Deck 1:  The Foundation of Ethical Thought

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Question
______________ allows employees and managers to address potential ethical issues before they occur.

A) Analytical ethics
B) Descriptive ethics
C) Normative ethics
D) Constructive ethics
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Question
_____________ can be defined as the collective values of a business organization that can be used to evaluate whether the behaviors of the organization's collective members are considered acceptable and appropriate.

A) Validity
B) Business ethics
C) Self-efficacy
D) Groupthink
Question
How is the price of a meal determined at a Panera Cares Café?

A) Customers decide how much to pay for their meal
B) Meal prices are determined based on the cost of meal preparations
C) Café managers set the prices of the meals each day based on ingredient costs
D) Top management at Panera set a standard price of meals for all café locations.
Question
Sidgwick's dualism argues that _______________ is necessary in an individual's actions.

A) Utilitarianism
B) Rational benevolence
C) Ethical egoism
D) Kent's ethics
Question
______________ attempted to resolve the fundamental difference of whether the actions for one's self-benefit impact just the individual or others.

A) Utilitarianism
B) Sidgwick's dualism
C) Ethical egoism
D) Kant's ethics
Question
Supporters of _______________ state that this theory is the only one that captures the essence of benevolent behavior.

A) Utilitarianism
B) Sidgwick's dualism
C) Ethical egoism
D) Kant's ethics
Question
_____________ is a prescribed course of action that attempts to ensure that ethical behavior will be followed in the future.

A) Analytical ethics
B) Descriptive ethics
C) Normative ethics
D) Constructive ethics
Question
All of the following are deontological frameworks except

A) Ethical egoism
B) Existentialism
C) Contractarianism
D) Kant's Ethics
Question
Which of the following is not one of the three types of ethical examinations?

A) Descriptive
B) Constructive
C) Analytical
D) Normative
Question
____________ is the presentation of facts related to specific ethical actions of an individual or organization.

A) Analytical ethics
B) Descriptive ethics
C) Normative ethics
D) Constructive ethics
Question
______________ is based on the principle of utility where each person's actions add to the overall utility of the community impacted by his or her actions.

A) Utilitarianism
B) Sidgwick's dualism
C) Ethical egoism
D) Kant's ethics
Question
From a legal standpoint, _____________ would address the "motive" behind the actions instead of just being satisfied with a description of the actions.

A) Analytical ethics
B) Descriptive ethics
C) Normative ethics
D) Constructive ethics
Question
What percentage of the 1,700 executives from 43 countries surveyed by Ernest and Young stated they would be willing to make cash payments in the form of a bribe in order to obtain business from a customer?

A) 5%
B) 15%
C) 25%
D) 45%
Question
Which of the following is not one of the three teleological frameworks?

A) Ethical egoism
B) Utilitarianism
C) Kant's ethics
D) Sidgwick's Dualism
Question
The average Panera Cares Café will generate revenues of ___________ and profits of __________ per month.

A) $10,000; $300 to $400
B) $50,000; $1,000 to $5,000
C) $100,000; $3,000 to $4,000
D) $500,000; $30,000 to $35,000
Question
_____________ is the process of understanding the reasons a course of action that may have an ethical impact took place.

A) Analytical ethics
B) Descriptive ethics
C) Normative ethics
D) Constructive ethics
Question
Which of the following is used when an observer wants to understand the cause of events that generated the ethical issue?

A) Analytical ethics
B) Descriptive ethics
C) Normative ethics
D) Constructive ethics
Question
The supporters of ______________ argue that this framework is the only ethical mold that captures the essence of motivation within individuals.

A) Utilitarianism
B) Sidgwick's Dualism
C) Ethical Egoism
D) Kant's Ethics
Question
___________ can be defined as the values that an individual uses to interpret whether any particular action or behavior is considered acceptable and appropriate.

A) Ethics
B) Validity
C) Reliability
D) Commitment
Question
Which of the following ethical frameworks focuses on the duty or obligation in determining whether the actions are wrong or right?

