Quiz: Ethics Of Business

What is considered as correct within a society

Making the right decisions when there is a chance to do wrong

Defining what is right and wrong for an individual or a community

Where individuals have a conscious choice to make a right and ethical decision

The study of business situations, activities, and decisions where issues of right and wrong are addressed

Defined as decisions that organizations make on issues that could be considered right or wrong

Ethics that can be applied to an organization’s practices

Ethical processes businesses use in order to achieve a good ethical standard

Yellow area

White area

Black area

Grey area

Capitalism, non-profit, and environmental practices.

Communism, profit motive and ethical practices

Profitability, free market, and bureaucracy

Capitalism, the profit motive & a free market environment

Primark

Nike

The Body shop

Enron

To recover a company’s image after a notorious business scandal

To avoid the loss of a good corporate image or being sued for misconduct

To enhance global relationships

To enhance stakeholder relationships

To act with real commitment

To build corporate reputation

The power and influence of business means it has the potential to inflict harm on society

Stakeholders increasingly demand ethical behavior

The continued occurrence of ethical infractions shows it’s needed

Ethical companies have been found to be more effective performers

Ethical companies are more likely to achieve government funding and local funds

Ethical theories are the conduct that should be followed in order to have good ethical practices

Ethical theories are the rules and principles that determine right and wrong for any given situation

Ethical theories are ancient hypothesis’ on how to create good business practice

Ethical theories give guidelines on how to achieve a good corporate image

Global, strict and absolute rules on right and wrong according to ethical conduct

Claims morality is context dependent and subjective, there are no universal right and wrongs that can be rationally determined

Right and wrong are objective and determined by the organization's culture

Claims there are eternal, universally applicable moral principles. Right and wrong are objective qualities.

Ethical relativism/Non-relativism

Cognitivism/Non-cognitivism

Consequentialist/Non-consequentialist

External/Internal

A) Decisions are established based on previous consequences and result from past actions

Focuses on the outcomes/ consequence of ethical decisions, not on moral principles

Focuses on the intrinsic goodness or value of an action

Consequences of competitor actions determine your actions

According to utilitarianism, an action is morally right if it results in the greatest amount of good for the greatest amount of people affected by the action

According to utilitarianism, an action is morally right if it results in the most amount of good possible in the given situation

Is if you do a whole lotta good

According to utilitarianism, an action is morally right if it results in the least amount of negativity possible

Jeremy Bentham & John Stuart Mills

Jeremy Stuart Mills & John Mills

Jeremy Bentham & John Stuart Smith

Jeremy Stuart Mills & John Newton

“Do unto to competitors as you would have them do unto you”

"Do unto others as you would have them do unto you”

C) “Do unto to friends as you would have them do unto you”

“Thou must attend LAVA on a Wednesday”

A) Wilson, H

Wilson, I

Kant, H

Kant, I

Universality - I ought never to act except in such a way as I can also will that my maxim should become a universal law Human Dignity - Act in such a way that you always treat humanity… Never simply as a means, but always at the same time as an end

Universality – I ought to always act in a way that will allow me to act within the universal law of Human Dignity – Act in such a way that you never treat humanity’s means as an end

Right to life, liberty, justice and property

Right to life, safety and shelter

Right to safety, esteem, self-actualisation, and psychological needs

Right to life and justice

Sharpe

Sheridan

Shaw

Sempier

Innocent justice, Guilty justice, Intuitional justice

Retributive justice, Processes justice, Compliant justice

Innocent justice, Fraudulent justice, Negligent justice

Retributive justice, Procedural justice, Distributive justice

Look after no.1

Look after your business

Don’t let anyone’s ego affect your business decisions

Don’t let your ego get in the way of your business

Assume good businesses will make good decisions

Assume good governments will enforce good ethical practices on their businesses

Assume good persons will make good decisions and personal qualities affect decisions

Assumes good persons will make good decisions but it has nothing to do with personal qualities

Wisdom, courage, self-control & justice

Confidence, motivation, & control

Happiness, goodness & love

Wisdom, confidence, happiness and justice

Post-conventional, conventional, pre-conventional

B) Unrealistic, realistic, similar

Past, modern, post-modern

Moral, ethical, ethical theories

Whistleblowers are employees of an organization that go beyond normal procedures & loyalty to their employer and report wrongdoing in the interest of the public good

Whistleblowers are employees that go beyond, their duties and expectation in order to highlight wrong within the organization