Textbook Answer Chapter 4 - Instructors Manual Chapter 4 1 Business Professional Ethics for Directors Executives Accountants 5e Leonard J Brooks and

Textbook Answer Chapter 4 - Instructors Manual Chapter 4 1...

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Instructor’s Manual, Chapter 4 1______________________________________________________________________________Business & ProfessionalEthics for Directors,Executives & Accountants,5e,Leonard J. Brooks and Paul DunnSouth-Western, Cengage Learning, Mason Ohio, 2010Instructor’s ManualChapter 4 Practical Ethical Decision MakingLearning objectives ………………………………………………………2Possible teaching approaches, using cases and readings…………………2Answers to questions for discussion…………………………………….. 3Case Notes………………………………………………………………..8Multiple Choice Questions………………………………………………29PowerPoints are in a separate file at Business & Professional Ethics for Directors, Executives & Accountants, 5e, L.J. Brooks & P. Dunn, Cengage Learning, 2010
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Instructor’s Manual, Chapter 4 2______________________________________________________________________________COMMENTS ON CHAPTER 4: APPROACHES TO ETHICAL DECISION MAKING____________________________________________________________________________Learning objectivesThere are many problems which executives and professional accountants will face which will notbe covered explicitly in their company’s code, or in their profession’s code. Moreover, the principles provided in those codes may not be helpful in protecting stakeholder interests or may not lead to a comprehensively ethical decision. As a result, many problems will need to be subjected to further analysis and data gathering for the most ethical solution to emerge. What to consider, and how to put the data together to generate an ethical decision – and hopefully the most ethical decision - is the purpose of Chapter 4. In particular, important points of learning include:a.why traditional philosophical approaches to ethical decision making are so useful,b.why ethical actions need to take stakeholder interests into account,c.what the fundamental interests of stakeholders are,d.how to assess the impact of proposed actions on these interests,e.how to make these assessments comprehensive,f.how to use the approaches outlined and moral imagination to improve unethical decisions, and g.how to deal with problems of the commons.Possible teaching approaches, using cases and readingsMy PowerPoints are available on my website at . They will show the order that I use to develop the material in this chapter. Usually, I begin with a simple case like Kardell Paper Co. or Ford/ Firestone Tire Recallor Betaseronto illustrate the traditional philosophical approaches and the Modified 5-Question Approach to stakeholder impact analysis, and follow on with a discussion of the chapter material. In the second class, I deal with the Pinto Caseand the Moral Standards and Pastin's approaches to stakeholder impact analysis. The Vioxx Decisionscase is a good one for the students to work with as an assignment.
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