Exam 2: The Role of Ethics in Decision Making

Trevor works at Trevsinc,a company that has been buying raw materials from Stigg Corp.for years.Stigg Corp.,a private corporation,has been doing very well recently and will soon go public,selling its stock on the open market.As appreciation for his years of loyal service,Stigg Corp.offers Trevor the option of buying stocks at a low fixed price before the initial public offering.However,over the last few months,Trevor has been concerned that the management of Stigg Corp.may not be acting ethically and that the success may be because of the management's risky actions.What ethical issues must Trevor consider?

Stakeholder theory suggests that through its managers,an ethical corporation avoids risks to stakeholders which,if explained,would be clearly unacceptable.

Which of the following statements is an example of ethical formalism?

Even with a code of ethics,why is it important for top management in a corporation to set an example for ethical conduct?

Diversity reduces concerns over ethical values.

Is it practical to live by the categorical imperative in a corporate world? What problems could arise by applying this philosophy in a business perspective?

In the context of ethics,the good is most likely to be defined as __________.

Which of the following belongs to the category of involuntary stakeholders?

Hannah Arendt believed that evil often comes from a kind of _____.

Which of the following refers to the collection of values that guides human behavior?

When faced with a dilemma,a consequentialist would rely on absolutism.

What are the four observations made by the Spanish journal Boletín Círculo about business ethics?

Why should businesses promote openness in communication?

Which of the following statements is true of the social contract theory?

According to formalist thinker Immanuel Kant,to have good intent,one has to make an exception for one's own behavior.

In negligence law,failure to exercise due (or reasonable)care is the principal element that triggers liability against a defendant.