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?

    <p>An employee's commitment to carrying out job tasks at the required level</p> Signup and view all the answers

    What is a reason for paying attention to business ethics?

    <p>To avoid legal, financial, and marketing risks</p> Signup and view all the answers

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

    <p>Personal responsibility</p> Signup and view all the answers

    What is social responsibility in the context of an organization?

    <p>Taking part in solving problems in the surrounding society</p> Signup and view all the answers

    What do ethics suggest?

    <p>Moral principles for human behavior in certain circumstances</p> Signup and view all the answers

    What is the difference between legal and ethical responsibilities?

    <p>Legal responsibilities provide a guide to ethical decision making, but they are not always the same</p> Signup and view all the answers

    What is the focus of business ethics?

    <p>Basic principles for accepted organizational behavior</p> Signup and view all the answers

    What is an example of unethical behavior in the workplace?

    <p>Lying to a supervisor to meet schedule pressure</p> Signup and view all the answers

    Who is considered a stakeholder according to the Stakeholder Theory?

    <p>Anyone affected by the organization's decisions</p> Signup and view all the answers

    What is the main goal of Utilitarianism?

    <p>To achieve the greatest benefits for the greatest stakeholders</p> Signup and view all the answers

    What is the main concern of the Stakeholder Theory?

    <p>Considering the impact of decisions on all stakeholders</p> Signup and view all the answers

    What is the main purpose of philosophical ethics in business?

    <p>To provide a systematic answer to ethical questions</p> Signup and view all the answers

    What is the result of conflicts within stakeholder groups?

    <p>Stakeholders' interests must be balanced</p> Signup and view all the answers

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

    <p>Consequences, Principles, and Personal character</p> Signup and view all the answers

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

    <p>Ethics officers focus on ethical decision making, but also deal with compliance with legal issues</p> Signup and view all the answers

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