A) Teleological
B) Sidgwick's dualism
C) Deontological
D) Ethical egoism
Question
Contractarianism is based on the underlying belief that the only person who can determine right or wrong is based on the free will of the person making the decision.
Question
The _____________ principle is the belief that employees have a responsibility to supply information when it is requested by various stakeholders.

A) Reliability
B) Responsiveness
C) Self-respect
D) Transparency
Question
The supporters of the ethical egoism theory would argue that businesses should focus solely on their own self-interests and maximize their level of profitability by developing a strong competitive advantage.
Question
The _____________ principle is based on the assumption that every employee should act as a responsible citizen in the community.

A) Reliability
B) Dignity
C) Citizenship
D) Fiduciary
Question
As opposed to deontological frameworks, which focus on whether the results are favorable or not, teleological frameworks focus on the duty or obligation in determining whether the actions are right or wrong.
Question
Which of the following is not one of Ross's seven guiding principles?

A) Gratitude
B) Justice
C) Self-Improvement
D) Greed
Question
The ______________ principle is based on the assumption that there are no actual or potential conflicts of interest between the employee and the firm.

A) Property
B) Dignity
C) Citizenship
D) Fiduciary
Question
___________ is based on the belief that all individuals agree to social contracts to be a member within a society.

A) Intuitionism
B) Existentialism
C) Contractarianism
D) Kant's Ethics
Question
The collective values of a business organization that can be used to evaluate whether the behaviors of the organization's collective members are considered acceptable and appropriate are called business ethics.
Question
Traditional examples of violations of the _____________ principle include theft, misappropriation of funds, and wasting resources.

A) Reliability
B) Dignity
C) Property
D) Transparency
Question
The trolley problem is an example of a Sidgwick's dualism
B Kant's ethics
C An ethical dilemma
D Ethical egotism
Question
___________ can be defined as the trait of an individual who has obsessive and compulsive continuous thoughts of sexual desire.

A) Pride
B) Envy
C) Lust
D) Sloth
Question
Which of the following is not an example of fairness?

A) Distributive fairness
B) Reciprocal fairness
C) Procedural fairness
D) Fiduciary fairness
Question
Within the analytical ethics context, there is no interpretation of the facts or assumptions concerning why certain courses of action took place.
Question
From a legal standpoint, analytical ethics would address the "motive" behind the actions instead of just being satisfied with a description of the actions.
Question
___________ is based on the underlying belief that the only person who can determine right and wrong is based on the free will of the person making the decision.

A) Intuitionism
B) Existentialism
C) Contractarianism
D) Kant's Ethics
Question
The values that an individual uses to interpret whether any particular action or behavior is considered legal or illegal are called ethics.
Question
What did Dante call love of justice perverted to revenge and spite?

A) Wrath
B) Envy
C) Pride
D) Greed
Question
The ____________ principle is based on the belief that it is the employee's responsibility to honor the commitments he or she has made to the firm.

A) Reliability
B) Responsiveness
C) Self-respect
D) Transparency
Question
What allows animal instincts to control the appetite of an individual?

