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Definition
| study of what constitutes right or wrong behavior |
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| right and wrong behavior in the business world |
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| individual examines the situation at hand in light of his moral convictions or ethical standards |
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| individuals should evaluate their actions in light of the consequences that would follow is everyone is society acted in the same way |
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Term
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Definition
| rights theory, or believe that a key factor in determining whether a business decisions is ethical is how that decision affects the rights of others |
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| A philosophical theory developed by Jeremy Bentham based on the greatest good for the greatest number |
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| assessment of the negative and positive effects of alternative actions on these individuals |
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| Corporate social responsibility |
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| the idea that those who run corporations can and should act ethically and be accountable to society for their actions |
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Term
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Definition
| the minimum acceptable standard for ethical behavior |
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