup and view all the answers
Which of the following is NOT considered a form of intellectual property?
Which of the following is NOT considered a form of intellectual property?
Signup and view all the answers
What is an example of infringing intellectual property?
What is an example of infringing intellectual property?
Signup and view all the answers
Why is it considered unethical for employees to use company time for personal purposes?
Why is it considered unethical for employees to use company time for personal purposes?
Signup and view all the answers
What is an example of 'time clock theft'?
What is an example of 'time clock theft'?
Signup and view all the answers
Which of the following scenarios describes a violation of intellectual property rights?
Which of the following scenarios describes a violation of intellectual property rights?
Signup and view all the answers
What is the main ethical concern related to using company resources for personal use?
What is the main ethical concern related to using company resources for personal use?
Signup and view all the answers
What is the difference between copyright and trademark?
What is the difference between copyright and trademark?
Signup and view all the answers
What is a potential problem with the principal not mentioning his daughter's potential candidacy for the education support officer role?
What is a potential problem with the principal not mentioning his daughter's potential candidacy for the education support officer role?
Signup and view all the answers
Which statement best describes the ethical problem with tax evasion?
Which statement best describes the ethical problem with tax evasion?
Signup and view all the answers
What is the Latin root word for 'responsibility'?
What is the Latin root word for 'responsibility'?
Signup and view all the answers
What are the two main assumptions of the concept of responsibility?
What are the two main assumptions of the concept of responsibility?
Signup and view all the answers
What is the key difference between tax evasion and tax avoidance?
What is the key difference between tax evasion and tax avoidance?
Signup and view all the answers
According to Koehn, how is responsibility understood in the Anglo-American culture?
According to Koehn, how is responsibility understood in the Anglo-American culture?
Signup and view all the answers
Which of the following is NOT a potential ethical concern related to tax avoidance?
Which of the following is NOT a potential ethical concern related to tax avoidance?
Signup and view all the answers
Which of the following is an example of responsibility understood as duty fulfillment?
Which of the following is an example of responsibility understood as duty fulfillment?
Signup and view all the answers
What is the main ethical concern related to the principal's actions in the case study?
What is the main ethical concern related to the principal's actions in the case study?
Signup and view all the answers
How is responsibility understood in the context of criminal law?
How is responsibility understood in the context of criminal law?
Signup and view all the answers
Which of the following statements accurately describes tax evasion?
Which of the following statements accurately describes tax evasion?
Signup and view all the answers
Which of the following is NOT an example of responsibility understood as intentional agency?
Which of the following is NOT an example of responsibility understood as intentional agency?
Signup and view all the answers
What is the purpose of disclosing a conflict of interest in the case study?
What is the purpose of disclosing a conflict of interest in the case study?
Signup and view all the answers
What is the main point of the text?
What is the main point of the text?
Signup and view all the answers
Why is it important for companies to be ethically responsible when it comes to taxes?
Why is it important for companies to be ethically responsible when it comes to taxes?
Signup and view all the answers
What is the main influence on the understanding of responsibility in Anglo-American culture?
What is the main influence on the understanding of responsibility in Anglo-American culture?
Signup and view all the answers
Which type of ignorance is considered morally the worst?
Which type of ignorance is considered morally the worst?
Signup and view all the answers
What is the defining characteristic of surmountable ignorance?
What is the defining characteristic of surmountable ignorance?
Signup and view all the answers
In which type of ignorance are actions not considered the responsibility of the agent?
In which type of ignorance are actions not considered the responsibility of the agent?
Signup and view all the answers
Which of the following is an example of surmountable ignorance?
Which of the following is an example of surmountable ignorance?
Signup and view all the answers
What does the text state about the responsibility of an individual who unknowingly supports a company's deceptive practices?
What does the text state about the responsibility of an individual who unknowingly supports a company's deceptive practices?
Signup and view all the answers
Which of the following is NOT mentioned as a factor that influences moral responsibility?
Which of the following is NOT mentioned as a factor that influences moral responsibility?
Signup and view all the answers
What is the central argument presented in the text regarding the relationship between knowledge and moral responsibility?
What is the central argument presented in the text regarding the relationship between knowledge and moral responsibility?
Signup and view all the answers
What is the main implication of a lack of consent in relation to performing an action?
What is the main implication of a lack of consent in relation to performing an action?
Signup and view all the answers
Flashcards
Misappropriation of resources
Misappropriation of resources
Unauthorized use of company resources like money or supplies.
