MGT 220 Final Exam Questions And Already Passed Answers.
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Course
MGMT 220
Institution
MGMT 220
Ethics - Answer the system of rules that governs the ordering of values
most people think we are good decision makers, ________ , and unbiased. - Answer ethical
most people have ____________ biases that favor themselves and their own group - Answer unconscious
Managers often: - An...
MGT 220 Final Exam Questions And
Already Passed Answers.
Ethics - Answer the system of rules that governs the ordering of values
most people think we are good decision makers, ________ , and unbiased. - Answer ethical
most people have ____________ biases that favor themselves and their own group - Answer
unconscious
Managers often: - Answer 1. HIRE people who are LIKE THEM
2. think they are IMMUNE to conflicts of interest
3. take more CREDIT than they deserve
4. BLAME OTHERS when they deserve some blame themselves
Ethical Issue - Answer situation, problem, or opportunity in which an individual must choose among
several actions that must be evaluated as morally right or wrong
Business Ethics - Answer The moral principles and standards that guide behavior in the world of
business
Moral Philosophy - Answer Principles, Roles, and Values people use in deciding what is right or wrong
Universalism - Answer the ethical system stating that all people should uphold certain values that
society needs to function
Egoism - Answer an ethical system defining acceptable behavior as that which maximizes
consequences for the individual
, Utilitarianism - Answer an ethical system stating that the greatest good for the greatest number should
be the overriding concern of decision makers
Relativism - Answer philosophy that bases ethical behavior on the opinions and behaviors of RELEVANT
other PEOPLE
Virtue Ethics - Answer Classification of people based on their moral judgment
Sarbanes-Oxly Act - Answer an act passed into law by congress in 2002, to establish strict accounting
and reporting rules in order to make senior managers more accountable and to improve and maintain
investor confidence. (ENRON)
Ethical Climate - Answer in an organization, the PROCESSES by which decisions are evaluated and made
on the basis of right and wrong.
Ethical Leader - Answer One who is BOTH a moral LEADER and a moral MANAGER, influencing others to
behave ethically.
Compliance-Based Ethics Programs - Answer Company mechanisms typically designed by corporate
council to PREVENT, DETECT, AND PUNISH legal violations
Integrity-Based Ethics Programs - Answer Company mechanisms designed to instill in people a
PERSONAL RESPONSIBILITY for ethical behavior
Moral Awareness - Answer REALIZING the issue has ethical implications
Moral Judgement - Answer Knowing what actions are morally defensible
Moral Character - Answer The strength and possible to act in accordance with your ethics despite your
challenges
Corporate Social Responsibility (CSR) - Answer Obligation toward society assumed by business
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