Exam (elaborations)
MBA 645 Questions And Answers Latest Update
- Course
- MBA 645
- Institution
- Southern New Hampshire University
MBA 645 Questions And Answers Latest Update
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Solution 2024/2025Pepper
MBA 645 Questions And Answers Latest
Update
core values ANS✔✔ "essential and enduring tenets" define the company
What are values? ANS✔✔ •beliefs or standards that incline us to act or to
choose in one way rather than another
-i.e.: Food vs. Relaxation
•spend money on groceries bc value food rather than a vacation
Company's core values: ANS✔✔ beliefs and principles that provide the
ultimate guide in the company's decision-making.
Corporate "Culture" ANS✔✔ •= another way of saying a corporation has a
set of identifiable values.
-there is no "right" set of core values
Ethical values ANS✔✔ •beliefs and principals that seek to promote human
well-being in an impartial way.
Business ethics ANS✔✔ values, standards and principles that operate within
business
ethos ANS✔✔ -conform to what is typically done
, Solution 2024/2025
Pepper
-obey the conventions and rules of one's society and religion
-live according to the beliefs, attitudes, and values customary to one's
culture
ethos ANS✔✔ •The word "ethics" is derived from the Greek ethos
-="customary" or "conventional"
Philosophical Ethics ANS✔✔ •Denies that simple conformity and obedience
are the best guides to living
•Rejects authority as the source of ethics
•Defends the use of reason as the foundation of ethics
-seeks a reasoned analysis of custom
-seeks a reasoned defense of how we ought to live
Philosophical Ethics ANS✔✔ •Distinguishes what people actually value from
what people should value
•difference between ethos and ethics. ANS✔✔ The difference between what
is valued and what ought to be valued
Morality: ANS✔✔ •the concern on how each of us should live our lives
Virtues: ANS✔✔ character traits that constitute a life worth living
deciding how to act, & type of person to be
, Solution 2024/2025
Pepper
Social Ethics ANS✔✔ raises questions of public policy, law, civic virtue, and
political philosophy
Managerial ethics: ANS✔✔ •What should business managers do in various
situations?
•All decisions faced by business managers, from finance to marketing to
ethics and human resources, exist in a social and legal context.
Ethical Relativism ANS✔✔ •ethical values and judgments are ultimately
dependent upon, or relative to, one's culture, society, or personal feelings.
quid pro quo ANS✔✔ i.e.: male manager tells female job applicant she would
be hired IF she submitted to his sexual advances
The traps of relativism ANS✔✔ -be careful not to hold ethics to too high a
standard of proof
•to be proven as absolute certainty à ethics will fail
-there are wide disagreements about values
Utilitarian Ethics ANS✔✔ -maximizing the overall good or The Greatest Good
for the Greatest Number of People
Utilitarian Ethics - economy ANS✔✔ •The economy exists to provide the
highest standard of living for the greatest number of peopleUtilitarian Ethics
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