In a short essay, list and discuss the decision-making steps in the ethical cycle.
What will be an ideal response?
a. Moral problem statement—must be developed based on the responses of three
conditions: a clear statement of what the moral problem is, an identification of who is affected by the resolution of the moral problem, and the moral issue of the problem
b. Problem analysis—in order to analyze the moral problem, three factors must be
identified: (1) Which stakeholders are impacted by the problem, and how does it impact their own interests? (2) What are the moral values that need to be considered to analyze the problem?; and (3) What are the relevant facts related to the moral problem?
c. Options for action—by presenting these alternative solutions, the decision makers are
able to understand how each alternative can impact the relevant stakeholders
d. Ethical judgment—for each of the options that were presented in the previous step, an
evaluation takes place to see which of the options would be acceptable based on the moral values nd beliefs of the decision makers and the organization as a whole
e. Reflection—it is during the reflection stage that the outcomes from the ethical judgment stage are further evaluated so a definitive course of action can be determined
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Do all of the following except ________ if you must refuse a claim
A) show that you understand the claim B) argue heatedly for your point of view C) explain your refusal D) suggest alternative action E) stick to the facts
"I'll tell you what," said Tim. "I'll buy all my building supplies from your company if you'll make sure your people rent generators from my firm." Tim is proposing:
A. price bartering. B. reciprocity. C. discriminatory selling. D. receivership. E. a tie-in sale.
A special type of partnership formed to carry out a special project or to operate for a specific time period is a:
a. joint venture b. limited partnership c. master limited partnership d. general partnership e. S-corporation
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Indicate whether the statement is true or false