Chapter 8 Ethics--Part 2

Front 1

Moral rights

Back 1

Important, Justifiable claims or entitlements. Do not depnd on a legal system to be valid. Right that we ought to have based on moral reasoning.

Front 2

Negative Right

Back 2

The right to be left alone. The right to think and act free from coercion of others

Front 3

Positive Right

Back 3

A right to something, such as a right to food, to health care, to clean air, to a certain standard of living or eduction.

Front 4

Opacity

Back 4

A condition in which business activities and practices remain obscure or hidden from outside scrutiny and review.

Front 5

Principle of Justice

Back 5

Involves the fair treatment of each person. Called "Fairness Principle"

Front 6

Principle of Rights

Back 6

Rights cannot simply be overridden by utility. A right can be overridden only by another, more basic or important right. Morality from the point of view of the individual or group of individuals.

Front 7

Principle of Utilitarianism

Back 7

A Consequential Principles or Teleological Principle. If the consequences are good, the action or decision is considered good. If the consequences are bad, the action or decision is considered wrong.

Front 8

Procedural Justice

Back 8

The Fair decision-making procedures, practices or agreements.

Front 9

Process Fairness

Back 9

Used to describe ethical due process. 3 Factors affect whether process fairness has been achieved: 1) EE been given input to decision? 2) EE believe the decision were made and implemented in an appropriate manner? 3) EE are watching to see how managers behave.

Front 10

Rights

Back 10

Conforming with or conformable to justice, law, or morality:

Front 11

Risk Assessment

Back 11

Review processes designed to identify and monitor conditions and events that may have some bearing on the company;'s exposure to compliance/misconduct risk and to review company methods for dealing with these concerns.

Front 12

Servant Leadership

Back 12

An approach to ethical leadership and decision making based on the moral principle of serving others first. Example: AF Motto

Front 13

Teleological Theories

Back 13

Theories that focus on the consequences or results of the actions they produce

Front 14

Transparency

Back 14

The full, accurate, and timely disclosure of information

Front 15

Utilitarianism

Back 15

"We should always act so as to produce the greatest ration of good to evil for everyone.

Front 16

Virtue Ethics

Back 16

Rooted in the thinking of Plato and Aristotle, focuses on the individual becoming imbued with virtues (eg honesty, fairness, truthfulness, benevolence, non malfeasance. Referred to as an aretaic theory