Ethical Dilemmas and Corporate Practices

The video explores ethical dilemmas in daily life and business, using examples like the cashier and train dilemmas. It discusses corporate fraud cases, the impact of unethical behavior on organizations, and the importance of ethical leadership. The concept of protected values is introduced as a key factor in maintaining ethical practices, highlighting the benefits of a strong ethical culture in business.

What is the ethical dilemma presented in the cashier scenario?

• Whether to report a cashier for being rude

• Whether to shoplift from the store

• Whether to ask for a discount

• Whether to keep extra money given by mistake

What dilemma is presented in the train track scenario?

• Choosing between two job offers

• Deciding whether to report a colleague

• Switching tracks to save five people at the cost of one

• Choosing between two investment options

Which company was involved in creating unauthorized savings accounts?

• Facebook

• Enron

• Wells Fargo

• Volkswagen

How does a lack of ethics affect employee performance?

• Increases motivation

• Enhances creativity

• Improves teamwork

• Leads to errors and demotivation

What is a common consequence for businesses known for unethical practices?

• Higher employee retention

• More investor interest

• Loss of credibility and trust

• Increased sales

Which company was criticized for child labor practices?

• Starbucks

• Nike

• Facebook

• Volkswagen

What is a major challenge for companies trying to rebuild their image after unethical practices?

• Finding new suppliers

• Rebuilding trust and credibility

• Hiring new employees

• Expanding into new markets

What are 'protected values' according to Alexander Wagner?

• Values that are taught in business schools

• Values that are legally protected

• Values that resist unethical temptations

• Values that are shared by all employees

What is the potential impact of ethical leadership on employees?

• Decreased productivity

• Higher employee morale

• Increased absenteeism

• Lower job satisfaction

What percentage of participants in Wagner's experiment reported flipping tails four times?

• 20%

• 60%

• 40%

• 80%