Ch. 3 Ethics Flashcards
The quandary people find themselves in when they have to decide if they should act in a way that might help another person or group, even though doing so might go against their own self-interest.
Ethical Dilemma
The inner guiding moral principles, values, and beliefs that people use to analyze or interpret a situation and then decide what is the right or appropriate way to behave.
Ethics
The people and groups that supply a company with its productive resources and so have a claim on and a stake in the company.
Stakeholders
An ethical decision is a decision that produces the greatest good for the greatest number of people.
Utilitarian Rule
An ethical decision is one that best maintains and protects the fundamental or inalienable rights and privileges of the people affected by it.
Moral Rights Rule
An ethical decision distributes benefits and harms among people and groups in a fair, equitable, or impartial way.
Justice Rule
An ethical decision is one that a manager has no reluctance about communicating to people outside the company because the typical person in a society would think it is acceptable.
Practical Rule
The willingness of one person or group to have faith or confidence in the goodwill of another person, even though this puts them at risk.
Trust
The esteem or high repute that individuals or organizations gain when they behave ethically.
Reputation
Standards that govern how members of a society are to deal with each other on issues such as fairness, justice, poverty, and the rights of the individual.
Societal Ethics
Standards that govern how members of a profession are to make decisions when the way they should behave is not clear-cut.
Professional Ethics
Personal values and attitudes that govern how individuals interact with other people.
Individual Ethics
An ethics officer who monitors an organization’s practices and procedures to be sure they are ethical.
Ethics Ombudsman
A metaphor alluding to the invisible barriers that prevent minorities and women from being promoted to top corporate positions.
Glass Ceiling
Asking for or forcing an employee to perform sexual favors in exchange for receiving some reward or avoiding negative consequences.
Quid Pro Sexual Harassment