MBA 624 Quiz 3

"Loopholism" is one way to err in making ethical decisions. Loopholism basically means:

Getting around the law by legal and moral technicalities

Each business will face different ethical problems. All of the following are helpful steps to take to prepare your organization for those problems, EXCEPT:

Have a committee meeting to discuss problems.

Perhaps the most important principle to guide you when gathering information about a problem is:

Make sure you hear from all sides on an ethical matter before passing judgment.

What can we call the balance between erring on the side of legalism or antinomianism in solving and implementing the solution to an ethical problem?

Razor's edge

Based on class material, what is the first step in ethical decision-making?

Realize that an ethical standard has been violated.

All of the following are potential steps for solving ethical problems, EXCEPT:

Set up a committee to discuss the matter.

Exposing an employer's wrongdoing to outsiders is known as:

Whistle-blowing

Based on class material, it is important to apply ethical standards in organizations in two important ways:

Solving ethical problems and setting up an ethics program

Clarifying an approach to ethical decision-making ensures that you and your organization have a "game plan" for addressing ethical issues that come up.

True

The better you know your business, the more likely you will clearly see when someone attempts to do the wrong thing.

True