Podcast
Questions and Answers
What role does an ethics ombudsman serve in an organization?
What role does an ethics ombudsman serve in an organization?
- To handle human resources complaints unrelated to ethics.
- To oversee ethical practices and procedures within the organization. (correct)
- To provide legal advice to management.
- To ensure profitability and monitor market trends.
Which of the following is a form of sexual harassment characterized by creating an uncomfortable work environment?
Which of the following is a form of sexual harassment characterized by creating an uncomfortable work environment?
- Hostile Work Environment (correct)
- Informed Consent
- Enforced Compliance
- Quid Pro Quo
What is one argument against social responsibility in business?
What is one argument against social responsibility in business?
- It can improve long-term financial performance.
- It encourages corporate donations to charitable causes.
- It should not exceed mandated legal requirements. (correct)
- It fosters goodwill among consumers.
How can managers create an ethical organizational culture?
How can managers create an ethical organizational culture?
What does 'diversity' encompass in a workforce?
What does 'diversity' encompass in a workforce?
What is the first step in addressing sexual harassment in an organization?
What is the first step in addressing sexual harassment in an organization?
Which of the following statements reflects a positive argument for social responsibility?
Which of the following statements reflects a positive argument for social responsibility?
What often causes individuals to engage in unethical behavior within organizations?
What often causes individuals to engage in unethical behavior within organizations?
What is an ethical dilemma primarily characterized by?
What is an ethical dilemma primarily characterized by?
Who are considered stakeholders in a company?
Who are considered stakeholders in a company?
Which ethical rule focuses on the greatest good for the greatest number?
Which ethical rule focuses on the greatest good for the greatest number?
What does the Justice Rule emphasize when making an ethical decision?
What does the Justice Rule emphasize when making an ethical decision?
What is a key reason why managers should behave ethically?
What is a key reason why managers should behave ethically?
Which of the following questions is part of the Practical Decision Model?
Which of the following questions is part of the Practical Decision Model?
What outcome can result from the relentless pursuit of self-interest in a business setting?
What outcome can result from the relentless pursuit of self-interest in a business setting?
Which ethical rule would make someone hesitant to share a decision with the public?
Which ethical rule would make someone hesitant to share a decision with the public?
Flashcards
Ethical Dilemma
Ethical Dilemma
A situation where an individual must choose between acting in their self-interest or acting to help others, even if it goes against their own interests.
Ethics
Ethics
The fundamental principles, values, and beliefs that guide an individual's behavior and determine what they consider right or wrong.
Stakeholders
Stakeholders
Individuals or groups who have a stake in a company's success and are affected by its actions.
Stockholders
Stockholders
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Moral Rights Rule
Moral Rights Rule
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Utilitarian Rule
Utilitarian Rule
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Justice Rule
Justice Rule
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Practical Rule
Practical Rule
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Ethical Blindness
Ethical Blindness
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Rationalization
Rationalization
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Ethical Organizational Culture
Ethical Organizational Culture
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Ethics Ombudsman
Ethics Ombudsman
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Diversity
Diversity
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Quid Pro Quo Harassment
Quid Pro Quo Harassment
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Hostile Work Environment
Hostile Work Environment
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Social Responsibility
Social Responsibility
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Study Notes
Ethics and Ethical Dilemmas
- Ethics are guiding principles, values, and beliefs used to determine proper behavior.
- Ethical dilemmas arise when choices must be made that help others but conflict with personal gain.
Stakeholders and Stockholders
- Stakeholders are individuals or groups with a stake in a company.
- Stockholders are owners of company stock and expect ethical management.
Stakeholders and Ethics
- Stakeholders are impacted by organizational actions and care about ethical practices.
- Managers often balance competing stakeholder interests.
Four Ethical Rules
- Moral Rights Rule: Decisions should protect fundamental rights.
- Utilitarian Rule: Decisions should maximize overall good.
- Justice Rule: Decisions should distribute benefits and harms fairly.
- Practical Rule: Decisions should be communicable and acceptable to the public.
Practical Decision Model
- Decisions should align with current business standards.
- Decisions should be communicable to all stakeholders.
- Decisions should be personally acceptable.
Why Managers Should Behave Ethically
- Ethical behavior fosters trust and reputation.
- Unethical behavior can lead to collective disaster when it becomes widespread.
Why Managers Might Behave Unethically
- Prioritizing personal interests over stakeholders.
- Considering harm to stakeholders insignificant.
- Feeling pressured by circumstances.
Ethical Organizational Cultures
- Organizations can promote ethical values and norms.
- Managers are ethical role models observed by subordinates.
- Ethics ombudsmen monitor ethical practices.
Diversity in the Workforce and Environment
- Diversity encompasses various differences amongst people, including age, gender, race, ethnicity, religion, background, experience, and capabilities.
Forms of Sexual Harassment
- Quid Pro Quo: Trading favors for advantages or avoiding consequences.
- Hostile Work Environment: Creating an unpleasant workplace through unwelcome sexual behavior.
Steps to Eradicate Sexual Harassment
- Establish and communicate a clear policy.
- Implement fair complaint procedures.
- Promptly address any incidents that occur.
- Provide comprehensive training on sexual harassment.
Social Responsibility
- Social responsibility involves incorporating societal well-being into business decision-making.
- Decisions should prioritize the general welfare of society.
Arguments For Social Responsibility
- Ethical behavior is essential.
- Businesses should contribute to society.
- Social responsibility can boost financial performance.
- Ignoring social responsibility can invite opposition.
Arguments Against Social Responsibility
- Businesses should only focus on profit maximization.
- Social issues are not management's concern.
- Shareholders can decide on social investments directly.
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Description
Explore the fundamental concepts of ethics and ethical dilemmas in the business context. This quiz covers key principles, stakeholder impacts, and ethical decision-making rules that influence organizational behavior. Test your understanding of how ethics guides business practices!
