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

AACSB: Analytical Thinking
AACSB: Ethics
Blooms: Understand
Difficulty: 3 Hard
Learning Objective: 01-01 Explain why ethics is important in the business environment.
Topic: Introduction: Making the Case for Business Ethics
 
 
68. Describe the advantages associated with ethical decision making.
 
Unethical behavior not only creates legal risks for a business, it creates financial and marketing risks as well. Managing these risks requires managers and executives to remain vigilant about their company's ethics. It is now clearer than ever that a company can lose in the marketplace, go out of business, and its employees can go to jail if no one is paying attention to the ethical standards of the firm.
A firm's ethical reputation can provide a competitive advantage in the marketplace and with customers, suppliers, and employees. Managing ethically can also pay significant dividends in organizational structure and efficiency. Trust, loyalty, commitment, creativity, and initiative are just some of the organizational benefits that are more likely to flourish within ethically stable and credible organizations.
AACSB: Analytical Thinking
AACSB: Ethics
Blooms: Understand
Difficulty: 1 Easy
Learning Objective: 01-01 Explain why ethics is important in the business environment.
Topic: Introduction: Making the Case for Business Ethics
 
 
69. Discuss the hesitation (that may be justified) associated with teaching ethics. Explain briefly how the authors of this text believe that ethics can be taught constructively in a class.
 
Part of the hesitation about teaching ethics involves the potential for abuse; expecting teachers to influence behavior may be viewed as permission for teachers to impose their own views on students. Many believe that teachers should remain value-neutral in the classroom and respect a student's own views. Another part of this concern is that the line between motivating students and manipulating students is a narrow one. There are many ways to influence someone's behavior, including threats, guilt, pressure, bullying, and intimidation.


But not all forms of influencing behavior raise such concerns. There is a major difference between manipulating someone and persuading someone, between threatening and reasoning. The tension between knowledge and behavior can be resolved by emphasizing ethical judgment, ethical deliberation, and ethical decision making. The only academically and ethically legitimate way to do this is through careful and reasoned decision making. The fundamental assumption is that a process of rational decision making, a process that involves careful thought and deliberation, can and will result in behavior that is more reasonable, accountable, and ethical.
AACSB: Ethics
Blooms: Understand
Difficulty: 2 Medium
Learning Objective: 01-02 Explain the nature of business ethics as an academic discipline.
Topic: Business Ethics as Ethical Decision Making
 
 
70. Define ethics. How is it different from social sciences such as psychology and sociology?
 
Ethics refers not only to an academic discipline, but to that arena of human life studied by this academic discipline, namely, how human beings should properly live their lives.


Philosophers often emphasize that ethics is normative, which means that it deals with our reasoning about how we should act. Social sciences such as psychology and sociology also examine human decision making and actions, but these sciences are descriptive rather than normative. They provide an account of how and why people do act the way they do; as a normative discipline, ethics seeks an account of how and why people should act a certain way, rather than how they do act.
AACSB: Ethics
Blooms: Remember
Difficulty: 1 Easy
Learning Objective: 01-02 Explain the nature of business ethics as an academic discipline.
Learning Objective: 01-03 Distinguish the ethics of personal integrity from the ethics of social responsibility.
Topic: Business Ethics as Ethical Decision Making
Topic: Business Ethics as Personal Integrity and Social Responsibility
 
 
71. Differentiate the concepts of morality and social ethics.
 
The fundamental question of ethics "How should we live?" can be interpreted in two ways.
"We" can mean each one of us individually, or it might mean all of us collectively. In the first sense, this is a question about how I should live my life, how I should act, what I should do, and what kind of person I should be. This meaning of ethics is sometimes referred to as morality, and it is the aspect of ethics that we refer to by the phrase "personal integrity." There will be many times within a business setting where an individual will need to step back and ask: "What should I do? How should I act?"