CH2- Ethical Decision-Making

What is the first step in the ethical decision-making process?

• Identify stakeholders

• Make a decision

• Consider available alternatives

• Determine the facts

How can one determine that an issue raises an ethical concern?

• By ignoring stakeholders

• By following local conventions

• By evaluating the impact on people's well-being

• By considering financial implications

Who are considered stakeholders in ethical decision-making?

• Government officials

• Groups and individuals affected by the decision

• Only the decision-maker

• Competitors

What distinguishes good people who make ethically responsible decisions?

• Ignoring consequences

• Moral imagination

• Lack of empathy

• Rigidity in decision-making

What is a critical element in evaluating alternatives in ethical decision-making?

• Weighing the consequences on stakeholders

• Predicting the weather

• Avoiding moral imagination

• Considering only obvious options

Why do 'good' people sometimes engage in 'bad' acts?

• Due to lack of knowledge

• Because they are inherently bad

• For a variety of reasons

• To impress others

What can make it difficult for individuals to act ethically within a business context?

• Lack of education

• Social circumstances

• Personal integrity

• Financial incentives

Who holds responsibility for encouraging ethical behavior in a business?

• Employees

• Government regulators

• Customers

• Business management and executive team

What is at the heart of individual decision-making in ethical scenarios?

• Following local conventions

• Competition

• Personal integrity

• Financial gain

What is a key aspect of being accountable in decision-making?

• Ignoring outcomes

• Avoiding responsibility

• Blaming others

• Justifying the decision