Ethics Final

society

a structured community of people bound together by similar traditions and customs is __________

culture

an organization's _______ consists of the values, beliefs, and norms shared by all of the employees of that organization.

utilitarian

marketers play the customer service card and therefore argue that since their customers are satisfies, the outcome justifies the methods used to achieve it no matter how misleading the message or how unnecessary the product sold. this argument represents a __________ view of ethics.

ethics

refers to a study of how people try to live their lives according to a standard of right or wrong behavior

"comply or else"

the Sarbanes-Oxley Act of 2002 incorporates the approach of _________

Federal Sentencing guidelines for organizations

the ___________ holds businesses liable for the criminal acts of their employees

trust

the fiduciary responsibility of a manager is ultimately based on ________

-stakeholders -shareholders

by recognizing ________ rather than_________, corporations must maintain a long term perspective.

ethical dilemma

when an employee discovers evidence of malpractice or misconduct in an organization, he or she faces an _________

Board of Directors

who oversees the governance of an organization?

Kenneth Lay

who was the CEO of Enron when Watkins blew the whistle?

can be both unique to their departmental responsibilities and common to the whole organization

from an ethical perspective, employees in each functional line area face ethical challenges and dilemmas that _____________

GAAP (Generally Accepted Accounting Principles)

a set of ________ governs the accounting professions.

corporate conscience

______ implies that an organization operates with an awareness of its obligation to society

virtue ethics

______ is a concept of living your life according to a commitment to the achievement of a clear ideal

corporate citizenship

_______ implies that the organization is a citizen responsible for meeting all of its obligations

universal ethics

_______ refers to the actions placed within a strictly moral context instead of basing actions on the needs of the particular situation

corporate social responsibility

________ are the actions of an organization that target achieving a social benefit over maximizing profits for its shareholders

intrinsic value

________ is a value that is a good thing in itself and is pursued for its own sake

instrumental value

_________ is a concept of living your life according to a commitment to the achievement of a clear ideal.

profitable

a commitment to good corporate governance can make a company ________