MGT490 Ch 9 Sample Questions – Flashcards
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Business ethics concerns
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developing a special set of ethical standards for businesses to observe in conducting their affairs
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The major drivers of unethical business behavior include
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corporate cultures that put the bottom line ahead of ethics, heavy pressures on company managers to meet or beat performance targets, and overzealous or obsessive pursuit of wealth accumulation, power, status, and other selfish interests
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Unethical business behavior tends to be driven by such factors as
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All of the above
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A company's strategy needs to be ethical because
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a strategy that is unethical not only damages the company's reputation but it an also have costly consequences
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Notions of right and wrong, fair and unfair, moral and immoral, ethical and unethical
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are present in all societies, organizations, and individuals
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The contentions that (1) many of the same standards of what's ethical and what's unethical resonate with peoples of most cultures, societies, and religions and (2) to the extent there is common moral agreement about right and wrong actions, there exist a set of common ethical standards to which organizations and individuals can be held accountable are defining beliefs of
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the school of ethical universalism
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According to the school of ethical universalism
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universal ethical principles or norms put limits on what actions and behaviors fall inside the boundaries of what is right and which ones fall outside--such universal norms include honesty, trustworthiness, respecting the rights of others, practicing the Golden Rule, and avoiding unnecessary harm to workers or to the users of the company's product or service
