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Ethics Exam 3
N/A
24
Business
Undergraduate 2
12/11/2012

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Term
Employee Rights
Definition
Right to privacy, right to work, right to safe working condition, right to adequate pay, right of due process
Term
Purpose of Compensation (Employer)
Definition
Ensure productive, loyal, and stable workforce
Motivate employees
Link effort/output to pay
Maintain competitive price levels
Term
Purpose of Compensation (Employee)
Definition
Stable income flow
Maintain/enhance standard of living
Accomplish family goals
Term
Variable Cost Compensation
Definition
Direct labor
Sales Commissions
Bonuses or other revenue-based forms
Term
Fixed Cost Compensation
Definition
Indirect labor and all other payments for labor
Term
Due Process in the Constitution
Definition
Fifth Amendment: No person shall be deprived of life, liberty, or property, without due process of the law

Fourteenth Amendment:
No state shall deprive any person of life, liberty, or property, without due process of the law.
Term
Procedural Due Process
Definition
"How"

How the government can lawfully go about taking away a person's freedom or property when the law otherwise gives them the power to do so

Were the rules and processes followed?
Is the law applied fairly to all?
Does the law presume guilt or is it too vague?
Term
Substantive Due Process
Definition
"Why"

General rights to give power to the individual to possess or do certain things, despite the governments desire to the contrary

Was the law itself reasonable?
Was appropriate government justification used in punishing the individual?
Term
Elements of Procedural Due Process
Definition
Right to a fair trial, right to be present at trial, right to impartial jury, right to be heard in one's defense
Term
Advantages of Procedural Due Process
Definition
Speed
Cost
Individually-tailored outcomes
Control by parties, not courts
Confidentiality
Flexibility
Internationalization
Term
Disadvantages of Procedural Due Process
Definition
Equal protection
Enforcement
Public Access
Regulation
Term
Planning for Procedural Due Process
Definition
Predict the types of problems
Assess the procedural risks
Quantify the desired outcomes
Allocate adequate resources for success
Formalize program goals and policies
Seek broad support for program
Term
Implementing Procedural Due Process
Definition
Rigorous case examination
Required participation
Extensive training
Effective program evaluation
Review and revise the program
Term
Where can organizations regulate employee behavior?
Definition
During work hours on the job
After work hours on work premises
Off work premises
At home
Term
When can firms limit worker rights?
Definition
During the hiring process
During the period of employment
After separation from the firm
Term
Seven Step Ethics Program
Definition
1. Standards and procedures, such as codes of ethics, that are reasonably capable of detecting and preventing misconduct
2. High-level personnel who are responsible for an ethics and compliance program
3. No substantial discretionary authority given to individuals with a propensity for misconduct
4. Standards and procedures communicated effectively via ethics-training programs
5. Establishment of systems to monitor, audit, and report misconduct
6. Consistent enforcement of standards, codes, and punishment
7. Continuous improvement of the ethics and compliance program
Term
Code of Conduct vs. Code of Ethics
Definition
Code of Conduct: formal statements that describe what an organization expects of its employees
Code of ethics: consists of general statements that serve as principles and the basis for the rules of conduct
Term
Six Sigma
Definition
A methodology used to manage process variations that cause defects, defined as unacceptable deviations from the mean or target and to systematically work toward managing variation to eliminate those defects
Term
Balanced Scorecard
Definition
Management system that focuses on all the elements that contribute to organizational success including financial, customer, market and internal process
Term
Triple Bottom Line
Definition
A measure both in number and in words of an organization's economic, environmental, and social performance
Term
Steps of Ethical Decision Making
Definition
1. What's the dilemma?
2. Identify outcomes and consequences
3. Apply frameworks (stakeholder analysis)
4. Make decision
Term
Goodpaster
Definition
Threats:
Rationalization
Detachment
Unhealthy focus on a goal
Term
Stages of Corporate Ethical Development
Definition
Amoral
Legalistic
Responsive
Emerging Ethical
Ethical
Term
Levels of Corporate Social Responsibility
Definition
Economic
Legal
Ethical
Philanthropic
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