Pol213 (Exam 1) - Kt - Chapter 5

Front 1

ethics

Back 1

is the conception of right and wrong conduct that tells us whether our behavior is moral or immoral, good or bad.

Front 2

Ethical principles

Back 2

are guides to moral behavior.

Front 3

Ethical relativism

Back 3

which holds that ethical principles should be defined in the context of various periods in history, a society’s traditions, the special circumstances of the moment or personal opinion

Front 4

Business ethics

Back 4

is the application of general ethical ideas to business behavior

Front 5

U.S. corporate sentencing guidelines

Back 5

which provides a strong incentive for businesses to promote ethics at work.

Front 6

Sarbanes-Oxley Act

Back 6

Born from the ethics scandals at Enron, WorldCom, Tyco, and others, this law sought to ensure that firms maintained high ethical standards in how they conducted and monitored business operations.

Front 7

Ethical egoist

Back 7

a manager or employee who puts his or her own self-interest above all other considerations

Front 8

Conflict of interest

Back 8

occurs when an individual’s self interest conflicts with acting in the best interest of another, when the individual has an obligation to do so.

Front 9

Virtue Ethics

Back 9

developed by Aristotle and the Greeks, which was based on values and personal character. It focuses on character traits that a good person should possess, theorizing that these values will direct the person toward good behavior.

Front 10

Personal spirituality

Back 10

that is a personal belief in a supreme being, religious organization, or the power of nature or some other external, life-guiding force, has always been a part of human makeup.

Front 11

Stages of moral development

Back 11

managers in a company are likely to be at various steps. Since people have different personal histories and have developed their values, character, and spirituality in different ways, they are going to think differently about ethical problems.

Front 12

Utilitarian reasoning

Back 12

an ethical approach that measures the amount of overall good that can be produced by an action or a decision.

Front 13

Human Rights

Back 13

are another basis for making ethical judgements. A right means that some person or group is entitled to do something or to be treated a certain way.

Front 14

Justice

Back 14

a third method of ethical reasoning concerns this.

Front 15

Whistle-blower

Back 15

an employee who speaks with the media or appropriate government agency when they believe their company is acting unethically.

Front 16

Noisy withdrawal

Back 16

meaning that when a lawyer sees evidence of a client company’s committing a material securities law violation and is unable to get the company’s board to stop it, the lawyer must quit and inform the sec that the resignation is for professional considerations.