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Definition
| accepted principals of right or wrong governing the conduct of business people |
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| a strategy, or course of action, that does not violate the accepted principals of right or wrong governing the conduct of businesspeople |
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| foreign corrupt practices act |
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Definition
| a US law outlawing the paying of bribes to foreign government officials to gain business. |
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| convention on combatting bribery of foreign public officials in international business transactions |
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Definition
| OECD convention that obliges member states to make the bribery of foreign public official offense |
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| the idea that businesspeople should consider the social consequences of economic actions when making business decisions and that theres should be a presumption in favor of decisions that have both good economic and social consequences. |
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| a situation in which none of the available alternatives seems ethically acceptable |
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| the values and norms shared among an organizations community |
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| the belief that ethics are culturally determined and that firms should adopt the ethics of the cultures in which they operate |
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| the belief that a multinational's home-country standards of ethics are the appropriate ones for companies to follow in foreign countries |
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Definition
| asserts that if a manager of a multinational sees that firms from other nations are not following ethical norms in a host nation, that manager should not either |
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Term
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Definition
| these approaches to ethics hold that the moral worth of actions or practices is determined by their consequences |
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Definition
| the belief that people should be treated as ends and never as means to the ends of others |
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Term
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Definition
recognize human beings have fundamental rights and privileges that transcend national boundaries and cultures
(twentieth century theories) |
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Term
| universal declaration of human rights |
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Definition
a UN document that lays down the basic principals of human rights that should always be adhered to.
(ratified by almost every country) |
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Definition
| a distribution of economic goods and services that is considered fair and equitable |
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Definition
| a business's formal statement of ethical priorities |
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Definition
| the individuals or groups that have an interest, stake, or claim in the actions and overall performance of a company |
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Definition
| people who work for or own the business, such as employees, directors, and stockholders |
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Term
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Definition
| the individuals and groups that have some claim on the firm, such as customers, suppliers and unions |
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