Ethics Basics
This term describes decisions guided by morals and values.
What is ethical decision-making?
This is the main reason businesses must consider legal compliance in their decisions.
What is to avoid lawsuits or fines?
Copying a coworker’s project without giving credit is not illegal but is considered this.
What is unethical?
This energy company collapsed due to massive fraud in the early 2000s.
What is Enron?
Plagiarizing a report for your English class.
What is unethical?
A situation with no clear right answer is called this.
What is a moral dilemma?
A company can face both criminal charges and this type of penalty for breaking laws.
What are financial penalties?
A manager hires a family member with no qualifications. This is often criticized as this practice.
What is nepotism?
his blood-testing startup, led by Elizabeth Holmes, faced charges of fraud.
What is Theranos?
A cashier takes $20 from the register.
What is both unethical and illegal?
This type of decision follows the law, even if it’s not necessarily moral.
What is a legal decision?
Insider trading is an example of this type of violation.
What is a legal violation?
An employee discovers their company is polluting a river. Reporting it is an example of this action.
What is whistleblowing?
This shoe company faced backlash over sweatshops in the 1990s.
What is Nike?
A company lies in an advertisement about a product’s abilities.
What is both unethical and illegal?
This type of framework asks, “What helps the most people?”
What is the utilitarian framework?
The U.S. agency that protects consumers from unfair business practices.
What is the Federal Trade Commission (FTC)?
A cashier takes $5 from the register. This act is both unethical and this.
What is illegal (theft)?
This car company was caught cheating emissions tests in 2015.
What is Volkswagen?
A manager hires their cousin instead of a more qualified applicant.
What is legal, but unethical?
Respecting people’s fundamental freedoms is part of this ethical framework.
What is a rights-based framework?
If a business falsely advertises a product, it is violating both ethical standards and this.
What is consumer protection law?
Using company time to run a side business online would violate this type of workplace policy.
What are company ethics or integrity policies?
This bank was fined billions after creating fake customer accounts.
What is Wells Fargo?
Reporting a company for polluting a river.
What is ethical (whistleblowing), but may cause personal risk?