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Ethical Considerations in Business Decision-Making

UNIT 3 - MILESTONE 3 13/16 X 13/16 & that's 81% RETAKE i 13 questions were answered correctly. 3 questions were answered incorrectly. 1 Why do you think amortizing is an important concept in ethics? Because socializing is necessary for ensuring status quo O Because everyone bears a small cost rather than one individual bearing a large one V Because quid pro quo in ethics is focused on a "reasonable person" O Because limited liability C reduces our choices < UNIT 3 - MILESTONE 3 13/16 X rather than one individual bearing a large one, so risk is spread around. CONCEPT > Shareholders Report an issue with this question 2 V What is the best way for a company to handle stakeholder claims if using a descriptive approach? Look at which stakeholder drives the greater financial interest Develop a model to weigh and balance all interests V O Connect stakeholder management and financial outcomes < UNIT 3 - MILESTONE 3 C What Can further marcial interests 13/16 X RATIONALE A descriptive approach assesses the importance of each stakeholder based on their weight and influence within the company. CONCEPT -> Weighing Stakeholder Claims Report an issue with this question 3 > What conclusion can you draw from the idea of the TBL (triple bottom line)? C Economic benefit is the priority for society. O Companies that earn profits sacrifice other TBL elements. O Externalities of operations are important. <