Patty, the CEO of an oil drilling company, and her top management team recently discovered that their facilities are damaging an Asian beach and the local wildlife. They understand that they need to decide if temporarily closing or not closing the facility is unethical. To help them make their decision, they consider the following four questions: "Is not temporarily closing the facility legal? If yes, does this proposed action maximize shareholder value? If yes, is not temporarily closing the facility ethical? If no, would it be ethical to take the proposed action?" Patty and her top managers are using ____ to help them make their decision.
A. Bagley's ethical decision tree
B. Maslow's hierarchy of needs
C. the stakeholder's value statement
D. Frank Gilbreth's code of ethical conduct
E. the Sarbanes-Oxley Act of 2002
A. Bagley's ethical decision tree
According to Bagley's ethical decision tree, when confronted with any proposed action for which a decision is required, a manager should ask the following questions: (1) Is the proposed action legal? (2) If yes, does the proposed action maximize shareholder value? (3) If yes, is the proposed action ethical? (4) If no, would it be ethical not to take the proposed action?
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