A) Lust
B) Gluttony
C) Greed
D) Pride
Question
The fiduciary principle is based on the belief that stakeholders who have a vested interest in the firm should be treated fairly.
Question
Existentialism is based on the belief that all individuals agree to social contracts to be a member within a society.
Question
In a short essay, list and discuss five of the seven guiding principles that W.D. Ross presented as the basis of how individuals develop a level of intuition that becomes incorporated in their decision-making process.
a. Fidelity-an individual needs to keep explicit and implicit promises
b. Reparation-an individual must act on repairing the consequences for previous wrongful acts
c. Gratitude-an individual must be able to show gratitude for the kindnesses that others have given him or her
d. Justice-an individual should try to see that any goods are fairly distributed
e. Beneficence-an individual should focus on trying to improve the lives of others
f. Self-improvement-an individual should improve himself or herself by focusing on virtue and intelligence
g. Noninjury-an individual should not cause any harm to others
Question
Existentialism is represented in fidelity and self-improvement, and contractarianism is represented in fidelity and justice.
Question
The transparency principle is based on the belief that every employee should conduct business in a truthful and open manner.
Question
Ethical egoism is represented in self-improvement, and utilitarianism is represented in beneficence and noninjury.
Question
In a short essay, list and discuss the three teleological frameworks.
a. Ethical egoism-based on the belief that every individual should act in a way to promote himself or herself if the net result will generate, on balance, positive rather than negative results.
b. Utilitarianism-can be based on single acts of individuals (act utilitarianism) or on guiding behavior indirectly through an evaluation of ethical conduct via rules procedures (rule utilitarianism).
c. Sidgwick's dualism-attempted to bridge the gap between the two competing frameworks of ethical egoism and utilitarianism. At the core of the argument is that both previous theories had elements of using cost-benefit analysis to help analyze the actions of individuals. Sidgwick's dualism attempted to resolve the fundamental difference of whether the actions for one's self-benefit impact just the individual or others.
Question
The property principle involves making affirmative efforts for those individuals who need help in their personal pursuits, and it also helps protect those individuals who are vulnerable to unethical actions.
Question
In a short essay, list and discuss five of the seven deadly sins described as one of the founding areas of guidance for those unsure about their ethical standing.
a. Lust-defined as the trait of an individual who has obsessive and compulsive continuous thoughts of sexual desire
b. Gluttony-defined as when an individual over indulges and over consumes anything good to the point that the good is wasted when it is consumed
c. Greed-defined as an excessive desire by the individual to obtain wealth, status, and power
d. Sloth-can be defined as being lazy and indifferent about one's own actions
e. Wrath-defined as an uncontrollable level of anger or rage
f. Envy-relates to focusing on one's own self-interests in the desire to obtain qualities or possessions of another person
g. Pride-relates to being considered above or "superior" to another person
Question
The traditional components of fiduciary duty include ensuring that there are no actual or potential conflicts of interest given the actions of the employee.
Question
Kant's ethical view is considered a dualism because it attempts to bridge the gap between the existentialist and contractarian points of view.
Question
In a short essay, list and discuss the three deontological frameworks.
a. Existentialism-based on the underlying belief that the only person who can determine right and wrong is based on the free will of the person making the decisions.
b. Contractarianism-also called social contract theory, is based on the belief that all individuals agree to social contracts to be a member within a society.
c. Kant's ethics-Kant argues that the free will to make decisions that were considered rational needed to be converted into a universal will. Kant's ethical view is considered a dualism because it attempts to bridge the gap between the existentialist and contractarian points of view.
Question
In a short essay, list and describe five of the eight major underlying principles in which ethical behavior can be interpreted and evaluated.
a. Fiduciary principle-the traditional components of fiduciary duty include ensuring that there are no actual or potential conflicts of interest given the actions of the employee. It also is implied that each employee will not put his or her self-interests above the interest of the firm
b. Property principle-based on the belief that every employee should respect property as well as the rights of the owners of the property
c. Reliability principle-based on the belief that it is the employee's responsibility to honor commitments he or she has made to the firm
d. Transparency principle-based on the belief that every employee should conduct business in a truthful and open manner
e. Dignity principle-based on the belief that each employee needs to respect the dignity of all individuals
f. Fairness principle-based on the belief that stakeholders who have a vested interest in the firm should be treated fairly
g. Citizenship principle-based on the belief that every employee should act as a responsible citizen in the community
h. Responsiveness principle-based on the belief that employees have a responsibility to respond to requests for information about the operations from the various stakeholders
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Deck 1:  The Foundation of Ethical Thought
1
______________ allows employees and managers to address potential ethical issues before they occur.

A) Analytical ethics
B) Descriptive ethics
C) Normative ethics
D) Constructive ethics
C
2
_____________ can be defined as the collective values of a business organization that can be used to evaluate whether the behaviors of the organization's collective members are considered acceptable and appropriate.

A) Validity
B) Business ethics
C) Self-efficacy
D) Groupthink
B
3
How is the price of a meal determined at a Panera Cares Café?

