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9 Cards in this Set

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Stephen Hume - ITB Period 1 Flash-Cards
www.cram.com/flashcards
Ethics
Moral principles by which people conduct themselves personally, socially, or professionally.
Business Ethics
Rules based on moral principles about how businesses and employees ought to conduct themselves.
Code of Ethics
Set of guidelines for maintaining ethics in the workplace.
Sweatshop
Shop or factory in which workers are employed for long hours at low wages and under unhealthy conditions.
Conflict of Interest
Conflict between self-interest and professional obligation.
Ethical Questions
Is it against the law? Does it violate company or professional policies?
Even if everyone is doing it, how would I fell if someone did this to me?
Am I sacrificing long-term benefits for short-term gains?
Ethical Decision Making Process
1. Identify the ethical dilemma
2. Discover alternative actions
3. Decide who might be affected
4. List the probable effects of the alternatives
5. Select the best alternative
Social Responsibility
Duty to do what is best for the good of society.