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BUSMHR 2292 Final Exam Study Guide

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BUSMHR 2292 Final Exam Study Guide 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/Respons...

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  • October 3, 2024
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  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
  • BUSMHR
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EmillyCharlotte
EMILLYCHARLOTTE 2024/2025 ACADEMIC YAER
©2024 EMILLYCHARLOTTE. ALL RIGHTS RESERVED
FIRST PUBLISH SEPTEMBER 2024

BUSMHR 2292 Final Exam Study Guide
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)



1/10

, EMILLYCHARLOTTE 2024/2025 ACADEMIC YAER
©2024 EMILLYCHARLOTTE. ALL RIGHTS RESERVED
FIRST PUBLISH SEPTEMBER 2024
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

Tyco Scandal - Answer✔✔-Dennis Kozlowski (former CEO of Tyco), convicted in

2002 for a misappropriation of Tyco's corporate funds

Roger Blackwell - Answer✔✔-professor at OSU convicted of 19 counts of insider

trading

Malden Mills Case - Answer✔✔-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
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