Ethics

Question 1

Define ethics

Answer 1

The moral principles governing or influencing conduct which is deemed to be acceptable in the society or context in question.

Question 2

What are the three ethical tests?

Answer 2

• Transparency
• Effect
• Fairness

Question 3

Describe transparency

Answer 3

Does the company mind others knowing about the decision it has made?

Question 4

Describe effect

Answer 4

Whom does the decision hurt? Are one or more stakeholder groups receiving a negative outcome?

Question 5

Describe fairness

Answer 5

Would the company’s decision be considered fair?

Question 6

What is important about any ethical scenario?

Answer 6

To ascertain the facts before making any response

Question 7

What other aspects should be considered?

Answer 7

 Legality
 Confidentiality
 Sustainability
 Honesty