Ethics Business Exam

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.1 Define “ethics” as described in our textbook:
Ethics refers to our efforts to figure out what we should do and how we should live. It involves the challenge of figuring out how to justify our behavior both to ourselves and others.

3 Who are the most important stakeholders in the following examples in our textbook? 1. Tylenol : Doctors, nurses, mothers, fathers and children. 2. Novo Nordisk : People with diabetes 3. GE Healthcare in India: Heath care providers 4. Merck: Members of society and to provide good to people in need around the world.
4. An employee is accused of altering a company’s financial ledgers. Upon questioning, the employee exclaims that he was only following the supervisor’s orders. The employee is using which justification for his unethical behavior?
Distancing from responsibility
5. What are the 3 ways to avoid rationalizations?
First the generalizability test; which states to make similar decision when confronted with similar issues. Next the publicity test; this test aims to make sure one can defend their reason, simply is it just and can it be defended. The last test is the reversibility test; this suggests putting one in another’s shoes. Do onto others as you would have done to you.

6. What are the 3 Decision Guidelines named in the textbook? 1. Stranded to conduct 2. From virtue ethics to character and relationships 3. Purposes and consequences

9. What are the 3 Levels of the Stakeholder Framework? 1. Value proposition of the organization 2. Principles of stakeholder cooperation 3. Respect for societal standers of conduct.
10. In the case study about Merck, for what disease were they asked to provide medication?
River blindness
11. What are Kohlberg’s 6 Stages of Moral Development? 1. Pre-convectional – Punishment and obedience - individual instrument purpose and exchange. 2. Convectional - mutual Interpersonal expectations and relationships conformity - law

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