Business Ethics Final
Exam||NEWEST EXAM UPDATE||
Ethical decision making process -CORRECT ANSWER Ethical issue intensity,
individual factors, organizational factors, and opportunity
Utilitarianism -CORRECT ANSWER Greatest good for greatest number of people
Teleology -CORRECT ANSWER Acts are morally right if they produce a desired result
Egoism -CORRECT ANSWER Maximize self-interest
Deontology -CORRECT ANSWER Preservation of individual rights and individual
intention rather than consequences
Relativist -CORRECT ANSWER Based on individual/group experiences
Business Ethics -CORRECT ANSWER Comprises organizational principles, values and
norms that primarily guide individual and group behavior in business
FSGO -CORRECT ANSWER Federal Sentencing Guidelines Organization (exactly how
it sounds)
Sarbanes-Oxley Act -CORRECT ANSWER Requires corporations to establish codes of
ethics for financial reporting and requires top executives to sign off on their firm's
financial reports
Ethical intensity -CORRECT ANSWER Perceived relevance/importance of ethical
issues to individual/work group
Moral Intensity -CORRECT ANSWER Individual's perception of social pressure and the
harm his/her decision will have on others
Locus of control -CORRECT ANSWER Individual differences in relation to a general
belief about how one is affected by internal vs. external events
External Locus Control -CORRECT ANSWER go with the flow
Internal Locus Control -CORRECT ANSWER Must be in control
Ethical culture -CORRECT ANSWER Reflects whether a firm has an ethical culture
Normative Decision-Making -CORRECT ANSWER How one SHOULD approach an
issue
Exam||NEWEST EXAM UPDATE||
Ethical decision making process -CORRECT ANSWER Ethical issue intensity,
individual factors, organizational factors, and opportunity
Utilitarianism -CORRECT ANSWER Greatest good for greatest number of people
Teleology -CORRECT ANSWER Acts are morally right if they produce a desired result
Egoism -CORRECT ANSWER Maximize self-interest
Deontology -CORRECT ANSWER Preservation of individual rights and individual
intention rather than consequences
Relativist -CORRECT ANSWER Based on individual/group experiences
Business Ethics -CORRECT ANSWER Comprises organizational principles, values and
norms that primarily guide individual and group behavior in business
FSGO -CORRECT ANSWER Federal Sentencing Guidelines Organization (exactly how
it sounds)
Sarbanes-Oxley Act -CORRECT ANSWER Requires corporations to establish codes of
ethics for financial reporting and requires top executives to sign off on their firm's
financial reports
Ethical intensity -CORRECT ANSWER Perceived relevance/importance of ethical
issues to individual/work group
Moral Intensity -CORRECT ANSWER Individual's perception of social pressure and the
harm his/her decision will have on others
Locus of control -CORRECT ANSWER Individual differences in relation to a general
belief about how one is affected by internal vs. external events
External Locus Control -CORRECT ANSWER go with the flow
Internal Locus Control -CORRECT ANSWER Must be in control
Ethical culture -CORRECT ANSWER Reflects whether a firm has an ethical culture
Normative Decision-Making -CORRECT ANSWER How one SHOULD approach an
issue
