Chapter 5 Morality & Justice in top hat

Question 1

does this decision positively impact me ?

Answer 1

self bias

Question 2

does the decision positively impact the group?

Answer 2

group bias

Question 3

given I have done all of these great things throughout my life, I can make this decision.

Answer 3

moral credentialing

Question 4

“As a member of the Fisher College of Business Community, I am personally committed to the highest standards of behavior. Honesty and integrity are the foundations from which I will measure my actions. I will hold myself accountable to adhere to those standards. As a future leader in the community and business environment, I pledge to live by these principles and celebrate those who share these ideals.

Answer 4

Fisher honor statement

Question 5

Does ethics = law ?

Answer 5

no

Question 6

Just because its legal, does not mean its right

Answer 6

Just because its legal, does not mean its right

Question 7

3 steps of Paines framework

Answer 7

1. understanding the facts
2. identifying relevant
3. maintain objectivity

Question 8

3 different tests to make sure we maintain objectivity

Answer 8

1. visibility
2. generality
3. legacy

Question 9

If my decision were all over social media and everyone found out about it; would I be comfortable?

Answer 9

Visibility

Question 10

If all other decision makers were put in the same situation, would I be comfortable if they also made the decision that I am about to make?

Answer 10

Generality

Question 11

Years from now, is this how I would like to be remembered by my kids, my family, my friends, and my colleagues?

Answer 11

Legacy

Question 12

act in the best interests of the company and its investors

Answer 12

fiduciary

Question 13

respect property and the rights of those who own it

Answer 13

property

Question 14

keep promises, agreements, contracts, and other commitments

Answer 14

reliability

Question 15

conduct business in a truthful and open manner

Answer 15

transparency

Question 16

respect the dignity of all people

Answer 16

dignity

Question 17

deal fairly with all parties - fair treatment and processes

Answer 17

fairness

Question 18

act as responsible members of the community with respect for law and regulation

Answer 18

citizenship

Question 19

be responsive to the legitimate claims and concerns of others

Answer 19

responsiveness

Question 20

the principles that guide us in determining right from wrong

Answer 20

morality

Question 21

is concerned with the fair treatment and distribution of resources and opportunities in society

Answer 21

justice

Question 22

• suggests that decisions should be evaluated based on the maximization of overall utility for the greatest number of people
• the decision maker would consider the consequences of weighing the benefits and harms for the various stakeholders who are impacted by the decision

Answer 22

utilitarianism

Question 23

• focuses on the action as opposed to the outcome
• emphasizes the importance of adhering to universal principles and moral duties, regardless of the consequences.
• decisions using this framework are guided by rules and obligations that are considered morally right

Answer 23

deontology

Question 24

• emphasizes the development of moral character
• focuses on an individual embodying virtues rather than specific actions or outcomes
  -the expectation is that employees will make decisions based on those values

Answer 24

virtue

Question 25

a cognitive process of justifying or excusing ones actions to align them with our desires

Answer 25

rationalization