Exam 1: Ethics and Business

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_____ reasoning is reasoning about what we should do.

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While using the risk assessment model what might the decision makers include in their assessment before taking action?

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Why is 'ethics' considered a normative discipline?

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Identify the bill that was passed in April 2009 to amend the executive compensation provisions of the Emergency Economic Stabilization Act of 2008 to prohibit unreasonable and excessive compensation and compensation not based on performance standards.

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Which of the following is true about values?

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Explain how the study of ethics was viewed until recently, and what kind of shift in focus has occurred post the scandals.

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Morality is the aspect of ethics that we can refer to by the phrase "_____."

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The Grayson-Himes Pay for Performance Act was passed to amend the executive compensation provisions of the Emergency Economic Stabilization Act of 2008.

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In a general sense, a business _____ is anyone who affects or is affected by decisions made within the firm, for better or worse.

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Theoretical reasoning is reasoning about:

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Ethics requires that the promotion of human welfare be done:

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Individual codes of conduct based on one's value structures regarding how one should live, how one should act, what one should do, what kind of a person should one be etc. is sometimes referred to as ____.

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Describe the two elements of ethical values.

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In an organizational context, _____ is the skill of creating a circumstance in which good people are able to do good, and bad people are prevented from doing bad.

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One way to distinguish the various types of values is in terms of the ends they serve. _____ values serve the end of beauty.

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In business, every decision can be covered by economic, legal, or company rules and regulations.

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Define values and discuss the element of corporate culture in detail.

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The well-being promoted by ethical values is not a personal and selfish well-being.

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Define risk assessment.

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A(n) _____ is anyone affected, for better or for worse, by the decisions made within a particular firm.

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