Use LEFT and RIGHT arrow keys to navigate between flashcards;
Use UP and DOWN arrow keys to flip the card;
H to show hint;
A reads text to speech;
10 Cards in this Set
- Front
- Back
|
Ethics
|
Hint: This answer comes in two parts 1.) Reflects established customs and morals. 2.) An evolution of the relative accountability of behavior, or conduct. |
|
|
Social Responsibility |
The interaction between business and the social environment in which it exists. |
|
|
Stake Holders |
All those who are affected by or can affect the activities of the organization. |
|
|
What are the 4 primary staples of a company? |
1.) Owner(s) 2.) Customer(s) 3.) Supplier(s) 4.) Employee(s) |
|
|
Social Responsibility (general term) |
Social responsibility is an ethical framework which suggests that an entity, be it an organization or individual, has an obligation to act for the benefit of society at large. |
|
|
Socioeconomic Model of Social Responsibility |
Most Emphasis on: - Meeting consumers needs/wants - Maximising returns to owners of capital Some Emphasis on: - Quality of life - Conservation / environment - Balancing economic and social return - Community interest - Government interest |
|
|
Economic Model of Social Responsibility |
Emphasis on: - Meeting consumers needs/wants - Maximizing returns to owners of capital - Market based decisions - Operating legally |
|
|
Reaction Defense |
- Do nothing - Economic |
|
|
Accommodation Defense |
- Do a lot - Socioeconomic |
|
|
What is the process of an ethical decision? (6 steps) |
1. Define the situation, "carefully" describe the behavior to be judged. 2. Evaluate the behavior from your personal perspective. 3. Collect facts that represent how society would evaluate the behavior. 4. Define the relevant subsociety and collect facts that represent what its' view on the behavior might be. What would they say about this behavior? 5. Look at the behavior from a global perspective. Acceptable or not? 6. Make a final judgement. Ethical (acceptable) or unethical (unacc.)? |
