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11 Cards in this Set

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5 Moral Philosophies (Define and give examples of each)

Teleology-Stipulates that acts are morally right or acceptable if they produce some desired result, such as realization of self interest or utility.


Egoism-Defines right or acceptable actions as those that maximize a particular persons self-interest as defined by the individual. (Not reporting a potential flaw so the sale continues to go through so you get your bonus. Enlightened egoistic look longer term and might report the defect to ensure job security.)


Utilitarianism-Defines right or acceptable actions as those that maximize total utility, or the greatest good for the greatest number of people (Whatever has the best outcome for the most amount of people, bribing an official would be OK if it meant the utilitarian construction company would get the contract and not have to lay off employees.)


Deontology-Focuses on the preservation of individual rights and on the intentions associated with a particular behavior rather than its consequences. (Deontologists would consider it wrong to kill someone event hough it would be much better for the greater good.)


Relativist-Evaluates ethicalness subjectively on the basis of individual and group experiences. (In bolt issue would look at the general belief of the population and go with their decision.)


Virtue Ethics-assumes that what is moral in a given situation is not only what conventional morality requires but also what the mature person with a good moral character would deem appropriate.(A person who has the virtue of honesty would always tell the truth because it is the right thing to do.)


Justice-Evaluates ethicalness on the basis of fairness: distributive, procedural, and interactional.(A boss who forces his employees to do more work so he can take more time off would be unjust because he is taking advantage of his position.)

Individual Factors and Organizational Factors (How they interact and influence ethical decisions.)

Many believe individual Factors are main drivers of ethical behavior in business. Most unethical behavior is nor for personal gain but to make performance goals. If they differ the person will likely be unhappy working for organization, a positive ethical culture will promote more ethical behavior.

Ethical decision making framework

Conflict of Interest

When an individual must choose whether to advance his or her own interests, those of the organization, or those of some other group.

Gate Keepers

Accountants who are responsible for financial accuracy, lawyers, financial rating agencys, and financial reporting services.

Intensity (all framework terms)

Ethical issue intensity- the relevance or importance of an ethical issue in the eyes of the individual work group, and or orgamization.


Moral intensity-Relates to individuals perceptions of social pressure and the harm they believe their decisions will have on others.

Rule utilitarians

Determine behavior on the basis of principles or rules designed to promote the greatest utility, rather than on individual examinations of each situation they encounter.

Act utilitarians

Examine specific actions, rather than the general rules governing them, to assess whether they will result in the greatest utility

Kohlbergs Model of Moral Development

1. The stage of punishment and obedience


2. The stage of individual instrumental purpose and exchange


3. The stage of mutual interpersonal expectations, relationships, and conformity,


4. The stage of social system and conscience maintenance


5. The stage of prior rights, social contract, or utility


6. The stage of universal thick principles

4 quadrants of corporate culture

10 40 40 10 Rule