BUS 311 Excel Chapter 5 2025|
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Terms in this set (44)
The moral principles/values that
Ethics
govern the behavior of individuals.
,When True
considering
international
business, we must
also address the
fact that ethical
standards vary
around the world.
What does Ethical That ethical truths are not absolute
Relativism argue? but differ from group to group.
Holds that ethical standards are
What does Ethical
universal, and firms and individuals
Normativism
should seek to consistently uphold
argue?
them anywhere in the world.
is a dissonance among different
interests. Determining the best course
An ethical of action is confounded by several
dilemma possible solutions that may be equally
justifiable, e.g. intellectual property
protection.
Unethical Takes the form of piracy, bribery, and
behavior corruption.
, ~The practice of obtaining power,
personal gain, or influence through
Corruption illegitimate means.
~It is the abuse of power to achieve
illegitimate personal gain
~Refers to ideas or works created by
individuals/firms. ~Governments aim
Intellectual
to protect intellectual property,
property
however weak legal systems
exacerbate this task.
Means meeting or exceeding the
Global Corporate
ethical, legal, and commercial
Social
expectations of stakeholders, i.e.
Responsibility
being a socially responsible
(CSR)
corporate citizen in the host country.
When firms seek not to maximize profits, but to
develop a CSR optimize them by also benefitting
strategy, they: society and the environment.
COMPLETE EXAM SET (questions
and verified answers)frequently
most tested questions | already
passed!!
Save
Terms in this set (44)
The moral principles/values that
Ethics
govern the behavior of individuals.
,When True
considering
international
business, we must
also address the
fact that ethical
standards vary
around the world.
What does Ethical That ethical truths are not absolute
Relativism argue? but differ from group to group.
Holds that ethical standards are
What does Ethical
universal, and firms and individuals
Normativism
should seek to consistently uphold
argue?
them anywhere in the world.
is a dissonance among different
interests. Determining the best course
An ethical of action is confounded by several
dilemma possible solutions that may be equally
justifiable, e.g. intellectual property
protection.
Unethical Takes the form of piracy, bribery, and
behavior corruption.
, ~The practice of obtaining power,
personal gain, or influence through
Corruption illegitimate means.
~It is the abuse of power to achieve
illegitimate personal gain
~Refers to ideas or works created by
individuals/firms. ~Governments aim
Intellectual
to protect intellectual property,
property
however weak legal systems
exacerbate this task.
Means meeting or exceeding the
Global Corporate
ethical, legal, and commercial
Social
expectations of stakeholders, i.e.
Responsibility
being a socially responsible
(CSR)
corporate citizen in the host country.
When firms seek not to maximize profits, but to
develop a CSR optimize them by also benefitting
strategy, they: society and the environment.
