Shared Flashcard Set

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CH 5
exam 1
22
Business
Undergraduate 3
02/12/2014

Additional Business Flashcards

 


 

Cards

Term
Corporate culture
Definition
defines employee behavior in the internal environment and how well organization will adapt to the external environment
Term
Ethics
Definition
the code of moral principles and values that govern the behaviors of a person or group with respect to what is right or wrong
Term
Human behavior falls into 3 categories
Definition
domain of codified law, domain of ethics, and domain of free choice
Term
Ethical dilemma
Definition
a situation concerning right or wrong when values conflict
Term
6 approaches to ethics
Definition
utilitarian, individualism, moral rights, justice, virtue ethics, and practical approach
Term
Utilitarian approach
Definition
moral behavior produces the greatest good for the greatest number
Term
Individualism Approach
Definition
acts are moral if they promote the individual’s long-term interest
Term
Moral-Rights Approach
Definition
humans have fundamental rights and liberties that cannot be taken away by an individual’s decision
Term
Justice Approach
Definition
moral decisions must be based on standards of equity, fairness, and impartiality
Term
Virtue Ethics Approach
Definition
moral behavior stems from personal virtues
Term
Practical Approach
Definition
bases decisions on prevailing standards, society, and all stakeholders
Term
what are the 3 levels of moral development
Definition
preconventional, conventional, and postconventional
Term
Preconventional
Definition
follows rules to avoid punishment, acts in own interests, and is obedient for own sake.
Term
Conventional
Definition
lives up to expectations of others, fulfills duties and obligations of social system, and upholds laws.
Term
Postconventional
Definition
follows self-chosen principles of justice and rights, aware that people holds different values, balances concern for individual with concern for common good.
Term
how to challenge the boss on ethics
Definition
Do your research,Begin the meeting by giving your boss the floor, Pay attention to your word choice and demeanor, Take care how you suggest your alternative situation, Be patient
Term
CSR
Definition
management’s obligations to make choices and take actions that will contribute to the welfare and interests of society as well as the organization
Term
Stakeholder
Definition
any group within or outside the organization that has a stake in the organizations performance
Term
Sustainability
Definition
economic development that generates wealth and meets the needs of current generations while saving the environment so future generations can meet their needs as well.
Term
Profit maximizing view
Definition
- advocated by Milton friedman argues, argues that corporations should be operated on a profit oriented basis, with its sole purpose is to increase profits
Term
who advocated the profit maximizing view
Definition
Milton friedman
Term
Code of ethics
Definition
a formal statement of the companies values concerning ethics and social issues.
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