Misuse of company time
Misuse of company time
Using paid work hours for personal activities rather than job duties.
Internet surfing during work
Internet surfing during work
Browsing personal websites instead of focusing on job tasks.
Excessive breaks
Excessive breaks
Signup and view all the flashcards
Time clock theft
Time clock theft
Signup and view all the flashcards
Intellectual property
Intellectual property
Signup and view all the flashcards
Infringing intellectual property
Infringing intellectual property
Signup and view all the flashcards
Counterfeiting
Counterfeiting
Signup and view all the flashcards
Responsibility
Responsibility
Signup and view all the flashcards
Origin of Responsibility
Origin of Responsibility
Signup and view all the flashcards
Assumptions of Responsibility
Assumptions of Responsibility
Signup and view all the flashcards
Duty Fulfilment
Duty Fulfilment
Signup and view all the flashcards
Intentional Agency
Intentional Agency
Signup and view all the flashcards
Daryl Koehn's Analysis
Daryl Koehn's Analysis
Signup and view all the flashcards
Influences on Responsibility
Influences on Responsibility
Signup and view all the flashcards
Causal Responsibility
Causal Responsibility
Signup and view all the flashcards
Fraud
Fraud
Signup and view all the flashcards
Accounting Fraud
Accounting Fraud
Signup and view all the flashcards
Enron Scandal
Enron Scandal
Signup and view all the flashcards
Volkswagen Scandal
Volkswagen Scandal
Signup and view all the flashcards
Corporate Responsibility
Corporate Responsibility
Signup and view all the flashcards
Conflicts of Interest
Conflicts of Interest
Signup and view all the flashcards
Stakeholders
Stakeholders
Signup and view all the flashcards
Ethical Issues in Business
Ethical Issues in Business
Signup and view all the flashcards
Moral Responsibility
Moral Responsibility
Signup and view all the flashcards
Ignorance
Ignorance
Signup and view all the flashcards
Invincible Ignorance
Invincible Ignorance
Signup and view all the flashcards
Surmountable Ignorance
Surmountable Ignorance
Signup and view all the flashcards
Intentional Ignorance
Intentional Ignorance
Signup and view all the flashcards
Lack of Consent
Lack of Consent
Signup and view all the flashcards
Knowledge's Impact on Responsibility
Knowledge's Impact on Responsibility
Signup and view all the flashcards
Consent's Role in Ethics
Consent's Role in Ethics
Signup and view all the flashcards
Conflict of Interest (COI)
Conflict of Interest (COI)
Signup and view all the flashcards
Disclosure Timing
Disclosure Timing
Signup and view all the flashcards
Tax Evasion
Tax Evasion
Signup and view all the flashcards
Tax Avoidance
Tax Avoidance
Signup and view all the flashcards
Ethical Aspects of Tax
Ethical Aspects of Tax
Signup and view all the flashcards
Education Support Officer
Education Support Officer
Signup and view all the flashcards
Selection Panel
Selection Panel
Signup and view all the flashcards
Leadership Team
Leadership Team
Signup and view all the flashcards
Internal Standards
Internal Standards
Signup and view all the flashcards
Transparency in Business
Transparency in Business
Signup and view all the flashcards
Hiring Process Standards
Hiring Process Standards
Signup and view all the flashcards
Vendor Selection Criteria
Vendor Selection Criteria
Signup and view all the flashcards
Personal Associations in Business
Personal Associations in Business
Signup and view all the flashcards
Contract Renewal Review
Contract Renewal Review
Signup and view all the flashcards
Professional Responsibilities
Professional Responsibilities
Signup and view all the flashcards
Study Notes
Chapter 3: Individual Ethics in Business
- Introduces responsibility and ethical issues in business
- Covers the meaning of responsibility in business
- Discusses the actions individuals can take within organizations
- Explores ethical issues that can arise in business
3.1 What Makes a Dilemma? A Case Study
- Examines dilemmas faced by business professionals
- Discusses how alternative choices can lead to difficult decisions
- Highlights a case study of Sam, an accounting employee
- Sam finds out her supervisor Sarah was fired unfairly
- Sam overhears a conversation suggesting Sarah was unaware
- She must decide whether to take action given the situation
3.1.1 Sam's Dilemma
- Sam, a new hire, learns of Sarah's unjust dismissal
- Sarah, a supervisor, was fired for falsifying financial statements
- Sam has no prior relationship or communication with Sarah
- Sam overheard a conversation where John, Sarah's boss, was the one who gave Sarah the data to falsify
3.1.2 Your thoughts
- If you were Sam, what would you do?
