Which of the following is part of the final step in an ethical decision making process

Fill-In1.The ________________ sought to reform corporate governance practices inlarge U.S. public companies.

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2.One way to tackle ethical dilemmas is to follow a(an) _________________process.

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Short Answer1.A global study of business ethics, published by the American ManagementAssociation found what three reasons for a lapse of business ethics?

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2.What is the purpose of the Sarbanes-Oxley Act?

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3.What is the importance of ethical behavior among managers in anorganization?

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4.What are the steps to ethical decision-making?

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Comprehension/Knowledge)©2013 Flat World Knowledge, Inc.21

Which of the following is part of the final step in an ethical decision making process

Chapter 02 - Ethical Decision-Making: Personal and Professional Contexts

2-1

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Chapter 02

Ethical Decision-Making: Personal and Professional Contexts

True/False Questions

1. The first step in making decisions that are ethically responsible is to consider all of the

people affected by a decision, the people often called stakeholders.

Answer: False

Difficulty: Easy

Learning Objective: 02-01

Topic: A Decision-Making Process for Ethics

Bloom’s Taxonomy: Remember

AACSB: Ethics; Analytic

Page: 47

Feedback: The first step in making decisions that are ethically responsible is to determine the

facts of the situation.

2. There is a role for science and theoretical reason in any study of ethics.

Answer: True

Difficulty: Easy

Learning Objective: 02-01

Topic: A Decision-Making Process for Ethics

Bloom’s Taxonomy: Remember

AACSB: Ethics; Analytic

Page: 47

Feedback: Given the general importance of determining the facts, there is a role for science

(and theoretical reason) in any study of ethics.

3. A person who acts in a way that is based upon a careful consideration of the facts has acted

in a more ethically responsible way than a person who acts without deliberation.

Answer: True

Difficulty: Medium

Learning Objective: 02-01

Topic: A Decision-Making Process for Ethics

Bloom’s Taxonomy: Understand

AACSB: Ethics

Page: 48

Feedback: A person who acts in a way that is based upon a careful consideration of the facts

has acted in a more ethically responsible way than a person who acts without deliberation.

4. In the ethical decision-making process, the issue identification step always follows the fact

gathering step.

Answer: False

Difficulty: Easy

Learning Objective: 02-01

Topic: A Decision-Making Process for Ethics

Test Bank for Business Ethics Decision Making for Personal Integrity and Social Responsibility 3rd Edition by Hartman

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What is the final step in ethical decision making process?

Step 7: Evaluate the decision The final test of any decision is whether or not the problem was fixed.

What are the 7 steps to ethical decision making?

A 7-STep Guide to Ethical Decision-Making.
State the problem. ... .
Check the facts. ... .
Identify relevant factors (internal and external)..
Develop a list of options. ... .
Test the options. ... .
Make a choice based on steps 1-5..
Review steps 1-6..

What are the 5 steps of ethical decision making?

A Framework for Ethical Decision Making.
Identify the Ethical Issues..
Get the Facts..
Evaluate Alternative Actions..
Choose an Option for Action and Test It..
Implement Your Decision and Reflect on the Outcome..

What are the 6 steps in the ethical decision making process?

Understanding Ethics.
Know the Facts. Before tackling an ethical issue, clearly define the nature of the challenge. ... .
Identify the Required Information. You don't know what you don't know. ... .
List the Concerns. ... .
Develop Possible Resolutions. ... .
Evaluate the Resolutions. ... .
Recommend an Action..