Business Ethics: Decision Making for Personal Integrity & Social Responsibility 4th Edition Test ban

 
Ans: ethical values
 
Acts and decisions that seek to promote human welfare are acts and decisions based on ethical values. Thus, ethical values serve the ends of human well-being.
AACSB: Ethics
Blooms: Remember
Difficulty: 1 Easy
Learning Objective: 01-04 Distinguish ethical norms and values from other business-related norms and values.
Topic: Business Ethics as Personal Integrity and Social Responsibility
 
 
63. One way to distinguish the various types of values is in terms of the ends they serve. _____ values serve the end of beauty.
 
Ans: Aesthetic
 
One way to distinguish various types of values is in terms of the ends they serve. Financial values serve monetary ends; religious values serve spiritual ends; aesthetic values serve the end of beauty; legal values serve law, order, and justice, and so forth.
AACSB: Ethics
Blooms: Remember
Difficulty: 1 Easy
Learning Objective: 01-04 Distinguish ethical norms and values from other business-related norms and values.
Topic: Business Ethics as Personal Integrity and Social Responsibility
 
 
64. The _____ Act requires employers to make reasonable accommodations for employees with disabilities.
 
Ans: Americans with Disabilities
 
The Americans with Disabilities Act (ADA) requires employers to make reasonable accommodations for employees with disabilities.
AACSB: Analytical Thinking
Blooms: Remember
Difficulty: 1 Easy
Learning Objective: 01-06 Explain why ethical responsibilities go beyond legal compliance.
Topic: Ethics and the Law
 
 
65. _____ reasoning is reasoning about what we should believe.
 
Ans: Theoretical
 
Theoretical reasoning is reasoning about what we should believe. It is the pursuit of truth, which is the highest standard for what we should believe.
AACSB: Ethics
Blooms: Remember
Difficulty: 1 Easy
Learning Objective: 01-07 Describe ethical decision making as a form of practical reasoning.
Topic: Ethics as Practical Reason


 
 
Essay Questions
 
66. Explain how ethical decisions are required to be made by every worker in a corporate setting, and how they have the capacity to influence more than just the decision maker.
 
Ethical decision making in business is not limited to the type of major corporate decisions with dramatic social consequences known in the form of Enron, JPMorgan, and WorldCom, etc. At some point, every worker, and certainly everyone in a management role, will be faced with an issue that will require ethical decision making. Not every decision can be covered by economic, legal, or company rules and regulations. More often than not, responsible decision making must rely on the personal values and principles of the individuals involved. Individuals will have to decide for themselves what type of person they want to be.


At other times, decisions will involve significant general policy issues that affect entire organizations, as happened in all the well-known corporate scandals. The managerial role especially involves decision making that establishes organizational precedents and has organizational and social consequences.
AACSB: Ethics
Blooms: Understand
Difficulty: 2 Medium
Learning Objective: 01-01 Explain why ethics is important in the business environment.
Topic: Introduction: Making the Case for Business Ethics
 
 
67. Explain how the study of ethics was viewed until recently, and what kind of shift in focus has occurred post the scandals.
 
As recently as the mid-1990s, articles in such major publications as The Wall Street Journal, the Harvard Business Review, and U.S. News and World Report questioned the legitimacy and value of teaching classes in business ethics. Few disciplines face the type of skepticism that commonly confronted courses in business ethics. Many students believed that "business ethics" was an oxymoron. Many also viewed ethics as a mixture of sentimentality and personal opinion that would interfere with the efficient functioning of business.


Leaders realize that they can no longer afford this approach in contemporary business. The questions today are less about why or should ethics be a part of business, than they are about which values and principles should guide business decisions and how ethics should be integrated within business. Students unfamiliar with the basic concepts and categories of ethics will find themselves as unprepared for careers in business as students who are unfamiliar with accounting and finance. Indeed, it is fair to say that students will not be fully prepared, even within fields such as accounting, finance, human resource management, marketing, and management unless they are familiar with the ethical issues that arise within those specific fields.