iebe mid-2
iebe mid-2
iebe mid-2
SAQ
1) Explain various types of leaders
Ans:
• Autocratic Leader
• Democratic Leader
• Transformational Leader
• Transactional Leader
2) Two needs for business ethics
Ans:
• Enhancing Trust and Reputation
• Ensuring Legal and Regulatory Compliance
3) Ethics dilemma
Ans: An ethical dilemma arises when a person is faced with a decision where two or more ethical
principles conflict, making it challenging to determine the right course of action.
• Fairness: Advertisements should not exploit vulnerable groups or create unfair competition.
• Social Responsibility: Ads should promote values that contribute positively to society.
• Respect for Privacy: Customer data should be used responsibly and not exploited in ads.
• Accuracy: Claims in advertising should be substantiated with evidence to avoid false representation.
5) Code of conduct
A Code of Conduct is a set of guidelines that outlines expected ethical behavior and standards within an
organization, ensuring professionalism, integrity, and compliance with laws. It serves as a framework for
employees to understand what is expected of them in terms of professionalism, integrity, and
responsibility.
LAQs
2a) Ethical principles in business
Ans: 2b in set 2
2b) Absolutism in business ethics
Ans: Absolutism in business ethics means that certain actions are always right or always wrong, regardless
of the situation.
Key Principles:
1. Universal Rules: Certain rules apply to everyone, everywhere.
2. No Exceptions: These rules are never broken, no matter what.
3. Moral Certainty: There is no doubt about what is right or wrong.
Examples:
1. Honesty is always the best policy, even if it hurts.
2. Stealing is always wrong, regardless of the circumstances.
3. Discrimination is never acceptable, no matter what.
Benefits:
1. Clear Guidance: Absolutism provides clear moral guidelines.
2. Consistency: It ensures consistent decision-making.
3. Integrity: It promotes a strong sense of moral integrity.
By following absolutist principles, businesses can maintain a strong moral compass and make ethical
decisions with confidence.