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27 Cards in this Set
- Front
- Back
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free choice
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behavior about which the law has no say and for which an individual or organization enjoys complete freedom
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individualism
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the ethical concept that acts are moral when they promote the individuals best long term interests
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distributive justice
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the concept that different people should not be based on arbitary characteristics. In the case of substantive differences people shoul be treated differently in proportion to the differences among them
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conventional
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people learn to conform to expectations of good behavior as defined by collegues, family, friends, and society.
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pre conventional
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individuals are concerned with external rewards and punishments and obey authority to avoid detrimental personal consequences.
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post conventional
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individuals are guided by an internal set of values based on universal principles of justice and right and will even disobey rules or laws that violate these principles.
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code of ethics
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a formal statement of the organization's values regarding ethics and social issues.
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whistle blowing
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the disclosure by an employee of illegal, immoral, or illegitimate practices by the organization.
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sustainability
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economic development that generates wealth and meets the needs of the current population while preserving the enviroment for the needs of future generations
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The destructive phase of metabloism in which cells break down complex substances into simpler substances with release of energy
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Catabolism
pg 186 |
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economic responsibility
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to produce the goods and services society wants and maximize profits for its owners and shareholders
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ethical responsibility
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behaviors that are not necessarily codified into law and may not serve the corporations direct economic interests
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moral rights approach
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the ethical concept that best maintain the rights of those people affected by them.
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utilarian approach
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the ethical concept that moral behaviors produce the greatest good for the greatest number
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procedutal justice
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the concept that rules should be clearly stated and consistently and impartially enforced.
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compensatory justice
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the concept that individuals should be compensated for the cost of their injuries by the party responsible and also that individuals should not be held responsible.
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legal responsibility
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society deems as important with respect to approriate corporate behavior businesses are expected to fulfill their economic goals with framework of legal requirements imposed by local town councils
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discretionary responsibiltiy
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purely voluntary and is guided by a company's desire to mnake social contributions not mandated by economics, law, or ethics.
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internal locus of control
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the belief by individuals that their future is within their control and that external forces have little influence
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tolerance of ambiguity
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the psychological characteristic that allows a person to be untroubled by disorder and uncertainty
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franchasing
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a form of licensing in which an organization provides its foreign franchisees with a complete package of materials and services
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equity
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fiancing that consists of funds that are invested in exchange for ownership in the company.
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debt
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borrowing money has to be repaid at a later date in order to start a business
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proprietorship
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an incorporated business owned by an individual for profit
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partnership
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an unincorporated business owned by 2 or more people.
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corporation
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an artifical entity created by the state and existing apart from its owners
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codified law
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values and standards are written into the legal system and enforceable in the courts
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