Exam (elaborations)
BUSA 2106 – QUESTIONS WITH COMPLETE SOLUTIONS
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BUSA 2106 – QUESTIONS WITH COMPLETE SOLUTIONS
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BUSA 2106 – QUESTIONS WITH COMPLETE SOLUTIONSWhat are the end results of ethical matters? Right Ans - Leading the "good
life" (those moral goals and objectives we choose to pursue)
Morality Right Ans - Involes what we mean by our (MYSELF) values of right
and wrong
Ethics Right Ans - A systematic statement of right and wrong together with
a philosphical system
Ethics and Law Right Ans - Ethical values are ultimately superior to law in
ensuring responsible business behavior
Differences BTW ethics and law Right Ans - 1. Many ethical values (i.e.
treatment of animals) are not enforced and many laws (i.e. regarding traffic
violations) do not address ethical concerns
2. Motivation to observe moral rules comes from within, the motivation to
observe law comes from outside
Formalism Right Ans - Affirms absolute mortality. An act in itself is right or
wrong; always in every situation (A lie is a lie)
Economic Interdependence Right Ans - Problem arises bc the executives
and managers who control what the stockholders own are sometimes able to
manipulate corporate actions for their own benefit actions that have
unacceptable risks to the owners and others
Categorical Imperative Right Ans - You have a moral duty to act in the way
you believe everyone should act( Act how you wish others to act) - Kant
Social Contract Theory Right Ans - Concerns itself with how to construct a
just society given the many inequalities of wealth, knowledge, and social
status
What should we assume with the Social Contract Theory? Right Ans - That
we don't know our age, gender, race, intelligence, strength, wealth, or social
status bc it keeps us from being self-interested in the ethical values we
consider
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