Man_4065_Midter - 10/30/2010 Midterm Exam MAN4065 Chapter 1...

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10/30/2010 Midterm Exam MAN4065 Chapter 1 1. Descriptive Ethics: the presentation of facts related to the specific ethical actions of an individual or organization. Used when an observer want to understand the course of events that generated the ethical issue. There is no interpretation of the facts or assumptions concerning why that course of action took place. 2. Analytical Ethics: understanding the reasons a course of action that may have an ethical impact took place. AKA metaethics, moves from the how and when inquiry, to asking why? 3. Normative Ethics: a prescribed course of action that attempts to ensure that ethical behavior will be followed in the future. Moves the evaluation of ethical behavior from the past to future tense. What should be done in the future rather than what was done in the past. 4. Teleological frameworks: focus on the results of the conduct of the individual. Focus on ramifications, positive and negative, resulting from the actions and conduct of individuals. 5. Ethical Egoism: Plato was the father, Thomas Hobbes is credited with its development. Based on the belief that every individual should act in a way to promote himself/herself if the net result will generate, on balance, positive rather than negative results. Derived from latin word efo, which means one’s self. It allows for self-interests to play a role in the action of the individual as long as there are positive benefits. Supports “win-win” proposition. 6. Utilitarianism: developed by Jeremy Bentham in his Introduction to the Principles of Morals and Legislation. Holds the belief that any action of an individual will be based on providing the greatest good for the greatest number of people. Based on principle of utility, where each person’s actions add to the overall utility of the community impacted by those actions. 7. Deontological Frameworks: focus on the duty or obligation in determining whether the actions are right or wrong. Greek word deon which means duty 8. Kant’s Ethics: Immanuel Kant discusses in his book, Foundations of the Metaphysics of Morals(1785), ethical decisions based on the free will of the individual. He argued that the free will to make decisions that were considered rational needed to be converted into a universal will. It attempted to bridge the gap between existentialist and contractarian points of view. Managers should consider only whether the option to do something unethical would be acceptable as a universal will in which any company can do the same act. 9. Self-Respect Principle: seems most similar to dignity principle which is based on the belief that each employees needs to respect the dignity of all individuals.
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10. Reliability Principle: based on the belief that it is the employee’s responsibility to honor the commitments he or she has made to the firm. It is expected that the employees will follow through with the promises and commitments that have been made between the employees and the firms. 11.
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This note was uploaded on 02/29/2012 for the course FIN 4604 taught by Professor Samiquemarch during the Spring '11 term at FIU.

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Man_4065_Midter - 10/30/2010 Midterm Exam MAN4065 Chapter 1...

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