BUSMHR 2292 Exam Questions with Verified
Solutions 100% Correct| New Update
-Markets are amoral, but market participants
frequently must make ethical judgements (Trust)
-Repeats links between ethics and performance
-Despite those links, Paine argues we haven't done a
good job of integrating ethics strategies into
management decision making strategies
-Paine suggests a framework for doing so:
Paine's Basic Ethics
Framework, what was his
-Difficulty is that we often use emotion, rather than
framework article about?
reason, to resolve ethical issues.
-Ordinarily, IF we use reason, often it is to attempt to
justify our action AFTER THE FACT
-There CAN be MORE THAN ONE ethical answer
This is a Stakeholder Analysis:
-Figuring anyone who can affect or anyone who is
affected by a decision and how they're affected
"The intuitive mind is a sacred gift and the rational
Albert Einstein Quote
mind is a faithful servant."
, 1. Is the action consistent with the
actor's basic DUTIES?
2.Does it respect the RIGHTS and other legitimate
Paine's 4 Questions for us
claims of the affected parties?
to consider what Ethical
Standard may apply
3.Does it reflect BEST PRACTICE
4.Is it compatible with the actor's own deeply held
COMMITMENTS ("core values")?
Requirement to act or not to act towards others
Duty
Basic moral duties in law or codes
Requirement in others to behave in a certain fashion
toward you - also often in law or codes
Right
Converse of duty (Ex: West Point Three Rules of
Thumb)
1. does action attempt to deceive or allow deceit?
2. does action gain or allow gain of
West Point - Three Rules privilege or advantage to which i or someone
of Thumb else would not otherwise be entitled
3.would i be dissatisfied by the outcome if i were on
the receiving end of action?
Principles or Standards of excellence (ethics codes,
voluntary standards)
What are Best Practices
Ideals, values, aspirations
, Self-chosen or subjective moral convictions
(principles, core values, standards of integrity)
Commitments
"You can make money without doing evil" - One of
Google's "What we believe" statements
ELI lens info from other add it
quizlet
1. Distributive Justice
Two Approaches to
'Justice'
2.Procedural Justice
Concerns the nature of a society just allocation of
Distributive Justice
goods in a society
The idea of fairness in the processes that resolves
disputes and allocates resources
Procedural Justice
concerns the fairness and the transparency of the
processes by which decisions are made
1. Facts and ethical issues
2.Stakeholders
4 Steps suggested in
Paine's Framework
3.Ethical Standards
4.Objectivity & Transparency
Stop and Critically Think - Emotion can derail
objectivity
Trust "gut" to alert you to issue , but critically examine
Facts and Ethical Issues
facts and issues
Appreciate the difficulty and potential bias in fact
gathering, in data - facts can be fluid
Anyone who can affect, or anyone who is affected by
Stakeholders
a decision
Solutions 100% Correct| New Update
-Markets are amoral, but market participants
frequently must make ethical judgements (Trust)
-Repeats links between ethics and performance
-Despite those links, Paine argues we haven't done a
good job of integrating ethics strategies into
management decision making strategies
-Paine suggests a framework for doing so:
Paine's Basic Ethics
Framework, what was his
-Difficulty is that we often use emotion, rather than
framework article about?
reason, to resolve ethical issues.
-Ordinarily, IF we use reason, often it is to attempt to
justify our action AFTER THE FACT
-There CAN be MORE THAN ONE ethical answer
This is a Stakeholder Analysis:
-Figuring anyone who can affect or anyone who is
affected by a decision and how they're affected
"The intuitive mind is a sacred gift and the rational
Albert Einstein Quote
mind is a faithful servant."
, 1. Is the action consistent with the
actor's basic DUTIES?
2.Does it respect the RIGHTS and other legitimate
Paine's 4 Questions for us
claims of the affected parties?
to consider what Ethical
Standard may apply
3.Does it reflect BEST PRACTICE
4.Is it compatible with the actor's own deeply held
COMMITMENTS ("core values")?
Requirement to act or not to act towards others
Duty
Basic moral duties in law or codes
Requirement in others to behave in a certain fashion
toward you - also often in law or codes
Right
Converse of duty (Ex: West Point Three Rules of
Thumb)
1. does action attempt to deceive or allow deceit?
2. does action gain or allow gain of
West Point - Three Rules privilege or advantage to which i or someone
of Thumb else would not otherwise be entitled
3.would i be dissatisfied by the outcome if i were on
the receiving end of action?
Principles or Standards of excellence (ethics codes,
voluntary standards)
What are Best Practices
Ideals, values, aspirations
, Self-chosen or subjective moral convictions
(principles, core values, standards of integrity)
Commitments
"You can make money without doing evil" - One of
Google's "What we believe" statements
ELI lens info from other add it
quizlet
1. Distributive Justice
Two Approaches to
'Justice'
2.Procedural Justice
Concerns the nature of a society just allocation of
Distributive Justice
goods in a society
The idea of fairness in the processes that resolves
disputes and allocates resources
Procedural Justice
concerns the fairness and the transparency of the
processes by which decisions are made
1. Facts and ethical issues
2.Stakeholders
4 Steps suggested in
Paine's Framework
3.Ethical Standards
4.Objectivity & Transparency
Stop and Critically Think - Emotion can derail
objectivity
Trust "gut" to alert you to issue , but critically examine
Facts and Ethical Issues
facts and issues
Appreciate the difficulty and potential bias in fact
gathering, in data - facts can be fluid
Anyone who can affect, or anyone who is affected by
Stakeholders
a decision
