Question

8. You started a new full-time job a few weeks ago and you just learned that your family owns part of a business that provides services to your employer. What should you do?

Quit your job immediately.

Disclose the conflict of interest to your manager.

Report the situation to a third-party committee.

9. Which of the following signs indicate weak ethical culture in an organization? Select ALL relevant signs.

The company has a channel for employees to report misconduct anonymously.

Employees are encouraged to do whatever it takes to achieve their goals.

Individuals often rationalize their behavior by saying “everybody does it.”

The company assesses the ethical conduct as part of employee performance evaluation.

It’s not necessary to do anything.

10. Select the FALSE statement on the five ethical approaches to decision making.

Based on the justice approach, you should treat people differently to provide the greatest good for the greatest number.

Based on the common good approach, Individuals should take actions that positively impact society.

Different ethical approaches to decision making might be in conflict with each other.

The rights approach promotes concepts such as the right of privacy, the right to the truth, and the right to what is agreed.

Answer 1

Answer to 8:

In the above case I will disclose the conflict of interest to manager.

Conflict of interest: Situation in which a person or organization is involved in multiple interests, financial or otherwise, and serving one interest could involve working against another. Typically, this relates to situations in which the personal interest of an individual or organization might adversely affect a duty owed to make decisions for the benefit of a third party.

Answer to 9:

Every company should create a culture of ethics. It shows how an organization demonstrates and teaches the extent to which it regards its values.

The company has a channel for employees to report misconduct anonymously - Strong ethical culture

Employees are encouraged to do whatever it takes to achieve their goals - Weak ethical culture

Individuals often rationalize their behavior by saying “everybody does it.” - Strong ethical culture

The company assesses the ethical conduct as part of employee performance evaluation - Strong ethical culture

It’s not necessary to do anything - Weak ethical culture

Answer to 10:

The false statement for ethical approaches to decision making are:

Different ethical approaches to decision making might be in conflict with each other.