A) Customers decide how much to pay for their meal
B) Meal prices are determined based on the cost of meal preparations
C) Café managers set the prices of the meals each day based on ingredient costs
D) Top management at Panera set a standard price of meals for all café locations.
A
4
Sidgwick's dualism argues that _______________ is necessary in an individual's actions.

A) Utilitarianism
B) Rational benevolence
C) Ethical egoism
D) Kent's ethics
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5
______________ attempted to resolve the fundamental difference of whether the actions for one's self-benefit impact just the individual or others.

A) Utilitarianism
B) Sidgwick's dualism
C) Ethical egoism
D) Kant's ethics
Unlock Deck
Unlock for access to all 53 flashcards in this deck.
Unlock Deck
k this deck
6
Supporters of _______________ state that this theory is the only one that captures the essence of benevolent behavior.

A) Utilitarianism
B) Sidgwick's dualism
C) Ethical egoism
D) Kant's ethics
Unlock Deck
Unlock for access to all 53 flashcards in this deck.
Unlock Deck
k this deck
7
_____________ is a prescribed course of action that attempts to ensure that ethical behavior will be followed in the future.

A) Analytical ethics
B) Descriptive ethics
C) Normative ethics
D) Constructive ethics
Unlock Deck
Unlock for access to all 53 flashcards in this deck.
Unlock Deck
k this deck
8
All of the following are deontological frameworks except

A) Ethical egoism
B) Existentialism
C) Contractarianism
D) Kant's Ethics
Unlock Deck
Unlock for access to all 53 flashcards in this deck.
Unlock Deck
k this deck
9
Which of the following is not one of the three types of ethical examinations?

A) Descriptive
B) Constructive
C) Analytical
D) Normative
Unlock Deck
Unlock for access to all 53 flashcards in this deck.
Unlock Deck
k this deck
10
____________ is the presentation of facts related to specific ethical actions of an individual or organization.

A) Analytical ethics
B) Descriptive ethics
C) Normative ethics
D) Constructive ethics
Unlock Deck
Unlock for access to all 53 flashcards in this deck.
Unlock Deck
k this deck
11
______________ is based on the principle of utility where each person's actions add to the overall utility of the community impacted by his or her actions.

A) Utilitarianism
B) Sidgwick's dualism
C) Ethical egoism
D) Kant's ethics
Unlock Deck
Unlock for access to all 53 flashcards in this deck.
Unlock Deck
k this deck
12
From a legal standpoint, _____________ would address the "motive" behind the actions instead of just being satisfied with a description of the actions.

A) Analytical ethics
B) Descriptive ethics
C) Normative ethics
D) Constructive ethics
Unlock Deck
Unlock for access to all 53 flashcards in this deck.
Unlock Deck
k this deck
13
What percentage of the 1,700 executives from 43 countries surveyed by Ernest and Young stated they would be willing to make cash payments in the form of a bribe in order to obtain business from a customer?

A) 5%
B) 15%
C) 25%
D) 45%
Unlock Deck
Unlock for access to all 53 flashcards in this deck.
Unlock Deck
k this deck
14
Which of the following is not one of the three teleological frameworks?

A) Ethical egoism
B) Utilitarianism
C) Kant's ethics
D) Sidgwick's Dualism
Unlock Deck
Unlock for access to all 53 flashcards in this deck.
Unlock Deck
k this deck
15
The average Panera Cares Café will generate revenues of ___________ and profits of __________ per month.

A) $10,000; $300 to $400
B) $50,000; $1,000 to $5,000
C) $100,000; $3,000 to $4,000
D) $500,000; $30,000 to $35,000
Unlock Deck
Unlock for access to all 53 flashcards in this deck.
Unlock Deck
k this deck
16
_____________ is the process of understanding the reasons a course of action that may have an ethical impact took place.

A) Analytical ethics
B) Descriptive ethics
C) Normative ethics
D) Constructive ethics
Unlock Deck
Unlock for access to all 53 flashcards in this deck.
Unlock Deck
k this deck
17
Which of the following is used when an observer wants to understand the cause of events that generated the ethical issue?

