Describe the Questions That a Manager Should Ask Under the Practical

question 33

Essay

Describe the questions that a manager should ask under the practical rule to decide if a business decision is acceptable on ethical grounds.
Under the practical rule a business decision is probably acceptable on ethical grounds if a manager can answer yes to each of these questions:
• Does my decision fall within the accepted values or standards that typically apply in business activity today?
• Am I willing to see the decision communicated to all people and groups affected by it-for example, by having it reported in newspapers or on television?
• Would the people with whom I have a significant personal relationship, such as family members, friends, or even managers in other organizations, approve of the decision?

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Definitions:

Shaded Area

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Z-scores

Standard scores that indicate how many standard deviations an element is from the mean of its distribution.

Average Score

The sum of all the numerical values in a set divided by the number of values in the set, representing the central tendency.

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A component, trait, or aspect that is subject to alteration or modification.