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10 Cards in this Set
- Front
- Back
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Since ethics are often defined by perception, what type of risk becomes crucial to firms with respect to being perceived as ethical? |
Reputation risk. |
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Firms that are considered to be ethical, are also often considered to be: |
Trustworthy |
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Which framework is attributed to ethical decision making? |
Duty of care, responsibility, compassion. |
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Acting in good faith is the belief that one is doing the right thing. Which ethical decision-making value does this pertain to? |
Responsibility. |
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In which type of Right vs. Right ethical dilemma, do the values of fairness, equity, and righteousness conflict with the values of compassion and empathy? |
Justice vs. mercy. |
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What is a common element between all four types of right vs. right dilemmas? |
A degree of right. |
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A firm’s code of ethics will assist in guiding employees on what approach to take to make ethical decisions. If a code suggested that the resolution principle should result in the greatest good for the greatest number of people, what approach does this firm suggest? |
Ends based resolution principal. |
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The ethical decision making process for right vs. wrong issues includes four tests. Asking oneself whether the situation intuitively involves wrongdoing, even if the individual cannot identify exactly what it is, defines which of these four tests? |
Smell test |
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What is the first step in developing ethical awareness? |
Identifying one’s core values. |
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An underperforming employee, who has been with the firm for many years, recently informed you that he’s been having troubles at home. You are considering cutting his bonus to reflect his performance but are mindful of the impact this could have on his personal situation. This is an example of what type of ethical dilemma? |
Justice vs. Mercy |
