Exam 2: Deciding Whats Right: a Prescriptive Approach

Reference: Matching Approach and Weakness (each can be used more than once) -An individual's principles may be in conflict with what is best and causes the least amount of harm to another individual. For example, an individual who believes that he or she should not lie would be conflicted about telling the Nazi's he or she is hiding Jews in the basement.

Which of these is the first step in the sound ethical decision making in business?

The ___________ approach to ethical decision making focuses on what decision an individual should make.

A _______________ is any person or group with a stake in the issue at hand.

An appearance of a conflict of interest can be as damaging as an actual conflict.

Reference: Matching Key Terms and Descriptions (each can be used more than once) -"What kind of world would this be if everyone behaved this way or made this kind of decision in this type of situation?"

Reference: Matching Key Terms and Descriptions (each can be used more than once) -The______________ approach best known as consequentialist theory is Utilitarianism.

Reference: Matching Approach and Weakness (each can be used more than once) -It is difficult to obtain the information required to evaluate all of the consequences for all indirect and direct stakeholders.

Reference: Matching Approach and Weakness (each can be used more than once) -The rights of a minority group can easily be sacrificed for the benefit of the majority (for example, slavery in the United States).

______ is probably the best-known consequentialist theory.

Reference: Matching Key Terms and Descriptions (each can be used more than once) -Focuses on doing what is "right" based on broad, absolute and universal moral principles or values

Creativity and thinking out of the box are just a scoundrel's way of saying that coming up with alternatives in solving how you handle ethical issues are valuable skills to keep you from getting caught.

It is good advice to go with your gut.

Reference: Matching Key Terms and Descriptions (each can be used more than once) -A philosophical tradition that began with Aristotle and primarily considers the actor's character, motivations, and intentions.

In business, concerning yourself with how your decision making affects stakeholders is useless given the number of stakeholders and their different interests.

According to Lawrence Kohlberg, developer of a key theory of moral reasoning, role taking is useless as nothing is gained by putting yourself in the shoes of others.

Reference: Matching Key Terms and Descriptions (each can be used more than once) -Focuses on the integrity of the moral actor.

Reference: Matching Approach and Weakness (each can be used more than once) -A major challenge is deciding which duty, obligation, right, or principle takes precedence.

Most business managers rely on a deontological approach.

An ethical dilemma is defined as a situation where two or more "right" values are in conflict.