Ethical Decision Making Quiz

What is the nature of ethical decision making according to the slide?

• It is entirely objective and independent of one's values and culture.

• It is ultimately subjective and largely based upon one's values and culture.

• It is determined by the legal system only.

• It is a process that does not involve personal values or culture.

What can be hoped for by reasoning through ethical principles and following a particular process?

• To reach faster decisions.

• To reach decisions that are financially beneficial only.

• To reach better and at least more consistent decisions both financially and ethically.

• To eliminate all ethical dilemmas.

Which of the following is NOT a step in the process for resolving ethical problems as presented in the slide?

• Issue(s)

• Principle

• Application

• Evaluation

What is the first step in the process for resolving ethical problems according to the slide?

• Principle

• Issue(s)

• Application

• Conclusion

What does the 'Conclusion' step in the process for resolving ethical problems involve?

• Defining the ethical principle(s) to be applied.

• Identifying the issue(s) that need to be resolved.

• Applying the ethical principle to the situation.

• Coming to a conclusion and stating that conclusion.

What is the main issue with poor reasoning principles according to the slide?

• They provide a robust framework for business decisions.

• They often result in bad decisions or are used to justify unethical actions.

• They are always used by ethical businesspeople.

• They are recommended for exclusive use in decision making.

According to the slide, who is sometimes known to use poor reasoning principles?

• Businesspeople with a reputation for being ethical.

• Businesspeople with no reputation in the industry.

• Businesspeople with a reputation for being unethical.

• All businesspeople use them equally.

What does the presenter encourage regarding the use of poor reasoning principles?

• To use them as the main guide in decision making.

• To be aware of them but not to use them exclusively in decision making.

• To ignore them completely in business practices.

• To teach them as best practices in business schools.

What is the Conventionalist Ethic in business ethics?

• A set of rules that must be strictly followed to ensure ethical business conduct.

• The idea that business is like a game with permissive ethics, and any action that does not violate the law is ethically permissible.

• A philosophy that prioritizes employee well-being over profit maximization.

• The belief that businesses should operate on a basis of absolute moral principles.

Which maxim is frequently associated with the Conventionalist Ethic?

• Do unto others as you would have them do unto you.

• Maximize shareholder wealth.

• Consumer satisfaction is the ultimate goal.

• Ethics above all else.