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Terms in this set (132)
Process of Individual Decision Moral Awareness -> Ethical Judgement -> Ethical
Making Behavior
Moral Awareness: More likely to - peers consider it morally problematic
recognize moral issue when? - moral language is used when problem is
presented
- decision could cause serious harm to others
8 steps to sound ethical decision 1. gather facts
making 2. define ethical issue
3. identify affected parties
4. identify consequences
5. identify obligations
6. consider you character and integrity
7. think creatively about potential
actions/alternatives
8. check your gut
Ethics the principles, norms, and standards of conduct
governing an individual or group
ALL behavior is controlled ... intentionally or unintentionally
,intentionally control of behavior -need more intentional control behavior
- educational institutions/work organizations
should teach peeps about ethics and guide
decision making
Ethical Behavior behavior that is consistent w/ the principles, norms,
and standards of business practice that have been
agreed upon by society
ethical judgment takes in Characteristics of Individuals:
consideration..? - cognitive biases
-individual differences
Characteristics of Organizations:
- group/organizational pressures
- organizational culture
Law -reflects society's minimum norms and standards of
business conduct
Business Ethics includes the law but extends beyond it to include
ethical standards and issues that the law does not
address
*many standards of conduct are agreed upon by
society and NOT confided in law
classical economist assume all human behavior is motivated solely by
self interest; humans are purely rational and make
choices based on cost-benefit analysis
behavioral economist found people less rational and more moral than
classical economist assumed
-evidence suggest people act for altruistic/moral
purposes that have little to do with cost-benefit
analysis
, Why is ethics important in business? -most people prefer to work for ethical
organizations
- people want to feel good about themselves and
their work
-employees are more attracted to and committed
to ethical organizations
Why should managers care about -they can be legally liable for criminal activities of
ethics? their subordinates
- if managers don't establish an ethics code
employees may engage in unethical behavior
The Defense Industry and Initiative consortium of US business industry contractors
on Business Conduct and Ethics which subscribes to a set of principles for achieving
high standards of business ethics/conduct
Stakeholders parties who are affected by business and its
actions, and who have an interest in what business
does and how it performs
ex. shareholders, employees, suppliers, gov't
Values one's core beliefs about what is important, what is
valued, and how one should behave across a wide
variety of situations
Organizational Values Statements aim to create a shared sense of purpose among
employees, and to convey something about the
organization's identity to others
Answers | Verified | Latest Update 2026
Save
Terms in this set (132)
Process of Individual Decision Moral Awareness -> Ethical Judgement -> Ethical
Making Behavior
Moral Awareness: More likely to - peers consider it morally problematic
recognize moral issue when? - moral language is used when problem is
presented
- decision could cause serious harm to others
8 steps to sound ethical decision 1. gather facts
making 2. define ethical issue
3. identify affected parties
4. identify consequences
5. identify obligations
6. consider you character and integrity
7. think creatively about potential
actions/alternatives
8. check your gut
Ethics the principles, norms, and standards of conduct
governing an individual or group
ALL behavior is controlled ... intentionally or unintentionally
,intentionally control of behavior -need more intentional control behavior
- educational institutions/work organizations
should teach peeps about ethics and guide
decision making
Ethical Behavior behavior that is consistent w/ the principles, norms,
and standards of business practice that have been
agreed upon by society
ethical judgment takes in Characteristics of Individuals:
consideration..? - cognitive biases
-individual differences
Characteristics of Organizations:
- group/organizational pressures
- organizational culture
Law -reflects society's minimum norms and standards of
business conduct
Business Ethics includes the law but extends beyond it to include
ethical standards and issues that the law does not
address
*many standards of conduct are agreed upon by
society and NOT confided in law
classical economist assume all human behavior is motivated solely by
self interest; humans are purely rational and make
choices based on cost-benefit analysis
behavioral economist found people less rational and more moral than
classical economist assumed
-evidence suggest people act for altruistic/moral
purposes that have little to do with cost-benefit
analysis
, Why is ethics important in business? -most people prefer to work for ethical
organizations
- people want to feel good about themselves and
their work
-employees are more attracted to and committed
to ethical organizations
Why should managers care about -they can be legally liable for criminal activities of
ethics? their subordinates
- if managers don't establish an ethics code
employees may engage in unethical behavior
The Defense Industry and Initiative consortium of US business industry contractors
on Business Conduct and Ethics which subscribes to a set of principles for achieving
high standards of business ethics/conduct
Stakeholders parties who are affected by business and its
actions, and who have an interest in what business
does and how it performs
ex. shareholders, employees, suppliers, gov't
Values one's core beliefs about what is important, what is
valued, and how one should behave across a wide
variety of situations
Organizational Values Statements aim to create a shared sense of purpose among
employees, and to convey something about the
organization's identity to others
