BUSMHR 2292 Final Exam Questions And Answers Graded A+
5 views 0 purchase
Course
BUSMHR 2292
Institution
BUSMHR 2292
Tyco Scandal - ️️Dennis Kozlowski (former CEO of Tyco), convicted in 2002 for a
misappropriation of Tyco's corporate funds
results lens - ️️greatest good for the greatest number of people (consequentialist
theories utilitarianism)
Morality - ️️personal compass of values and motives
...
BUSMHR 2292 Final Exam
Tyco Scandal - ✔️✔️Dennis Kozlowski (former CEO of Tyco), convicted in 2002 for a
misappropriation of Tyco's corporate funds
results lens - ✔️✔️greatest good for the greatest number of people (consequentialist
theories utilitarianism)
Morality - ✔️✔️personal compass of values and motives
Justice - ✔️✔️just behavior or treatment
ethics - ✔️✔️actions that count for meeting shared community values
business ethics - ✔️✔️shared and mutually enforced professional norms
Rights/Responsibilities Lens - ✔️✔️you act in an ethical manner because it is your duty
(deontological theories)
Relationships Lens - ✔️✔️if the process id right it will take care of all stakeholders
(justice theories)
Reputation Lens - ✔️✔️act in an ethical manner because it is how you want to be
remembered (virtue theories)
Paine's Theory - ✔️✔️While there is a distinct way to approach financial, legal,
competitiveness, and market issues, we have to rely on gut instinct to handle ethical
issues
fiduciary principle - ✔️✔️act in the best interests of the company and its investors
property - ✔️✔️respect property and the rights of those who own it
reliability - ✔️✔️keep promises, agreements, contracts, and other commitments
transparency - ✔️✔️conduct business in a truthful and open manner
, dignity - ✔️✔️respect the dignity of all people
fairness - ✔️✔️deal fairly with all parties-- fair treatment and process
responsiveness - ✔️✔️be responsive to the legitimate claims and concerns of others
Enron Scandal - ✔️✔️Kenneth Lay (CEO and chairman of Enron), indicted on 11
counts of securities fraud
Roger Blackwell - ✔️✔️professor at OSU convicted of 19 counts of insider trading
Malden Mills Case - ✔️✔️Aaron Feuerstein (CEO) went out of his way to protect its
employees after the fire, rebuilt in the same town and paid its employees while
rebuilding
ill conceived goals - ✔️✔️goals to promote a desired behavior but they encourage a
negative one
motivated blindness - ✔️✔️overlooking unethical behavior when it is in our best interest
to stay ignorant
indirect behavior - ✔️✔️holding others less accountable for unethical behavior when it
is carried out through a third party
the slippery slope - ✔️✔️we are less likely to see others' unethical behavior when it
develops gradually
overvaluing outcomes - ✔️✔️giving a pass to unethical behavior if the outcome is good
Causes of pay gap - ✔️✔️1. globalization
2. Education
3. Technology
4. Family Situation
Average Fortune 500 CEO pay - ✔️✔️$13.6 million
tax proposal - ✔️✔️dropped corporate income taxes from 35% to 20%
richest 1% control - ✔️✔️half of the worlds wealth
Thomas M Rutledge - ✔️✔️CEO of charter communications, highest paid CEO in the
US
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller ACADEMICMATERIALS. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $7.99. You're not tied to anything after your purchase.
