Briefly explain the concept of virtue ethics.
What will be an ideal response?
Virtue ethics is a tradition within philosophical ethics that seeks a full and detailed description of those character traits, or virtues, that would constitute a good and full human life. An ethics of virtue shifts the focus from questions about what a person should do, to a focus on who that person is. It recognizes that our motivations-our interests, wants, desires-are not the sorts of things that each one of us chooses anew each morning. Instead, human beings act in and from character.
Virtue ethics reminds us to look to the actual practices we find in the business world and ask what types of people are being created by these practices. Many individual moral dilemmas that arise within business ethics can best be understood as arising from a tension between the type of person we seek to be and the type of person business expects us to be.
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Skill-based pay systems do not support empowerment of employees.
Answer the following statement true (T) or false (F)
What is the outcome when a retailer sells counterfeit merchandise?
A. It can be heavily fined through the rulings of the Robinson-Patman Act. B. It is known as the gray market. C. The retailer will lose money once the customers discover the truth. D. It can destroy the relationship with the vendor of the legitimate brand. E. The retailer gains a low profit margin by selling counterfeit goods.
There are two basic directions likely to occur in leader-member exchanges. They are ______.
a. up and down b. inside and outside the organization c. in-group and out-group d. easy and difficult
The primary reason managers are given power is to ______.
a. provide problem-solving for employees b. promote organizational culture c. achieve organizational objectives d. maximize profits