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PA 1st Year Ethics & Corruption Chapter 4

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Questions and Answers

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

Highest quality products at a fair price
Increased competition with no ethical means
Highest salary with secured job and better business condition
Highest return on equity (ROE) with lowest risk (correct)

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

To maintain and develop human resources as organizational assets (correct)
To reduce employee salaries and benefits
To increase competition among employees
To increase marketing efforts

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

Improved employee morale and productivity
Enhanced business reputation
Creation of legal, financial, and marketing risks (correct)
Increased competitiveness in the market

What is personal responsibility in an organizational context?

An employee's commitment to carrying out job tasks at the required level (A) Signup and view all the answers

What is a reason for paying attention to business ethics?

To avoid legal, financial, and marketing risks (B) Signup and view all the answers

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

Personal responsibility (B) Signup and view all the answers

What is social responsibility in the context of an organization?

Taking part in solving problems in the surrounding society (A) Signup and view all the answers

What do ethics suggest?

Moral principles for human behavior in certain circumstances (C) Signup and view all the answers

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 (D) Signup and view all the answers

What is the focus of business ethics?

Basic principles for accepted organizational behavior (B) Signup and view all the answers

What is an example of unethical behavior in the workplace?

Lying to a supervisor to meet schedule pressure (A) Signup and view all the answers

Who is considered a stakeholder according to the Stakeholder Theory?

Anyone affected by the organization's decisions (D) Signup and view all the answers

What is the main goal of Utilitarianism?

To achieve the greatest benefits for the greatest stakeholders (A) Signup and view all the answers

What is the main concern of the Stakeholder Theory?

Considering the impact of decisions on all stakeholders (C) Signup and view all the answers

What is the main purpose of philosophical ethics in business?

To provide a systematic answer to ethical questions (B) Signup and view all the answers

What is the result of conflicts within stakeholder groups?

Stakeholders' interests must be balanced (A) Signup and view all the answers

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

Consequences, Principles, and Personal character (D) Signup and view all the answers

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 (C) Signup and view all the answers

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