Business Ethics

The study of how ethical theories are put into practice refers to _______.

Applied ethics

All of the following are stakeholders except _____.

Competitors

________ is the system that directs and controls business corporations.

Corporate governance

A set of ____ governs the accounting profession.

Generally Accepted Accounting principles

For some, the ________ rule best expresses the goal of living an ethical life: Do unto others as you would have them do unto you.

Golden

All of the following are sources of individuals' moral standards EXCEPT:

Government

The ____ Department should be at the center of any corporate code of ethics.

HR

An _______ is where the pursuit of that value is a good way to reach another value.

Instrumental value

An ______ is a value that is good thing in itself and is pursued for its own sake.

Intrinsic value

The moral principle known as the categorial imperative emphasizes the universality of moral actions is associated with what theorist?

Kant

The terms ________ and values are often used to mean the same thing, a set of personal principles by which you aim to live your life.

Morals

Which of the following is the lowest level of moral development?

Pre conventional

Modern contributor of the ethics of justice theory:

Rawls

At the ______ stage, a person focuses on self-chosen ethical principles that are comprehensive and consistent.

Universal ethical principle orientation (principled conscience)

According to the organizational power analysis, which of the following describes the use of power through rewards and benefits?

Utilitarian Power

The key functional inputs that an organization provides during the transformation of raw materials into a delivered product or service is referred to as a(n) ______.

Value chain

When individuals share similar standards in a community, we can use the term _______.

Value system

The second step in the three-step process for solving an ethical problem is to ________.

analyze the actions

The R&D department of an organization _______.

carries the responsibility for the future growth of the organization.

A(n) _____ is the written standards of ethical behavior designed to guide a company's managers and employees as they make daily decisions.

code of ethics.

The foundation of ethics consider: rights and the intentions of those involved; consequences of actions and

considers how our conscience dictates what we should do.

Actions taken reflect comparative treatment of individuals and groups affected by the action. Major components equity, fairness, impartiality

ethic of justice

The ______ stage focuses on the avoidance of punishment and deference to power and authority.

obedience and punishment orientation

Arthur Dobrin identified ___ questions you should consider when resolving an ethical dilemma.

8

The ____ stage focuses on individual rights and the development of standards based on critical examination.

????

A _____ perspective is a summation of the customs, attitudes, and rules that are observed within a business.

?????

_____ is the function that keeps track of company financial transactions by documenting money coming in and going out and by balancing the accounts at the end of the period.

Accounting function.

According to the organizational power analysis, which of the following describes the use of power through threat of punishment, fear or intimidation?

Coercive Power

According to the organizational power analysis _____ uses knowledge of a person's desire for belonging letting a person know they are expected to do the right thing.

Normative Power

_______ can be defined as the values, beliefs, and norms shared by all the competitors and employees of that organization.

Organizational culture

The first step in the three-step process for solving an ethical problem is to _______.

analyze the consequences

Marketers see themselves as providing products (or services) to customers who _____.

have already expressed a need for and a desire to purchase those products.

The final step in the three-step process for solving an ethical problem is to _______.

make a decision

A(n) _____ is the combination of two contradictory terms.

oxymoron

From an ethical perspective, employees in each functional line area face ethical challenges dilemmas that ______.

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

_______ is a particular set of attitudes, beliefs, and practices that characterize a group of individuals.

Culture

Due to aggressive competitors, Joe Smith feels pressured to lie to an important customer to keep the customer. He feels they will never discover the truth. Joe is facing an ethical ______.

Dilemma

Emphasizes certain qualities of an individual that define appropriate behavior and the right action to take; promotes the charater of the individual taking the action, generally associated with ancient Greek philosophers, especially Plato and Aristotle.

Ethic of Virture

Gives priority to accountabilities arising from our interdependencies with others. The welfare of the people concerned is seen as more important then the principle at stake. Based on a feminist perspective.

Ethic of care

Assumes that individuals have certain entitlements that should be respected such as freedom of speech, the right of privacy, and due process.

Ethic of rights

Concerned with decisions that maximize net benefits and minimize overall harms for all stakeholders. Ultimate rule to follow is the "Greatest Good for Greatest Number."

Ethic of utility (rules-based or utilitarian

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

Ethics

Which of the following describes power used to create motivation or to accomplish group goals?

Social Power

What is it that makes the study of ethics so complex?

The grey area

Kohlberg's framework offers us a clearer view of the process of _____ and explaining how our moral development helps us to resolve ethical dilemmas.

Ethical reasoning