Understanding Business
12th Edition
ISBN: 9781259929434
Author: William Nickels
Publisher: McGraw-Hill Education
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Chapter 6.3, Problem 1MED
Summary Introduction
To select: The most ethical choice that whether to stay in the company or start own business.
Introduction:
A set of personal and business behavioral standards, values and guidelines established by professional organizations for guiding their personnel for sound and consistent ethical functioning is termed as ethics.
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Have you ever heard of the Ethisphere Institute? Take a few minutes to explore their website: https://ethisphere.com/
Summarize something that you learned about this organization on their website for your classmates. Do you think this institute has value for organizations who are attempting to build an ethical culture? Why or why not?
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Describe some decisions that might be good for an organization’s profitability in the short-term, butbad for the organization in the long-term.
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1. Describe the truth, principle and concept that have impacted you the most from this Ethics course.
2. How has this Ethics course clarified your role as an ethical/moral decision maker? List and describe 3 most important changes this course has brought to your life and leading?
3. Tell us 3 ways you are going to apply to change how you live and lead as a result of this course.
Chapter 6 Solutions
Understanding Business
Ch. 6.1 - Prob. 6.1AQCh. 6.1 - Megan Gibson has always been a big fan of peanut...Ch. 6.1 - Prob. 6.1CQCh. 6.1 - Prob. 6.1DQCh. 6.1 - Prob. 6.1EQCh. 6.1 - Prob. 1TPCh. 6.1 - Prob. 2TPCh. 6.1 - Prob. 3TPCh. 6.1 - Prob. 4TPCh. 6.2 - When Roni Di Lullas dog Midnight had trouble...
Ch. 6.3 - Prob. 1MEDCh. 6.4 - Prob. 6.4AQCh. 6.4 - Prob. 6.4BQCh. 6.4 - Prob. 5TPCh. 6.5 - Prob. 6.5AQCh. 6.5 - Prob. 6TPCh. 6.5 - Prob. 7TPCh. 6 - Prob. 1CECh. 6 - General repair service-paints, makes household...Ch. 6 - Prob. 3CECh. 6 - Prob. 4CECh. 6 - Prob. 1CTCh. 6 - Prob. 2CTCh. 6 - Prob. 3CTCh. 6 - Prob. 1DCSCh. 6 - Prob. 2DCSCh. 6 - Prob. 3DCSCh. 6 - Prob. 4DCSCh. 6 - Prob. 5DCSCh. 6 - Prob. 1PPTCh. 6 - Prob. 2PPTCh. 6 - Prob. 1VCCh. 6 - Prob. 2VCCh. 6 - Prob. 3VC
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- 1. Crane and Matten define ethical theories as “the______ and principles that determine right and wrong for a given situation. 2. De George (1999) suggests two extremes in locating a place for ethical theory. What are these two extremes? a) Normative / instrumental. b) Moral / immoral. c) Absolutism/relativism. d) Religious / non-religious. 3. Consequentialist ethical perspectives base their moral judgment on the motivations and/or principles of the actors. a) True b) False 4. Match the major normative theories of business ethics with the rules they employ. a) Egoism = Self-interest b) Utilitarianism = Act or rule utility c) Ethics of duties = Categorical imperative d) Rights and justice = Respect for human beings 5. What, according to Theory, are the main problems with utilitarianism? Please select all that apply. a) Distribution of utility b) Subjectivity c) Limited social acceptability d)…arrow_forwardi need this with explanation in own words not copy Utilitarian’s theory suggests that ethical action is one which promotes the greatest good for the greatest number of people. Describe different ways of defining what is good for people and explain how these might relate to the practical application of utilitarianism in business scenarios?arrow_forwardShould ethics be about what you must do or what kind of person you should be? In there a difference between these two?arrow_forward
- 5. What is the impact of business ethics to society in general? 6. Why is there a special need for Ethical Behavior by Professionals? 7. Explain whether the following statement is true or false. "Responsiveness usually results to effectiveness and efficiency". 8. Explain how business managers could act ethically 9. If you are a CEO, how can you handle politics within your organization?arrow_forwardPlanning in advance what you would do in an ethically challenging situation will help you to be true to your values. T or F?arrow_forwardIn the past, how have you ensured that you make ethical decisions in your own life – both personal and at work/school? Would you use something structured – like a framework – to help you in making tough decisions with ethical implications? Explain why or why not. How would you adapt the framework that you learned for your own use?arrow_forward
- Why do good people occasionally behave unethically, and why should you be moral?arrow_forwardYou're the type of person who is always terrified of failure, avoids contentious circumstances, and is afraid of losing your job, putting your ethical beliefs on the line. The circumstances listed below will put your ethical standards to the test. What would you do in these situations? Keep in mind that you must be honest and provide outstanding explanations. Situation 1: Protecting a friend who’s drinking is causing problems in the company Situation 2: take credit to the work done by the others. Situation 3: Company engaging in false marketing.arrow_forward“Professional Liability” Please respond to the following: From the case study, determine the main potential ethical dilemmas. Next, use the seven (7) steps in the ethical decision-making framework to recommend one (1) course of action you would take in order to avoid the ethical dilemmas. Provide a rationale to support your recommendation. From the case study, based on your recommendation in Part I of this discussion, suggest one (1) strategy that would support you making the right decision without undermining the manager’s confidence in your problem-solving ability in a difficult situation. Provide a rationale to support your response. Case Study You have worked as a staff auditor for two and one-half years and have mastered your job. You will likely be promoted to a senior position after this busy season. Your current senior was promoted about a year ago. He appreciates your competence and rarely interferes…arrow_forward
- Apply all six ethical perspectives presented in the chapter to one of the chapter’s case studies.Keep a record of your deliberations and conclusions using each one. Did you reach differentsolutions based on the theory you used? Were some of the perspectives more useful in thissituation? Are you more confident after looking at the problem from a variety of perspectives?Chapter Two: Personal Ethical Development2. Analyze a popular television drama or movie from an ethical perspective. Identify the issuesraised by the program/movie, the values it promotes, and the virtues and vices demonstrated bythe important characters.Chapter Three: Ethical Decision-Making3. Select a moral issue, and evaluate its level of moral intensity using the components described inthe chapter. Or choose an ethical dilemma that you think deserves more attention. What stepscould you and other take to increase this issue’s level of moral intensity?arrow_forwardINSTRUCTIONS Consider the situation at Hewlett-Packard from a multiple stakeholder perspective. Imagine you are an ethical leader in each instance…. A CEO faced with leaks regarding your strategic vision. Briefly discuss four approaches your group would take to determine who was sharing the information. Describe an advantage and a disadvantage of one of your proposed approaches. How would you rebuild trust and enable good employee communication? A shareholder with HP stock. What would you want to see done to protect your investment in the company? An investigator hired by HP. What role do you have in upholding ethical standards? A board member who was spied upon. What would your reaction be to learning that you were investigated? Justify your response. As several observers have noted, HP spent a lot of time establishing whether or not their activities were technically legal but little time considering whether or not their actions were ethical. Briefly explain whether your group…arrow_forwardIn your point of view, is it important to employ ethical reasoning in professional tasks? Present your arguments with examples/logics.arrow_forward
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