Importance of Ethics and Trust in Business
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Questions and Answers

What is the term used to describe the act of using deceptive and manipulative ways to win at any cost without regard for others?

  • Dehumanization
  • Euphemistic language
  • Moral justification
  • Machiavellianism (correct)
  • What is one of the facilitators of good ethical judgment mentioned in the text?

  • Escalation of commitment
  • Reduced number of consequences
  • Thinking about integrity (correct)
  • Unconscious biases
  • Which term refers to the act of attributing blame to others as a form of moral disengagement?

  • Distorting consequences
  • Advantageous comparison
  • Displacement of responsibility (correct)
  • Diffusion of responsibility
  • What should be a routine part of many business decisions to promote ethical action?

    <p>Include ethical considerations in decision making</p> Signup and view all the answers

    What might allow individuals to engage in unethical behavior without feeling guilt according to the text?

    <p>Reduced number of consequences</p> Signup and view all the answers

    What term describes the process where individuals judge their behavior against internalized standards of good conduct?

    <p>Ethical awareness</p> Signup and view all the answers

    What is the elusive benefit of ethics mentioned in the text?

    <p>Trust</p> Signup and view all the answers

    Who cares about ethics for business and social responsibility?

    <p>Society</p> Signup and view all the answers

    What is described as one's core beliefs about what is important and how one should behave in various situations?

    <p>Values</p> Signup and view all the answers

    Which ethical approach focuses on consequences, as discussed in Week 2?

    <p>Utilitarianism</p> Signup and view all the answers

    What does the text describe as 'the best decision or action that produces the greatest net good and the least net harm for society overall'?

    <p>Consequentialist Analysis</p> Signup and view all the answers

    Which approach focuses on duties, obligations, and principles like honesty, fairness, and respect for human beings?

    <p>Deontological theories</p> Signup and view all the answers

    What factor from the research makes people more likely to be ethically aware?

    <p>Belief that peers will consider it ethical</p> Signup and view all the answers

    What type of language makes an unethical action seem less problematic?

    <p>Neutral language</p> Signup and view all the answers

    What does cognitive moral development refer to?

    <p>Perception of control over life events</p> Signup and view all the answers

    Which factor influences ethical judgment and behavior by indicating how much control an individual perceives over life events?

    <p>Locus of control</p> Signup and view all the answers

    How does using ethical language in presenting a situation affect the decision maker's ethical awareness?

    <p>Increases ethical awareness</p> Signup and view all the answers

    Study Notes

    • Individuals, employees, managers, executive leaders, industries, and society all care about ethics and its importance in business and social responsibility.
    • Trust is a crucial benefit of ethics with both economic and moral value, essential in a service economy.
    • Values serve as a core belief system that guides individuals on what is important, valued, and how to behave in various situations.
    • Ethical decision-making can be approached prescriptively or descriptively, focusing on consequences or duties and principles respectively.
    • Factors like Machiavellianism, moral disengagement, and different types of moral disengagement can influence ethical judgment and behavior.

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    Description

    Explore the significance of ethics and trust in the business world, from individual motivations to societal responsibilities. Learn about the economic and moral value of trust, as well as its essential role in a service-driven economy.

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