Business Ethics Answers

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32 Terms

1

Please explain the Equity Theory of Ethics from the textbook

the thought process of an employee about fairness of management decision making … how are others like me treated/punished for their behavior

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2

List and describe the five reasons why employees do not report unethical behavior

  1. No corrective action

  2. No confidentiality of reports

  3. Retaliation by superiors

  4. Retaliation by co workers

  5. Unsure who to contact

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3

According to the article Tone at the Top, what are the most common ethical issues?

  1. abusive/intimidating behavior (sup→ em

  2. lying to employees, customers, vendors, etc

  3. employees interest/organizational interest

  4. violations of safety regulations

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4

List and describe the three main types of workplace loyalty

personal - basic acceptance + compliance of orders

institutional - accepting + complying to mission statement

integrated - accountability, fairness, honesty, and good will

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5

describe a positive work environment

recognition and reward system

equal employment opportunities

team-oriented collaborative decision making

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6

describe a negative work environment

management doesn’t care about behavior

lack of recognition

negative feedback

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7

list and describe the nine steps to the effective appeal

  1. prepared to make an appeal (right-standing

  2. search (right motives)

  3. provide opportunity for response

  4. gather the facts (objectively

  5. christ-like attitude

  6. choose words wisely

  7. seek wise counsel

  8. respond in biblical christ like manner

  9. prepare for appeal again

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8

describe biblical wisdom and the worlds wisdom according to James chapter 3

wisdom from heaven - pure, peace loving, consideration, submissive

wisdom from the world - bitter, envy, selfish ambition

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9

what does Jeremiah 17:9 say regarding the condition of our hearts? how can this impact our personal ethical behavior and choices

that’s the condition of my hear, I can be deceived and engage in unethical behaviorl

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10

list and describe the four levels of ethical framework

law and regulation, professional standards, organizations values and policies, what does God require me in these situations

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11

what are the three prongs of the fraud triangle? describe each in detail

pressure, opportunity, rationalization

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12

how did Cynthia Cooper approach the fraud at WorldCom?

she began investigation into the fraud. had to confront many individuals about the fraud

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13

what did Cynthia Cooper experience from her superiors when investigating the fraud

intimidation, threats

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14

what was the advice Cynthia cooper’s mom gave her that helped when she was investigating the fraud at MCI WorldCom?

You can feel like you’re afraid and intimidated but you don’t have to resort to fear because you have a solid ground in christ

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15

what pressure did Betty Vinson face at WorldCom? Who put pressure on her?

she had pressures from the CFO, and pressure from herself because of loyalty

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16

What should Betty Vinson have done differently when faced with the request to commit fraud at MCI WorldCom?

resisted it immediately + not accepting a “one time” request, God will make another way

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17

According to the text on pages 178-179, what are the four signs of an ethical collapse

weak board of directors, excessive pressure to meet the numbers, fear and silence from workers, and when leaders are doing good deeds in the community to distract or cover up dishonest practice

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18

Define and describe internal controls and provide two examples

companies rules/procedures to safegaurd the businesses assets - separation of duties, risk assessments

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19

list and describe the four main responsibilities of leadership according to the textbook

fulfill the missions of one's company, to obey the law, be ethical in all situations, and be a good citizen.

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20

List and describe the following from pages 138 and 139 in the text (compensatory justice and utilitarianism)

Compensatory Justice the extent to which people are fairly compensated for their injuries by those who have injured them

Utilitarianism a normative ethical theory that states the morally right action is the one that produces the greatest balance of benefits over harms for everyone affected

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21

what are the keys to successful corporate governance?

solid board of directors, transparency, fairness, responsibility

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22

list three qualities of ethical leadership that Nehemiah displayed while serving as cupbearer for the king and while leading the children of Israel in the rebuilding of the walls of Jerusalem

compassion - cried when he learned of the suffering of the people

humility - ranked high but only asked for what he needed from the king

courage - job was dangerous and wasn’t afraid when facing the king with his needs

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23

what are some of the common pressures that people face that may lead to unethical or illegal behavior

family pressure, financial pressure, higher company power

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24

according to our discussion in class, what does “segregation of duties mean? why is it so important to internal controls?

tasks are divided among multiple people, takes away from any person having too much control - making unethical decisions

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25

describe a situation in your life where you were asked to do something unethical

drinking before legal age

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26

write out psalm 1 as listed in the course syllabus

blessed is the man that walketh not in the counsel of the ungodly, nor standeth in the way of sinners, nor sitteth in the seat of the scornful. But his delight is in the law of the LORD, and in his law doth he meditate day and night. and he shall be like a tree planted by the rivers of water, that bringeth forth his fruit in his season, his leaf shall not wither, and whatsoever he doeth shall prosper. the ungodly are not so: but are like the chaff which the wind driveth away. Therefore the ungodly shall not stand in the judgement nor sinners in the congregation of the righteous. For the LORD knoweth the way of the righteous, but the way of the ungodly will perish.

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27

in addition to salvation, what does God give us and not give us according to 2 Timothy 1:7

God has not given us a spirit of fear but a spirit of power, love, and a sound mind

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28

What is the overarching attribute of God? Why?

Holiness - required payment for sin and should be something that we pay attention to everyday - be Holy for I am Holy

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29

per the SHRM Code of Conduct, what are the specific responsibilities related to conflicts of interest

high level of trust with stakeholders - don’t engage in activities that would put trust in danger

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30

what are the three primary areas of temptation according to 1 John 2:16? How should we respond to them?

Lust of the flesh, lust of the eyes, pride of life

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31

What are the four steps of unethical behavior? Why is it difficult to correct courses as we take each step?

See, Covet, Taking, Hiding

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32

What led to David’s Sina and failure? What could he have done differently? How could this apply to our professional choices

he shouldve been with his troops in battle, be where youre supposed to be when you’re supposed to be there

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