A) Analytical ethics
B) Descriptive ethics
C) Normative ethics
D) Constructive ethics
Unlock Deck
Unlock for access to all 53 flashcards in this deck.
Unlock Deck
k this deck
18
The supporters of ______________ argue that this framework is the only ethical mold that captures the essence of motivation within individuals.

A) Utilitarianism
B) Sidgwick's Dualism
C) Ethical Egoism
D) Kant's Ethics
Unlock Deck
Unlock for access to all 53 flashcards in this deck.
Unlock Deck
k this deck
19
___________ can be defined as the values that an individual uses to interpret whether any particular action or behavior is considered acceptable and appropriate.

A) Ethics
B) Validity
C) Reliability
D) Commitment
Unlock Deck
Unlock for access to all 53 flashcards in this deck.
Unlock Deck
k this deck
20
Which of the following ethical frameworks focuses on the duty or obligation in determining whether the actions are wrong or right?

A) Teleological
B) Sidgwick's dualism
C) Deontological
D) Ethical egoism
Unlock Deck
Unlock for access to all 53 flashcards in this deck.
Unlock Deck
k this deck
21
Contractarianism is based on the underlying belief that the only person who can determine right or wrong is based on the free will of the person making the decision.
Unlock Deck
Unlock for access to all 53 flashcards in this deck.
Unlock Deck
k this deck
22
The _____________ principle is the belief that employees have a responsibility to supply information when it is requested by various stakeholders.

A) Reliability
B) Responsiveness
C) Self-respect
D) Transparency
Unlock Deck
Unlock for access to all 53 flashcards in this deck.
Unlock Deck
k this deck
23
The supporters of the ethical egoism theory would argue that businesses should focus solely on their own self-interests and maximize their level of profitability by developing a strong competitive advantage.
Unlock Deck
Unlock for access to all 53 flashcards in this deck.
Unlock Deck
k this deck
24
The _____________ principle is based on the assumption that every employee should act as a responsible citizen in the community.

A) Reliability
B) Dignity
C) Citizenship
D) Fiduciary
Unlock Deck
Unlock for access to all 53 flashcards in this deck.
Unlock Deck
k this deck
25
As opposed to deontological frameworks, which focus on whether the results are favorable or not, teleological frameworks focus on the duty or obligation in determining whether the actions are right or wrong.
Unlock Deck
Unlock for access to all 53 flashcards in this deck.
Unlock Deck
k this deck
26
Which of the following is not one of Ross's seven guiding principles?

A) Gratitude
B) Justice
C) Self-Improvement
D) Greed
Unlock Deck
Unlock for access to all 53 flashcards in this deck.
Unlock Deck
k this deck
27
The ______________ principle is based on the assumption that there are no actual or potential conflicts of interest between the employee and the firm.

A) Property
B) Dignity
C) Citizenship
D) Fiduciary
Unlock Deck
Unlock for access to all 53 flashcards in this deck.
Unlock Deck
k this deck
28
___________ is based on the belief that all individuals agree to social contracts to be a member within a society.

A) Intuitionism
B) Existentialism
C) Contractarianism
D) Kant's Ethics
Unlock Deck
Unlock for access to all 53 flashcards in this deck.
Unlock Deck
k this deck
29
The collective values of a business organization that can be used to evaluate whether the behaviors of the organization's collective members are considered acceptable and appropriate are called business ethics.
Unlock Deck
Unlock for access to all 53 flashcards in this deck.
Unlock Deck
k this deck
30
Traditional examples of violations of the _____________ principle include theft, misappropriation of funds, and wasting resources.

A) Reliability
B) Dignity
C) Property
D) Transparency
Unlock Deck
Unlock for access to all 53 flashcards in this deck.
Unlock Deck
k this deck
31
The trolley problem is an example of a Sidgwick's dualism
B Kant's ethics
C An ethical dilemma
D Ethical egotism
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Unlock for access to all 53 flashcards in this deck.
Unlock Deck
k this deck
32
___________ can be defined as the trait of an individual who has obsessive and compulsive continuous thoughts of sexual desire.

