Chapter 3 Flashcards

1
Q

Stakeholders

A

The people whos interests are effected by organizations

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2
Q

External Stakeholders

A

General Eviroment

Task Enviroment

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3
Q

Internal

A

Employees
Owners
Directors

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4
Q

Ethics

A

Standards of right/wrong

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5
Q

Value

A

Permanent

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6
Q

Value system

A

Financial Performance

Employee Relationship

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7
Q

4 Approaches to deciding ethical dilemma

A

UTILITARIAN
INVIDIDUAL
MORAL RIGHTS
JUSTICE

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8
Q

Utilitarian

A

Greatest good to most people

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9
Q

Moral Rights

A

Fundamental Rights

YOU HAVE THE RIGHT TO BE FREE

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10
Q

Justice Approach

A

Guided by respect for impartial standards of fairness

EQUALITY BECAUSE ITS FAIR!!!!!!!!

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11
Q

Sarbanes-Ox of 2002

A

Financial record keeping

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12
Q

Preconventional

A

follows the rules

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13
Q

Conventional

A

follows expectations

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14
Q

Post Conventional

A

guided by internal value

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15
Q

WHISTLEBLOWERS

A

Government tends to protect them

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16
Q

Corporate goverance

A

makes sure they have systems in place to prevent unethical behavior