Ethical Decision Making for Managers
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Questions and Answers

What is the main focus of ethics?

  • Determining legal requirements
  • Enforcing moral guidelines
  • Reflecting on values and principles (correct)
  • Setting minimum standards

    • How does ethics differ from law?

  • Law sets moral guidelines
  • Law governs moral behaviors
  • Ethics reflects on values and principles (correct)
  • Ethics enforces legal requirements

    • Why do ethical people or companies go beyond the law?

  • To set minimum standards
  • To avoid legal consequences
  • To exceed the minimum legal standards (correct)
  • To enforce moral guidelines

    • What is the importance of ethics for managers?

    <p>Reflecting on values and principles</p> Signup and view all the answers

    Why can't the law codify all ethical requirements?

    <p>Because law only sets minimum standards</p> Signup and view all the answers

    What is the primary focus of ethics?

    <p>To govern moral principles and values</p> Signup and view all the answers

    Why do ethical people or companies go beyond the minimum standards set by law?

    <p>To gain competitive advantage</p> Signup and view all the answers

    How does ethics differ from law?

    <p>Ethics governs moral principles, while law defines legal requirements</p> Signup and view all the answers

    What does ethics aim to answer?

    <p>What is morally right and wrong</p> Signup and view all the answers

    Why is ethical and courageous behavior an important trait for today’s managers?

    <p>To demonstrate a commitment to higher moral principles</p> Signup and view all the answers

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