Week 5 CH 2 ACC/543

(blank) are positive abstractions that capture our sense of what is good or desirable. We derive our ethics from them, and they represent our understanding of the purposes we will fulfill by making particular decisions.

values

Business decisions are typically driven by a particular purpose. The WPH framework suggests that the purpose or end result of a particular decision often reflects a business's (Blank)

values

The ethics of care presumes that when an individual cares for another, they are, in fact, caring for all individuals who fall within (Blank)

web of care

A large construction company has purchased a piece of property in a small suburban community that values historic preservation. The piece of property contains buildings that have significant historic value to the town, however, the law does not provide any protection that requires preservation of the buildings. A socially responsible construction company would probably

work with community leaders to find a compromise for use of the buildings, while preserving its historic features

When a company executive is considering engaging in profitable, yet dishonest, behavior, it is always wise to consider how that behavior (blank)

would be viewed if covered on the evening news.

The Universalization Test, an ethical guideline available as a tool for businesses, asks the question:

"What if everyone acted this way"

The deontological approach to ethics recognizes that certain actions are considered either right or wrong regardless of the (Blank)

Consequences

Identify the character traits that virtue ethics focuses on developing.

Courage and Justice

The (blank) Rule is the idea that we should interact with other people in the manner consistent with the way we would like them to interact with us

Golden

Which philosopher proposed the categorical imperative to determine whether an action is right?

Immanuel Kant

The most famous of the deontological approaches to business ethics is referred to as (blank) ethics

Kantian

The most famous of the deontological approaches to business ethics is referred to as (blank) ethics.

Kantian

Ethical (blank) is a theory of ethics that denies the existence of objective moral standards.

Relativism

Mr. Jacobs, a salesperson for Micro Corp., is considering padding his expense account slightly this month to cover a slight commission loss. Mr. Jacobs rationalizes this decision as acceptable because he has always been honest in his expense reports in the past, so he believes the financial impact to his employer would be small. If Mr. Jacobs were to re-visit this decision by considering what the impact would be if all the salespeople took the same approach, he would be applying an ethical guideline known as the (blank) test.

Universalization

Which of the following collectively represents the basic unit of business ethics?

Values

Which of the following holds that whether an action is moral does not depend on the perspective facing the ethical dilemma; instead, whether an action is moral depends on whether the action conforms to the given set of ethical rules?

absolutism only

(blank) utilitarianism urges managers to take those actions that provide the greatest pleasure after having subtracted the pain or harm associated with the action in question.

act

Regardless of whether a particular course of action is ethical, at bare minimum, a business decision should be

legal

The legality of the decision in choosing a method of production, how to compete with competing firms, and the social responsibilities of the firm is the (blank) standard that must be met for the firm to be an ethical business.

minimum

The focus on the Golden Rule is considering how your behavior will affect

others

The premise behind the (blank) test is that ethics is hard work-labor that we might avoid if we did not have frequent reminders that we live in a community

public disclosure

Ethical (blank) is a theory of ethics that denies the existence of objective moral standards.

relativism

Labor laws that prohibit employers from hiring children are on the (blank) form of consequentialism.

rule utilitarianism

In addition to employees, shareholders, and customers, businesses should also consider the effect decisions have on the community where the business is located. When the business considers the impact of its decisions on the community, it is

social responsibility

The (blank) of a firm are the many groups of people affected by the firm's decisions.

stakeholders

The (blank) of a firm are the many groups of people affected by the firms decisions.

stakeholders

Nurturing human relationships is the cornerstone for the ethical approach known as:

the ethics of care

The ultimate goal of virtue ethics as an ethical system is the achievement of (Blank)

the good life

Micro Corp has been the national sponsor of a well-known charitable organization for years. Because Micro Corp is having a particularly slow year, it is considering pulling its sponsorship from that charity. If considered against the Public Disclosure Test, Micro Corp should (blank)

continue its sponsorship

(Blank) consists of acting on the basis of the recognition that certain actions are right or wrong regardless of their consequence.

deontology

Since opening almost 30 years ago, Abigail's restaurant has always closed on Christmas Day. This year, the new owner of the restaurant is considering opening on Christmas. The restaurant would not be violating any local or state laws in remaining open. In considering the decision, the stakeholders who would most be affected by the decision to remain open are the

employees

Questions of morality cannot be judged on an objective basis under the theory of (blank)

ethical relativism

Absolutism is also referred to as ethical (Blank)

fundamentalism

While ethical dilemmas sometimes have no clear cut right or wrong answer, the study of business ethics has generated certain schools of thought or ethical theories, many of which provide (blank) in decision making

guidelines

Applying the categorical (blank) would lead you to conclude that you should not cheat on a drug test, because if everyone acted in the same way it would be meaningless.

imperative

Business Ethics

is the application of ethics to the special problems and opportunities experienced by business people

Ethics

is the study and practice of decisions about what is good or right.