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17 Cards in this Set
- Front
- Back
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What is Ethics? |
The study if MORALITY |
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What is Morality? |
The standards an individual or group has about what is good or bad and right or wrong |
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What does morality consist of? |
Rules of human behavior and specifies what actions are right or moral and what are wrong or immoral |
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How many moral standards are there in Ethics? |
2 moral standards: 1. Moral Standards Norms or beliefs about what actions are right and wrong and what values are good or bad
2. Non-Moral Standards Benchmarks by which we judge what is good or bad, right or wrong in a Non-Moral way (grammar) |
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What are the five characteristics of moral standards? |
1. Involves significant injury/benefits (Murder, theft, child abuse) 2. Not established by authority figure 3. Should be preferred to one's self interest 4. Based on impartial considerations 5. Associated with special emotions and vocabulary |
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What is a definition of Ethics? |
Values or measures an individual uses to interpret whether a particular action or behaviour is considered acceptable or not |
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What are some questions that can be asked to determine ethics? |
1. Is the behaviour or action consistent with the overall basic duties of the individual in question? 2. Does the behaviour or action acknowledge and respect the underlying rights of all individuals who will be impacted by the action? 3. Would the behaviour or action be considered the best practice in that specific set of circumstances? 4. Does the behaviour or action match the overall entrenched beliefs of the individual? |
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What is a business? |
Any and all economic transactions between:- 1. Individuals 2. Individuals and profit-making organizations 3. Profit-making organizations and other such organizations |
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Business Ethics |
Collective values of a business organization that cam be used to evaluate whether behaviour of members of the organization are considered:- 1. Acceptable 2. Appropriate This means that business ethics is defined by the interaction of ethics and business |
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Uses of Business Ethics |
Used in three main contexts:- 1. Ethics in Business 2. Business ethics as a movement (fighting for a casue) 3. Business ethics as part of the general field of ethics |
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Aim of business ethics |
1. Remedy for those aspects or structures that need to chabne
2. Remedy to protect those aspects or structures that are moral |
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Types of Ethical Issues |
1. Systemic - ethical questions about the social, political, legal or economic system within which companies and government operate 2. Corporate - ethical questions about a particular corporation and it's politics, culture, climate, impact or actions 3. Individual - ethical questions about a particular individual's decidions, behaviour or character |
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Arguments against Business Ethics |
Free market economy - profit ensures maximum social benefit so business ethics not needed Manager's most important obligation - loyalty to company regardless of ethics As long as companies obey the law - they do all that ethics require |
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Arguments supporting Business Ethics |
- Ethics applies to all human beings - Business cannot survive without ethics - Ethics is consistent with profit seeking customets, employees and people in general care about ethics - Ethics does not detract from profits but rather contribute to profits |
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Corporate Social Responsibility |
A corporation's Responsibility established or obligations towards society Example 1. No dumping of toxic material in water Business ethics - A part of corporate social responsibility - A part of the justification for corporate social responsibility |
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New issues in Business Ethics |
1. Advances in information technology - websites - on line chat facilities - violations of one's privacy - emails
2. Increasing connection between - economic systems - social systems Known as "Globalization" (use of cheap labour in other countries, displacement in others) |
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Resolving Cross Cultural Differences |
Theory of Ethical or Moral Relativism - theory which states that there are no ethical standards that are absolutely true and that apply or should be applied to companies and people of all societies |
