BUS 223 Midterm: TEST 1 NOTES
24 Oct 2017
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Chapter 1: stakeholder: anyone who affects or is affected by decisions made within the firm, for better or for worse. The likelihood of losing the case: the likelihood of being challenged in court, the likelihood of settling for financial damages, the financial benefits of taking the action, the ethical implication of the options available. A comparison of those costs: ongoing assessment and review process might have a greater focus on this element because it could involve: Independent monitoring of whistle-blowing or helpline info systems. The ability to recognize a decision or issue and an ethical decision or ethical issue: normative myopia: shortsightedness about values, failure to recognize an ethical issue when it rises, inattentional blindness: results from focusing failures. A critical element of this evaluation will be the consideration of ways to mitigate, minimize, or compensate for any possible harmful consequences, or to increase and promote beneficial consequences: duties, rights, principles (may sometimes cause to override consequences)
