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This module is one of several that provides an in-depth examination of the values included in College of Business Administration's (from the University of Puerto Rico at Mayaguez) Statement of Values. It highlights the features of this value, provides a summary table, and uses the Prisoner's Dilemma to help students visualize the importance and fragility of trust. This module is part of a collection of modules that explores all five values included in the Statement of Values: justice, responsibility, respect, trust, and integrity. It is also developed as part of an NSF-funded project, the EAC Toolkit--NSF SES 0551779 and relates to the ongoing NSF project, GREAT IDEA.

Introduction

Trust is one of five values identified by the College of Business Administration at the University of Puerto Rico at Mayagüez for inclusion in its Statement of Values. These values were identified in a workshop held in 2005. There participants explored values in different codes of ethics, identified the values embodied in the rules they drafted to guide daily conduct, and carried out selection and prioritization activities to refine and reduce a large list of candidate values to five. A committee of stakeholders (administration, faculty, staff, and students) studied the values and wrote out short descriptions of each. Finally, the Statement of Values and its value profiles have been subjected to different challenges. Stakeholders have translated the SOV into Spanish, tested it for comprehensiveness using case studies, and used test results in classes to hone in on conceptual ambiguities. The SOV provides the following formulation of trust:

Recognize that trust solidifies communities by creating an environment where each can expect ethically justifiable behavior from all others. While trust is tolerant of and even thrives in an environment of diversity, it also must operate within the parameters set by established personal and community standards.

This conception of trust as the expectation of moral behavior from others comes largely from Robert Solomon. This module will build on Solomon’s treatment by integrating it with that of Margaret Urban-Walker in her book, Moral Repair: Reconstructing Moral Relations after Wrongdoing . Trust is absolutely essential in constructing moral transactions and building a civilized life. But wrongdoing can disrupt--even destroy--social transactions, leaving civil ruin in its wake. As Urban-Walker explores the different ways to carry out moral repair, the restoration of trust emerges as an essential component. For example, she lists six tasks as constitutive of moral repair. Trust plays an essential role in the following two (MR 28):

  • "Moral repair is served by replenishing or creating trust among individuals in recognition of shared moral standards and in their responsiveness to those standards and support of the practices that express and support them."
  • "Moral repair is served by igniting or nourishing hope that moral understandings and those who are responsible for supporting them are worthy of trust."

Questions & Answers

What is inflation
Bright Reply
a general and ongoing rise in the level of prices in an economy
AI-Robot
What are the factors that affect demand for a commodity
Florence Reply
price
Kenu
differentiate between demand and supply giving examples
Lambiv Reply
differentiated between demand and supply using examples
Lambiv
what is labour ?
Lambiv
how will I do?
Venny Reply
how is the graph works?I don't fully understand
Rezat Reply
information
Eliyee
devaluation
Eliyee
t
WARKISA
hi guys good evening to all
Lambiv
multiple choice question
Aster Reply
appreciation
Eliyee
explain perfect market
Lindiwe Reply
In economics, a perfect market refers to a theoretical construct where all participants have perfect information, goods are homogenous, there are no barriers to entry or exit, and prices are determined solely by supply and demand. It's an idealized model used for analysis,
Ezea
What is ceteris paribus?
Shukri Reply
other things being equal
AI-Robot
When MP₁ becomes negative, TP start to decline. Extuples Suppose that the short-run production function of certain cut-flower firm is given by: Q=4KL-0.6K2 - 0.112 • Where is quantity of cut flower produced, I is labour input and K is fixed capital input (K-5). Determine the average product of lab
Kelo
Extuples Suppose that the short-run production function of certain cut-flower firm is given by: Q=4KL-0.6K2 - 0.112 • Where is quantity of cut flower produced, I is labour input and K is fixed capital input (K-5). Determine the average product of labour (APL) and marginal product of labour (MPL)
Kelo
yes,thank you
Shukri
Can I ask you other question?
Shukri
what is monopoly mean?
Habtamu Reply
What is different between quantity demand and demand?
Shukri Reply
Quantity demanded refers to the specific amount of a good or service that consumers are willing and able to purchase at a give price and within a specific time period. Demand, on the other hand, is a broader concept that encompasses the entire relationship between price and quantity demanded
Ezea
ok
Shukri
how do you save a country economic situation when it's falling apart
Lilia Reply
what is the difference between economic growth and development
Fiker Reply
Economic growth as an increase in the production and consumption of goods and services within an economy.but Economic development as a broader concept that encompasses not only economic growth but also social & human well being.
Shukri
production function means
Jabir
What do you think is more important to focus on when considering inequality ?
Abdisa Reply
any question about economics?
Awais Reply
sir...I just want to ask one question... Define the term contract curve? if you are free please help me to find this answer 🙏
Asui
it is a curve that we get after connecting the pareto optimal combinations of two consumers after their mutually beneficial trade offs
Awais
thank you so much 👍 sir
Asui
In economics, the contract curve refers to the set of points in an Edgeworth box diagram where both parties involved in a trade cannot be made better off without making one of them worse off. It represents the Pareto efficient allocations of goods between two individuals or entities, where neither p
Cornelius
In economics, the contract curve refers to the set of points in an Edgeworth box diagram where both parties involved in a trade cannot be made better off without making one of them worse off. It represents the Pareto efficient allocations of goods between two individuals or entities,
Cornelius
Suppose a consumer consuming two commodities X and Y has The following utility function u=X0.4 Y0.6. If the price of the X and Y are 2 and 3 respectively and income Constraint is birr 50. A,Calculate quantities of x and y which maximize utility. B,Calculate value of Lagrange multiplier. C,Calculate quantities of X and Y consumed with a given price. D,alculate optimum level of output .
Feyisa Reply
Answer
Feyisa
c
Jabir
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Source:  OpenStax, Statement of values. OpenStax CNX. Jul 27, 2013 Download for free at http://cnx.org/content/col11467/1.4
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