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Exam (elaborations)

BUSMHR 2292 Final Exam

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  • BUSMHR

Morality - answer-personal compass of values and motives Justice - answer-just behavior or treatment ethics - answer-actions that count for meeting shared community values business ethics - answer-shared and mutually enforced professional norms Rights/Responsibilities Lens - answer-you ...

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  • September 20, 2024
  • 11
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
  • BUSMHR
  • BUSMHR
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CleanA
BUSMHR 2292 Final Exam
Morality - answer-✔personal compass of values and motives


Justice - answer-✔just behavior or treatment


ethics - answer-✔actions that count for meeting shared community values


business ethics - answer-✔shared and mutually enforced professional norms


Rights/Responsibilities Lens - answer-✔you act in an ethical manner because it is
your duty (deontological theories)


Relationships Lens - answer-✔if the process id right it will take care of all
stakeholders (justice theories)


results lens - answer-✔greatest good for the greatest number of people
(consequentialist theories utilitarianism)


Reputation Lens - answer-✔act in an ethical manner because it is how you want to
be remembered (virtue theories)


Paine's Theory - answer-✔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

, Paine's Framework - answer-✔1. understand the facts
2. identify relevant standards
3. maintain objectivity (visibility, generality, legacy)


fiduciary principle - answer-✔act in the best interests of the company and its
investors


property - answer-✔respect property and the rights of those who own it


reliability - answer-✔keep promises, agreements, contracts, and other
commitments


transparency - answer-✔conduct business in a truthful and open manner


dignity - answer-✔respect the dignity of all people


fairness - answer-✔deal fairly with all parties-- fair treatment and process


citizenship - answer-✔acts as a responsible member of the community with respect
for law and regulation


responsiveness - answer-✔be responsive to the legitimate claims and concerns of
others


Enron Scandal - answer-✔Kenneth Lay (CEO and chairman of Enron), indicted on
11 counts of securities fraud

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