FINAL EXAM 4 SG PT 3 Flashcards
codes of conducts matter because if a company follows their own code of conduct then they can
protect themselves when there are issues with employees
can employers use an employees social media against them
employers use personal social media platforms in hiring decisions, there is ethical uncertainty around this
corporations can and should act ethically and be
accountable for thier acitons in society
managements job is to please stakeholders but htey also have
an unsaid duty to adhere ot the triple bottom line and assume corporate social responsibility
what is an example of CSR (corporate social responsibility )
tylenol after murders, they recalled their entire product, lost market share, and had engineers design new safety features
the foreign corrupt practices act was passed after nixon and watergate, this prevents
bribing foreign officials for business who have the power to give you a deal
what can be done under the foreign corrupt practices act
can bribe foreign officials who have power to get the project done with grease money
what cannot be done under the foreign corrupt practices act
cannot bribe foreign officials who have power to give you the deal
what accounting and reporting requirements are there
must be reported in accounting to provide reasonable assurance that all transactions are accounted for and legal. these requirements assist in detecting illegal bribes, prohibits false statements or entries
best action is the one that will result in the greatest amount of good for the most people
utilitarianism
human beings havecertain fundamental rights and ethical decisons depends on how the rights of people are affected
principles of rights
weighs costs of a given action against the benefits
cost benefit analysis
action should be evaluated in terms of what would happen if everyone in the same situation acted the same way
categorial imperative
sharing of resources
peer to peer networking
market value of the good reputation of a business
goodwill