A) Pride
B) Envy
C) Lust
D) Sloth
Unlock Deck
Unlock for access to all 53 flashcards in this deck.
Unlock Deck
k this deck
33
Which of the following is not an example of fairness?

A) Distributive fairness
B) Reciprocal fairness
C) Procedural fairness
D) Fiduciary fairness
Unlock Deck
Unlock for access to all 53 flashcards in this deck.
Unlock Deck
k this deck
34
Within the analytical ethics context, there is no interpretation of the facts or assumptions concerning why certain courses of action took place.
Unlock Deck
Unlock for access to all 53 flashcards in this deck.
Unlock Deck
k this deck
35
From a legal standpoint, analytical ethics would address the "motive" behind the actions instead of just being satisfied with a description of the actions.
Unlock Deck
Unlock for access to all 53 flashcards in this deck.
Unlock Deck
k this deck
36
___________ is based on the underlying belief that the only person who can determine right and wrong is based on the free will of the person making the decision.

A) Intuitionism
B) Existentialism
C) Contractarianism
D) Kant's Ethics
Unlock Deck
Unlock for access to all 53 flashcards in this deck.
Unlock Deck
k this deck
37
The values that an individual uses to interpret whether any particular action or behavior is considered legal or illegal are called ethics.
Unlock Deck
Unlock for access to all 53 flashcards in this deck.
Unlock Deck
k this deck
38
What did Dante call love of justice perverted to revenge and spite?

A) Wrath
B) Envy
C) Pride
D) Greed
Unlock Deck
Unlock for access to all 53 flashcards in this deck.
Unlock Deck
k this deck
39
The ____________ principle is based on the belief that it is the employee's responsibility to honor the commitments he or she has made to the firm.

A) Reliability
B) Responsiveness
C) Self-respect
D) Transparency
Unlock Deck
Unlock for access to all 53 flashcards in this deck.
Unlock Deck
k this deck
40
What allows animal instincts to control the appetite of an individual?

