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9 Cards in this Set
- Front
- Back
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Ethics
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the study of what constitutes right or wrong behavior
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Business ethics
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what is right and wrong behavior in the business world
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Ethical reasoning
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a reasoning process in which the individual examines the situation at hand in light of his or her moral convictions
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Categorical imperative
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individuals should evaluate their actions in light of the consequences that would follow if everyone in society acted the same way
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Principle of rights
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a key factor in determining whether a business deccision is ethical is how that decision affects the rights of others
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Utilitarianism
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the greatest good for the greatest number
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Cost-benefit analysis
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an assessment of the negative and positive affects of alternative actions on these individuals
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corporate social responsibility
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those who run corporations can and should act ethically and be accountable to society for their actions
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Moral minimum
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the minimum acceptable standard for ethical business behavior
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