Ch 2 - Ethics in Decision Making

Ch 2 - Ethics in Decision Making

Assessment

Flashcard

Education

University

Practice Problem

Hard

Created by

Prin D.

Used 1+ times

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11 questions

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1.

FLASHCARD QUESTION

Front

Why do companies hire ethics officers?

Back

To develop ethics policies, listen to complaints, and investigate misconduct.

2.

FLASHCARD QUESTION

Front

What is the Sarbanes-Oxley Act (2002)?

Back

Set higher standards for corporate responsibility and governance.

3.

FLASHCARD QUESTION

Front

What is the difference between Morality & Ethics?

Back

Morality = personal values guiding behavior. Ethics = formal system deciding right vs wrong.

4.

FLASHCARD QUESTION

Front

Can something be legal but not ethical?

Back

Yes, e.g., tax loopholes.

5.

FLASHCARD QUESTION

Front

Can something be ethical but not legal?

Back

Yes, e.g., helping someone illegally cross border to save them.

6.

FLASHCARD QUESTION

Front

What is Formalism?

Back

Duty-based ethics. Certain acts are always right/wrong. Test: Would I want everyone to act this way?

7.

FLASHCARD QUESTION

Front

What is Consequentialism?

Back

Outcome-based ethics. Ethical if results are good for majority. Test: Does this promote the common good?

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