When Confronted with a Decision on an Action, Managers Should

question 36

Multiple Choice

When confronted with a decision on an action, managers should utilize ________, which includes these four questions: "Is the proposed action legal? If yes, does the proposed action maximize shareholder value? If yes, is the proposed action ethical? If no, would it be ethical to take the proposed action?"

• A) Maslow's hierarchy of needs
• B) the stakeholder's value statement
• C) Frank Gilbreth's code of ethical conduct
• D) Bagley's ethical decision tree
• E) the Sarbanes-Oxley Act of 2002

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Definitions:

Achievement Orientation

A focus on setting and meeting high standards of performance.

Individualism

A belief system that advocates for individual liberties and actions rather than oversight by collective entities or the government.

Ethics

Moral principles that govern a person's behavior or the conducting of an activity, often determining what is good or acceptable in society or a profession.

Myers-Briggs Type Indicator

A psychological assessment tool that categorizes individuals into personality types based on their preferences in perception and decision-making.