A) Lust
B) Gluttony
C) Greed
D) Pride
Unlock Deck
Unlock for access to all 53 flashcards in this deck.
Unlock Deck
k this deck
41
The fiduciary principle is based on the belief that stakeholders who have a vested interest in the firm should be treated fairly.
Unlock Deck
Unlock for access to all 53 flashcards in this deck.
Unlock Deck
k this deck
42
Existentialism is based on the belief that all individuals agree to social contracts to be a member within a society.
Unlock Deck
Unlock for access to all 53 flashcards in this deck.
Unlock Deck
k this deck
43
In a short essay, list and discuss five of the seven guiding principles that W.D. Ross presented as the basis of how individuals develop a level of intuition that becomes incorporated in their decision-making process.
a. Fidelity-an individual needs to keep explicit and implicit promises
b. Reparation-an individual must act on repairing the consequences for previous wrongful acts
c. Gratitude-an individual must be able to show gratitude for the kindnesses that others have given him or her
d. Justice-an individual should try to see that any goods are fairly distributed
e. Beneficence-an individual should focus on trying to improve the lives of others
f. Self-improvement-an individual should improve himself or herself by focusing on virtue and intelligence
g. Noninjury-an individual should not cause any harm to others
Unlock Deck
Unlock for access to all 53 flashcards in this deck.
Unlock Deck
k this deck
44
Existentialism is represented in fidelity and self-improvement, and contractarianism is represented in fidelity and justice.
Unlock Deck
Unlock for access to all 53 flashcards in this deck.
Unlock Deck
k this deck
45
The transparency principle is based on the belief that every employee should conduct business in a truthful and open manner.
Unlock Deck
Unlock for access to all 53 flashcards in this deck.
Unlock Deck
k this deck
46
Ethical egoism is represented in self-improvement, and utilitarianism is represented in beneficence and noninjury.
Unlock Deck
Unlock for access to all 53 flashcards in this deck.
Unlock Deck
k this deck
47
In a short essay, list and discuss the three teleological frameworks.
a. Ethical egoism-based on the belief that every individual should act in a way to promote himself or herself if the net result will generate, on balance, positive rather than negative results.
b. Utilitarianism-can be based on single acts of individuals (act utilitarianism) or on guiding behavior indirectly through an evaluation of ethical conduct via rules procedures (rule utilitarianism).
c. Sidgwick's dualism-attempted to bridge the gap between the two competing frameworks of ethical egoism and utilitarianism. At the core of the argument is that both previous theories had elements of using cost-benefit analysis to help analyze the actions of individuals. Sidgwick's dualism attempted to resolve the fundamental difference of whether the actions for one's self-benefit impact just the individual or others.
Unlock Deck
Unlock for access to all 53 flashcards in this deck.
Unlock Deck
k this deck
48
The property principle involves making affirmative efforts for those individuals who need help in their personal pursuits, and it also helps protect those individuals who are vulnerable to unethical actions.
Unlock Deck
Unlock for access to all 53 flashcards in this deck.
Unlock Deck
k this deck
49
In a short essay, list and discuss five of the seven deadly sins described as one of the founding areas of guidance for those unsure about their ethical standing.
a. Lust-defined as the trait of an individual who has obsessive and compulsive continuous thoughts of sexual desire
b. Gluttony-defined as when an individual over indulges and over consumes anything good to the point that the good is wasted when it is consumed
c. Greed-defined as an excessive desire by the individual to obtain wealth, status, and power
d. Sloth-can be defined as being lazy and indifferent about one's own actions
e. Wrath-defined as an uncontrollable level of anger or rage
f. Envy-relates to focusing on one's own self-interests in the desire to obtain qualities or possessions of another person
g. Pride-relates to being considered above or "superior" to another person
Unlock Deck
Unlock for access to all 53 flashcards in this deck.
Unlock Deck
k this deck
50
The traditional components of fiduciary duty include ensuring that there are no actual or potential conflicts of interest given the actions of the employee.
Unlock Deck
Unlock for access to all 53 flashcards in this deck.
Unlock Deck
k this deck
51
Kant's ethical view is considered a dualism because it attempts to bridge the gap between the existentialist and contractarian points of view.
Unlock Deck
Unlock for access to all 53 flashcards in this deck.
Unlock Deck
k this deck
52
In a short essay, list and discuss the three deontological frameworks.
a. Existentialism-based on the underlying belief that the only person who can determine right and wrong is based on the free will of the person making the decisions.
b. Contractarianism-also called social contract theory, is based on the belief that all individuals agree to social contracts to be a member within a society.
c. Kant's ethics-Kant argues that the free will to make decisions that were considered rational needed to be converted into a universal will. Kant's ethical view is considered a dualism because it attempts to bridge the gap between the existentialist and contractarian points of view.
Unlock Deck
Unlock for access to all 53 flashcards in this deck.
Unlock Deck
k this deck
53
In a short essay, list and describe five of the eight major underlying principles in which ethical behavior can be interpreted and evaluated.
a. Fiduciary principle-the traditional components of fiduciary duty include ensuring that there are no actual or potential conflicts of interest given the actions of the employee. It also is implied that each employee will not put his or her self-interests above the interest of the firm
b. Property principle-based on the belief that every employee should respect property as well as the rights of the owners of the property
c. Reliability principle-based on the belief that it is the employee's responsibility to honor commitments he or she has made to the firm
d. Transparency principle-based on the belief that every employee should conduct business in a truthful and open manner
e. Dignity principle-based on the belief that each employee needs to respect the dignity of all individuals
f. Fairness principle-based on the belief that stakeholders who have a vested interest in the firm should be treated fairly
g. Citizenship principle-based on the belief that every employee should act as a responsible citizen in the community
h. Responsiveness principle-based on the belief that employees have a responsibility to respond to requests for information about the operations from the various stakeholders
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