Ethics and Values

Question 1

Ethical Dilemmas

Answer 1

-Moral dilemmas are ambiguous
-Not all dilemmas are things we are aware of (explained as actions under stress, other kinds of reasons and rationalizations)

Question 2

Where is the word ethics derived?

Answer 2

Greek ethos, meaning customary or conventional

Question 3

What does ethics study?

Answer 3

Study of a particular group of normative judgement
-Those judgments that are concerned with what is morally right and wrong, or morally good and bag

Question 4

What are judgments of moral right and wrong based on?

Answer 4

Standards that:
-are not laid down by authoritative bodies
-override self-interest,
-and are based on impartial considerations
Ethics converts values into action

Question 5

Ethics and Values

Answer 5

-values state what is critically important
-a firm’s moral standards and values help guide ethics in decision making
-values influence which behaviors we think are ethical

Question 6

Reasons to be concerned with ethics

Answer 6

• The law
  -financial risk
  -reputation and competitive advantage
  -consumer boycotts
  -employee trust, loyalty, commitment and initiative
  -the right thing to do

Question 7

Hypernorms

Answer 7

Values represented are acceptable to all cultures and al organizations

Question 8

Consistent Norms

Answer 8

These are more culturally specific but are consistent with hyper and legitimate norms

Question 9

Moral free space

Answer 9

this is the area where on finds norms that are inconsistent with at least some other legitimate norms existing in other countries

Question 10

Illegitimate norms

Answer 10

These are norms that are incompatible with hypernorms