Egoism is an ethical system that defines acceptable behavior as that which maximized benefits for the_______. -organization -customer -individual -stockholder -It is an ethical system in which the goal is to create the greatest good for the gre Which of the following best defines the ethical system known as utilitarianism?
There are multiple components to consider when making an ethical decision. Regulations, policies and procedures, perception, public opinion, and even a leader’s morality play a part in how decisions that question business ethics should be handled.
-people from all levels of the company For a company's ethics code to be effective it must be written by_______ -the board of directors -people from all levels of the company -the top executives of the company -an outside agency
Regulations, policies and procedures, perception, public opinion, and even a leader’s morality play a part in how decisions that question business ethics should be handled. While no approach is perfect, a well-thought-out process and useful framework can make dealing with ethical situations easier.
This ethical standard puts a lot of emphasis on relationships, and how compassion for the fellow man should drive people to do good by others. Virtue. A virtue approach requires leaders to base ethical standards on universal virtues such as honesty, courage, compassion, tolerance, and many others.
It purposely leaves out anything related to making a profit so that leaders can focus on values instead of a potential impact on revenue.
honesty . justice . These were the general standards used by the CEOs in creating a decision about how they should deal with downsizing. While this is not a standard model, it does reveal the underlying ideas business leaders use to make ethical choices.
Leaders have to develop ethical standards that employees in their company will be required to adhere to. This can help move the conversation toward using a model to decide when someone is in violation of ethics. There are five sources of ethical standards: Utilitarian.
The intent is for people to be treated fairly and with dignity and not as a means to an end. Fairness.
The Character-Based Decision-Making Model was created by the Josephson Institute of Ethics, and it has three main components leaders can use to make an ethical decision.
In many ways, ethics may feel like a soft subject, a conversation that can wait when compared to other more seemingly pressing issues (a process for operations, hiring the right workers, and meeting company goals). However, putting ethics on the backburner can spell trouble for any organization. Much like the process of businesses creating ...