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The SAD formula stands for Situation, Action, and Decision. It is a structured approach to ethical decision-making that helps individuals analyze a situation by identifying the ethical issues involved, considering possible actions, and evaluating the implications of those actions. By systematically breaking down a dilemma, the SAD formula aids in clarifying values, understanding consequences, and fostering accountability, ultimately leading to more informed and ethical choices.
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What considerations might provide a reasonable basis for rejecting the use of utilitarianism as an approach to ethical decision making?
happiness can not be measure.
What role might an accounting professional play in ethical corporate decision making?
Accounting professionals can help executive managers set the direction for the company through budgets. Their expertise will help managers guide the organization financially.
What duties might a medical ethicist perform?
A medical ethicist may assist healthcare professionals in making ethical decisions, develop institutional policies and guidelines on ethical issues, educate staff and patients on ethical principles, and conduct research on ethical dilemmas in healthcare.
Are opportunities cost relevant in decision making?
Yes. They might be the optimum answer you are lookiing for. Yes. They might be the optimum answer you are lookiing for.
How might lobbyists affect political decision making and the lives of Canadians?
they could get voted in
What might result in faulty decision making due to group pressure to conform?
groupthink
When is a business decision legal but not ethical?
In business there is no room for ethics. --------------------- An example might be a situation where the law allows you to work your labor for a virtually unlimited number of hours. It's legal but not ethical. Another example might be firing workers who were injured on the job, may be legal but not ethical. Another example, paying women lower pay for the same work, just because they are women. Legal in many cases but not ethical.
Why might an individual with high ethical standards act less ethically in business than in her own personal life?
In business the need to perform, the need to succeed, and other factors sometimes pressure otherwise ethical acting individuals to do things they shouldn't do. Financial pressures can cause a business person to do things that aren't ethical. Sometimes the intentions are to fix it later but sometimes that doesn't happen. It can be hard to admit failure and making some ethically questionable decision or actions might seem to be a possible solution.
Does rational decision making necessarily entail selfishness?
Rational decision-making does not inherently entail selfishness, as it can involve considering the welfare of others and the broader consequences of one's actions. While individuals might make choices that prioritize their own interests, rationality can also encompass ethical considerations and the potential benefits to the community or group. Ultimately, the nature of rationality depends on the values and objectives guiding the decision-maker. Thus, rational choices can be both self-interested and altruistic.
which term describes the process of making an economic decision by considering both the advantages and the problems that might arise from the decision?
Cost-benefits analysis
What factors might result in faulty decision making due to group pressure to conform?
groupthink
What are the ways which a management accountant might contribute to a formal decision making process?
A management accountant might contribute to a formal decision making process by ordering feasibility studies. A management accountant can also tell everyone how much things will cost and how much profit can be made.
