At Susan's Retirement Party, She Reflected Upon Her Long Career

question 33

Multiple Choice

At Susan's retirement party, she reflected upon her long career in starting up successful companies. She said, "I salute my long-time mentor, Milton, who counseled me early in my career about risk. He told me, 'Susan, when you are confronted with risk when making management decisions, you should

• A) avoid it by any means necessary.'"
• B) eliminate it with a thorough understanding of the consequences of each option.'"
• C) anticipate it, minimize it, and control it.'"
• D) understand there is no way to manage it.'"
• E) not proceed without a liability insurance policy.'"

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Definitions:

Ethical Sensitivity

The ability to perceive and evaluate the ethical aspects of a situation or decision-making process.

Moral Intensity

The degree to which a situation or decision has ethical significance, influencing individuals’ moral judgments and behaviors.

Utilitarianism Rule

A principle in ethics stating that the best action is the one that maximizes utility, often defined in terms of the wellbeing of sentient entities.

MARS Model

A framework describing four factors—Motivation, Ability, Role perceptions, and Situational factors—that affect individual behavior and performance.