3.2 What is Responsibility in Business?
- Responsibility's roots trace back to the Latin word 'respondere' (to respond)
- Responsibility aligns with freedom of action and accountability for actions, stemming from intentions.
- Responsibility is determined by intentions, not just performance
- Examines duty fulfilment alongside intentional agency as concepts of responsibility
3.2.1 Where does the Concept of Responsibility Come From?
- Professor Daryl Koehn (2019) reviews responsibility within the Fourth Industrial Revolution
- Analyzes responsibility within Anglo-American culture, influenced by philosophy and legal traditions.
- Responsibility encompasses duty fulfilment & causal, intentional agency
- Responsibility encompasses company obligations to shareholders and other agents
3.3 Modifiers of Responsibility
- Responsibility depends on several factors
- Invincible ignorance: Action performed by unpreventable unawareness
- Surmountable ignorance: Actions that could be corrected with more effort, but aren't
- Intentional ignorance: A purposeful choice to remain ignorant despite available knowledge
- Lack of consent: Actions performed under coercion or influence such as mental illness, physical coercion, psychological coercion, or intellectual fear
3.3.1 Lack of Full Knowledge
- Examines various types of ignorance
- Outlines invincible ignorance, surmountable ignorance, and intentional ignorance
- Discusses when ignorance excuses actions
3.3.2 Lack of Full Consent
- Highlights cases where actions lack full consent.
- Explains factors that influence consent such as mental illness, physical coercion, and strong emotions.
3.4 Actions and Responsibility
- Classification of actions based on different categories.
- Outlines the classification of actions as actions, omissions, induction, and cooperation
- Illustrates how actions are transformative interventions with consequences.
3.4.1 Reflect
- Examining the ethical implications of situations involving cooperation
3.5 Responsibility in Action: Milgram's Experiment
- Explains the Milgram Experiment as a classic example illustrating responsibility.
- Explains how obedience to authority can influence responsibility
3.6 The Person in the Business Organization
- Discusses ethical issues arising from business activities.
- Examines small/large amounts of money/ resources, and personal interests
- Explores issues like using company resources for personal use, and how actions can have consequences
3.7 Ethical Issues in Business
- Identifies frequent ethical issues in business
- Examines misappropriation, misuse of company resources, misuse of company time, intellectual property issues, conflicts of interest, fraud, tax evasion/avoidance
3.7.1 Misappropriation
- Misappropriation describes taking something without permission
- Discusses misuse of company resources, time, and intellectual property
- Explains examples of misuse through case studies or examples
3.7.2 Fraud
- Fraud is intentional deception for personal gain
- Highlights how trust can be broken in business environments
- Examines examples like Enron and Volkswagen scandals to illustrate fraud
3.7.3 Conflicts of Interest
- Defining the issue of conflicts of interest in business interactions
- Discusses the ethical concerns surrounding familial or personal relationships in work environments
3.7.3.1 Case Study 1: Managing a Personal Association with a School Contractor
- Alice, a school business manager, faces a conflict of interest when her daughter's father's cleaning company is contracted with the school
- Examines the ethical dilemma of maintaining transparency and avoiding bias
3.7.3.2 Case Study 2: Employment of a Family Member
- A principal hires their daughter for an education support officer position
- Examines the ethical considerations related to family member employment, highlighting potential conflicts of interest and questionable timing
3.7.4 Tax Evasion and Tax Avoidance
- Tax evasion is defined as intentionally avoiding tax payments
- Tax avoidance involves conforming to the law while minimizing tax payments
- Discusses the ethical considerations surrounding tax evasion and avoidance practices
3.8 Review of Chapter 3
- Summarizes the chapter's key concepts of responsibility in business
- Outlines how to define business responsibility, list the actions individuals can take, and describe ethical misbehaviour
Studying That Suits You
Use AI to generate personalized quizzes and flashcards to suit your learning preferences.
Related Documents
Description
This quiz focuses on Chapter 3, which delves into individual ethics in business, highlighting the importance of responsibility and ethical dilemmas faced by professionals. It features a notable case study involving Sam and Sarah, shedding light on the tough decisions one must make in the workplace. Test your understanding of ethical issues and responsibility in business contexts.