PA 1st Year Ethics & Corruption Chapter 4

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18 Questions

What is the primary desire of stockholders according to the stakeholder map?

Highest return on equity (ROE) with lowest risk

Why is it important to adopt ethical values in human resource management?

To maintain and develop human resources as organizational assets

What is the consequence of an unethical decision on a business?

Creation of legal, financial, and marketing risks

What is personal responsibility in an organizational context?

An employee's commitment to carrying out job tasks at the required level

What is a reason for paying attention to business ethics?

To avoid legal, financial, and marketing risks

What is a type of responsibility that involves an individual's commitment to carrying out job tasks?

Personal responsibility

What is social responsibility in the context of an organization?

Taking part in solving problems in the surrounding society

What do ethics suggest?

Moral principles for human behavior in certain circumstances

What is the difference between legal and ethical responsibilities?

Legal responsibilities provide a guide to ethical decision making, but they are not always the same

What is the focus of business ethics?

Basic principles for accepted organizational behavior

What is an example of unethical behavior in the workplace?

Lying to a supervisor to meet schedule pressure

Who is considered a stakeholder according to the Stakeholder Theory?

Anyone affected by the organization's decisions

What is the main goal of Utilitarianism?

To achieve the greatest benefits for the greatest stakeholders

What is the main concern of the Stakeholder Theory?

Considering the impact of decisions on all stakeholders

What is the main purpose of philosophical ethics in business?

To provide a systematic answer to ethical questions

What is the result of conflicts within stakeholder groups?

Stakeholders' interests must be balanced

What are the three main perspectives that guide ethical judgment in philosophical ethics?

Consequences, Principles, and Personal character

What is the relationship between ethics officers and compliance with legal issues?

Ethics officers focus on ethical decision making, but also deal with compliance with legal issues

Test your knowledge of ethics and corruption in the public sector, covering moral principles, business ethics, and accepted behavior in organizations.

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