Question 1

Acknowledging the presence of an ethical problem is the first step of the framework for arriving at ethical decisions.

Accepted Answer

Recognizing that there is an ethical issue is indeed the first step in many frameworks for ethical decision-making, as it sets the stage for further analysis and action.

Question 2

Relying on one's instincts is often the best way to identify an ethical problem.

Accepted Answer

Relying on one's instincts can be a helpful way to identify potential ethical problems, as instincts can often alert us to situations that may not be right. However, it is important to note that instincts alone are not always reliable and should be considered in conjunction with other factors, such as reason and experience, when making ethical decisions.

Question 3

When making decisions regarding ethical business actions, managers should ________.

Accepted Answer

Managers should balance their obligation to shareholders with explicit contributions to the broader public good, as this approach ensures that the company not only focuses on profit-making but also considers its impact on society and the environment, aligning with principles of corporate social responsibility.

Question 4

When it comes to ensuring ethical behavior, experienced managers follow a systematic process.

Accepted Answer

Experienced managers often follow a systematic process to ensure ethical behavior, which includes establishing clear ethical standards, training employees on these standards, monitoring compliance, and enforcing policies consistently.

Question 5

Evaluation of results is the last step of the framework for arriving at ethical decisions.

Accepted Answer

Evaluation of results is typically the final step in ethical decision-making frameworks, where the outcomes of the decision are assessed to ensure they align with ethical standards and objectives.

Question 6

When applying the five-step framework for making ethical decisions, managers should, at first, ________.

Accepted Answer

Recognizing the ethical problem is the first step in the five-step framework for making ethical decisions. This involves identifying the situation that requires an ethical solution.

Question 7

In the five-step framework for making ethical decisions, implementing a course of action implies ________.

Accepted Answer

Implementing a course of action involves putting into effect the chosen solution, which often includes creating new rules, processes, or procedures.

Question 8

According to the framework for arriving at ethical decisions, a course of action must be identified as soon as the ethical problem is detected.

Accepted Answer

The framework for arriving at ethical decisions involves several steps, including identifying the ethical problem, gathering relevant information, evaluating the actions from various ethical perspectives, and exploring the practical alternatives before a course of action is identified and implemented. Identifying a course of action is not the immediate step after detecting an ethical problem.

Question 9

In the five-step framework for making ethical decisions, which of the following approaches to evaluating actions is being used by a manager who questions whether a proposed action embodies character strengths he/she values?

Accepted Answer

The virtue approach to evaluating actions focuses on whether a proposed action embodies character strengths and virtues that the decision-maker values. This approach emphasizes moral character and the virtues that a good person should embody, such as honesty, courage, compassion, generosity, fidelity, integrity, fairness, self-control, and prudence.

Question 10

Creating alternatives is the last step of the framework for arriving at ethical decisions.

Accepted Answer

Creating alternatives is typically an early step in the framework for arriving at ethical decisions, as it involves generating different courses of action before evaluating and choosing the most ethical option.

Question 11

In a short essay, explain the five-step framework for making ethical decisions.

Accepted Answer

The answer of In a short essay, explain the five-step...

Question 12

When using the five-step framework for making ethical decisions, which of the following steps involves investigating which individuals have a stake in the outcome?

Accepted Answer

Examining the facts involves investigating which individuals have a stake in the outcome, as part of understanding the situation fully.

Question 13

What is a code of ethics? What function does it serve for businesses?

Accepted Answer

The answer of What is a code of ethics? What...

Quiz 4: Ethics, Corporate Social Responsibility, Sustainability and Corporate Governance in International Business