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Set 2 Defining Business Ethics
N/A
17
Business
Graduate
02/22/2015

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Cards

Term
Deontology
Definition
Action based
Non-consequentialism
Term
Utilitarianism
Definition
Results based
Consequentialism
Term
Virtue based
Definition
Justice, fairness, honesty, loyalty
Term
Conventionalism
Definition
What is traditionally accepted as the way to behave in a society
Keeping with convention
Term
Universal Ethics
Definition
The idea that certain ethics are agreed upon by everyone globally
Term
Post-modern
Definition
Progressive ethics

Changes with the advancement of human development
Term
Personal Rights (Rights Based Ethics)
Definition
Personal or societal viewpoint of what is felt is entitled
Term
Legalism
Definition
What the law of the country says is the ethical standard of the home culture
Term
Contractarianism
Definition
A verbal or written agreement to behave a certain way
Term
Business Ethics
Definition
The Application of ethical standards to business behaviour.
Term
Stakeholder
Definition
Someone with a share or interest in a business enterprise.
Term
Distinct Perspective of business ethics
Definition
A Descriptive summation documenting what is happening
Term
Distinct Perspective of business ethics
Definition
A Normative (or Prescriptive) evaluation recommending what should be happening
Term
Oxymoron
Definition
The combination of two contradictory terms
Term
Stakeholder
Definition
Those with a share or interest in a business enterprise.
Term
Corporate governance
Definition
The system by which business corporations are directed and controlled.
Term
Code of ethics
Definition
A company’s written standards of ethical behavior that are designed to guide managers and employees in making the decisions and choices they face every day
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