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Business Ethics Final Exam
Ethics Flashcards
22
Other
Undergraduate 3
05/05/2009

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Term
Legal Rights
Definition
an entitlement that derives from a legal system that permits or empowers a person to act in a specified way or that requires others to act in certain ways toward that person
Term
Moral rights
Definition
rights that human beings of every nationality possess to an equal extent simply by virtue of being human beings
Term
Categorical Imperative
Definition
the requirement that everyone should be treated as a free person equal to everyone else
Term
Moral Responsibility
Definition
A judgment about a person’s moral responsibility for wrongdoing is judgment that the person acted intentionally and so should be blamed, punished or forced to pay restitution
The kind of moral responsibility being discussed is the kind of moral responsibility a person has when we say a person is to blame for something
Term
Moral Responsibility 2
Definition
• A person is morally responsible for an injury or a wrong if
o The person caused or helped cause it, or failed to prevent it when he could and should have
o The person did so knowing what he or she was doing
o The person did so of his own free will
Term
Law of Agency
Definition
a law that specifies the duties of persons who agree to act on behalf of another party and who are authorized by an agreement so to act
Term
Libertarian
Definition
libertarianism - an ideological belief in freedom of thought and speech
Term
Privacy
Definition
the right of persons to determine what, to whom and how much information about themselves will be disclosed to other parties
Term
Discrimination
Definition
the wrongful act of distinguishing illicitly among people not on the basis of individual merit, but on the basis of prejudice or some other invidious or morally reprehensible attitude
Term
Affirmative Action
Definition
a program designed to ensure the proportion of minorities within an organization matches their proportion in the available workforce
Term
Social Identity theory
Definition
In groups you identify with an individual group based on a common characteristic or attribute.
Term
Whistle blowing
Definition
an attempt by a member or former member of an organization to disclose wrongdoing in or by the organization
Term
Due Process
Definition
the right to a fair process by which decision makers impose sanctions on their subordinates
Term
Conflict of Interest
Definition
occur when employees in a certain job have an “interest” that might motivate them t do that job in a way that may not be in the best interests f the firm
Term
Trade Secret
Definition
• Aka proprietary information
• Consist of nonpublic information that
o Concerns a company’s own activities, technologies, future plans, policies or records and that if known by competitors would materially affect the company’s ability to compete commercially against those competitors
o Is owned by the company (although it might not be patended or copyrighted) because it was developed by the company (although it might not be patened or copyrighted) because it was devellopedbyt he company for its private use from resources it owns or was purchased for its private use from others with its own funds
o The company indicates though explicit directives, security measures, or contractual agreements with employees that it does not want tanoyone outside the company to have information
Term
Copyright
Definition
a grant that indicates that a particular expression of an idea is the private peoperty of an individual or company
Term
Intellectual Property
Definition
property that consists of abstractly and nonphysical object
Term
Patented property –
Definition
a second way of creating property rights in intellectual property is through a patent. New inventions of machines, drugs, chemicals or other “compositions of matter” process software programs, no sexually reproduced plants, living material invented by a person, and product designs can also became private properly
Term
Employee Rights (at least 4)
Definition
- Right to consent
- Moral rights
- Freedom of conscience
- Right to privacy
Term
Effects of Group Membership
Definition
- Makes you feel like an insider
- Improves self esteem
- Improves self worth
Term
Obligations of the employee
Definition
Has to follow “law of agency”…The rational view of the firm is that the employee’s main moral duty is to work toward the goals of the firm and avoid activities that might harm those goals. However this doesn’t hold true because of *conflict of interest* if person acts on personal morals.
Term
Obligations of the employer
Definition
Two main issues related to employer obligation: the fairness of wages and the fairness of working conditions. Wages must be freely and knowingly agree to receive in exchange for their services. Working conditions are considered fair based on health and safety standards.
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