MGT 3303 - Chapter 4 questions with
verified answers already passed
ethics
the moral principles and standards that guide our behavior
Edward Freeman
-developed the stakeholder theory: stresses the interconnected relationships between a
business and its customers, suppliers, employees, investors, communities and others who have
a stake in the organization; if we get purpose right then profits will follow
ethical issue
situation, problem, or opportunity in which an individual must choose among several actions
that must be evaluated as morally right or wrong
business ethics
moral principles and standards that guide behavior in the world of business
moral philosophy
Principles, rules, and values people use in deciding what is right or wrong
, universalism
all people should uphold certain values that society needs to function
egoism
individual self-interest is the actual motive of all conscious action
utilitarianism
the greatest good for the greatest number should be the overriding concern of decision makers
relativism
Bases ethical behavior on the opinions and behaviors of relevant other people
virtue ethics
what is moral comes from what a mature person with "good" moral character would deem right
Caux round table
international organization of senior business executives aiming to promote ethical business
practice; work for the common good
verified answers already passed
ethics
the moral principles and standards that guide our behavior
Edward Freeman
-developed the stakeholder theory: stresses the interconnected relationships between a
business and its customers, suppliers, employees, investors, communities and others who have
a stake in the organization; if we get purpose right then profits will follow
ethical issue
situation, problem, or opportunity in which an individual must choose among several actions
that must be evaluated as morally right or wrong
business ethics
moral principles and standards that guide behavior in the world of business
moral philosophy
Principles, rules, and values people use in deciding what is right or wrong
, universalism
all people should uphold certain values that society needs to function
egoism
individual self-interest is the actual motive of all conscious action
utilitarianism
the greatest good for the greatest number should be the overriding concern of decision makers
relativism
Bases ethical behavior on the opinions and behaviors of relevant other people
virtue ethics
what is moral comes from what a mature person with "good" moral character would deem right
Caux round table
international organization of senior business executives aiming to promote ethical business
practice; work for the common good
