COMPREHENSIVE FREQUENTLY MOST TESTED REAL EXAM
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Steps to Follow for Analyzing an Ethical Dilemma - ANSWER-1.
Make sure you
have a grasp of all of the facts
available.
2. List any information you would like to have but don't and
what assumptions
you would have to make, if any, in resolving
the dilemma.
3. Take each person involved in the dilemma and list the
concerns they face or
might
have.
4. Develop a list of resolutions for the problem.
5. Evaluate the resolutions for costs, legalities, and impact.
6. Make a recommendation on the actions that should be taken.
, Enlightened Self-interest School of Social Responsibility -
ANSWER-advises
managers to be more responsive to the
larger society
Inherence School of Social Responsibility - ANSWER-
Advises managers to
serve shareholders and to act only with shareholders'
interests in mind.
Invisible Hand School of Social Responsibility - ANSWER-Role
of business is to
serve larger society and it does so best when serving
shareholders only.
Common Law - ANSWER-laws adopted from England which are
now judicially
present in the
U.S.
Criminal Law - ANSWER-wrongs against society that are
enforced by the
government
stare decisis - ANSWER-let the decision stand
appellate court - ANSWER-a court of review that reviews
the trial court