Discuss the six factors or elements that underlie moral reasoning according to Powers and Vogel.
What will be an ideal response?
The first is moral imagination, the recognition that even routine choices and
relationships have an ethical dimension. The second is moral identification and ordering,
which, as the name suggests, refers to the ability to identify important issues, determine
priorities, and sort out competing values. The third factor is moral evaluation, or using
analytical skills to evaluate options. The fourth element is tolerating moral disagreement
and ambiguity, which arises when managers disagree about values and courses of action.
The fifth is the ability to integrate managerial competence with moral competence. This
integration involves anticipating possible ethical dilemmas, leading others in ethical
decision-making, and making sure any decision becomes part of an organization’s systems
and procedures. The sixth and final element is a sense of moral obligation, which serves as
a motivating force to engage in moral judgment and to implement decisions.
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Which internal control procedure is followed when the work of one department acts as a check on the work of another?
a. Segregation of duties b. Safeguarding assets and records c. Independent verifications d. Proper authorizations
The “babble effect” is related to:
a. leader emergence. b. group selection of a leader. c. effectiveness of a leader. d. all of the above.
The stability and flow of goods in global supply chains can be improved by ______.
A. increasing the carbon footprint B. minimizing orders for changes in parts, assemblies, specifications, engineering drawings, and documents C. producing products that are easy to manufacture D. using only local resources
Preferred stockholders hold a claim on assets that has priority over the claims of
A) both common stockholders and bondholders. B) neither common stockholders nor bondholders. C) common stockholders, but after that of bondholders. D) bondholders, but after that of common stockholders.