Exam 1: The Nature of Morality

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Ethical relativism supports the theory that:

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According to Tom Regan, our considered moral beliefs are those we hold only after we have made a conscientious effort ( a )to attain maximum conceptual clarity, ( b )to acquire all relevant information, ( c )to think about the belief and its implications rationally, ( d )impartially, and with the benefit of reflection, ( e )coolly.

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Explain why being ethical is good business.

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Being ethical is good for business for several reasons. First, it helps to build trust and credibility with customers, employees, and other stakeholders. When a company is known for its ethical practices, it is more likely to attract and retain loyal customers and employees. This can lead to increased sales and productivity, as well as a positive reputation in the marketplace.

Second, ethical behavior can help to minimize legal and regulatory risks. By following ethical guidelines and laws, a company can avoid costly fines, lawsuits, and damage to its reputation. This can ultimately save the company money and protect its long-term success.

Additionally, being ethical can also lead to better relationships with suppliers, partners, and the community. By treating others fairly and with respect, a company can build strong, mutually beneficial relationships that can lead to new opportunities and collaborations.

Overall, being ethical is good for business because it helps to create a positive and sustainable business environment. It can lead to increased trust, reduced risks, and stronger relationships, all of which can contribute to the long-term success and profitability of a company.

In the essay, "Is Business Bluffing Ethical?" Albert Carr would agree with all of the following except for:

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One of the major characteristics of an organization is the shared acceptance of organizational rules by its members.

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In a broad sense morality is the moral code of an individual or of a society (insofar as the moral codes of the individuals making up that society overlap).

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Explain how good ethics can benefit an organization and business.

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Good moral judgments should be logical and

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What is the divine command theory?

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Bystander apathy appears to result in part from diffusion of responsibility.

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What is meant by "diffusion of responsibility"?

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Is it possible to be ethical and be successful?   To many, the two do not go together. State your position with reasons.

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"Etiquette" designates a special realm of morality.

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The famous experiments by social psychologist Solomon Asch show

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Morality and self-interest

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What dollar value would you give to a good reputation in business?  How much is a good reputation worth?

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When ethical relativism is put into practice, it implies that

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Choose the statement that is a true reflection of moral beliefs.

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In theory and practice, law codifies customs, ideals, beliefs, and a society's moral values.

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Rules of etiquette are always moral rules.

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