Business Ethics 2

What is the first step in ethical decision making process?

• Consider the available alternatives

• Identify stakeholders

• Identify the ethical issues involved.

• Determine the facts

Consequentialist approach to ethics is also known as

• deontologicalist

• utilitarianism

• principle-based framework

• virtue ethics

Which of these is NOT a feature of compliance-based culture in an organisation

• Audit focus

• Transaction-based

• Customer focus

• Policy adherence

What is whistle-blowing?

• A practice in which an individual within an organization reports organizational wrongdoing to the public or to others in position of authority.

• A set of behavioral guidelines and expectations that govern all members of a business firm.

• A formal summary statement that describes the goals, values, and institutional aim of an organization.

• Individuals within an organization charged with managerial oversight of ethical compliance and enforcement within the organization.

Economic model of CSR is about ___

• The view that business exists within a web of social relationships.

• limiting a firm’s social responsibility to the minimal economic responsibility of producing goods and services and maximizing profits within the law.

• a model of corporate social responsibility that holds that business managers have ethical responsibilities to a range of stakeholders.

• integrating with the firm’s mission or strategic plan

Employment at will (EAW) comes into effect

• when there is no employment contract

• when employee signed on an employment contract

• when employer signed on an employment contract

• when employee chooses to work for free

Downsizing is ____

• a standard for terminations or discipline that requires the employer to have sufficient and fair cause.

• A test by which courts consider whether the worker is economically dependent on the business.

• The reduction of human resources at an organization through terminations, retirements, corporate divestments, or other means.

• the reduction of profit in a company.

Hypernorms are _____

• values restricted to an organisation

• those values that rests within moral free space

• values that are fundamental across culture and theory.

• values that are confined to an individual

Which of these is NOT a hypernorm

• freedom of speech

• right to personal freedom

• right to physical movement

• forced consent

Caveat emptor means

• buyer demands

• buyer aware

• buyer beware

• buyer retreats