BUSINESS ETHICS Flashcards
(78 cards)
during this stage, the young adolescent becomes more conscious of his or her image and identity
interpersonal concordance
he believed that the primary purpose of business is neither personal benefit nor the accumulation of profit
Ronald F. Dusca
a business unit where the manager is also the owner
sole proprietorship
an artificial being created by operation law, having the right to succession and the powers, attributes, and properties expressly authorized by law or incident to its existence
corporation
the establishment of this business is thru common fund with the intention of dividing the profits among themselves
partnership
it is an autonomous and duly registered organization of persons, with a common bond of interest, who have voluntarily joined together to achieve their social, economic, and cultural needs
cooperative
the one who owns enough productive assets that can live comfortably on the income generated by assets
businessperson
the one who is not afraid to undertake new ways to accomplished something
entrepreneur
who said that the only responsibility of a business is to make profit as one stays within the rules of the game
milton friedman
an economist who presume that the intention to provide goods and services for human fundamental than profit making intention
paul f. camenisch
a theory asserts that the basis of the goodness and badness of an act is the human agent itself– the one who decides to act, the subject of action
ethical subjectivism
he saw the direct effects of confucianism in chinese economy in his study
max weber
it became an opportunity for those in positions of power to exploit millions of untouchables who were brainwashed into thinking that escaping from their station in life was impossible
caste system
it maintains that there are moral principles that have universal validity regardless of time, space and culture
moral objectivism
Julie venture into a business to become independent (subjective reason or objective reason)
subjective reason
mr. juan loves to complete that’s why he put up a business (subjective reason or objective reason)
subjective reason
a firm management uses all his effort to make the enterprise gain more profit to continue serving its clients (subjective reason or objective reason)
objective reason
it is the standards of proper or acceptable behaviour
norms
refers to the reasons that motivate the individual to put up a business
subjective reason
the reason why something is done or used
purpose
the reason for doing something
motive
came from the greek word ethose which means “character, habit, dwelling place”
ethics
may refer to ones character which is product of what one does regularly or repeatedly
ethos
study of moral problems, practical reasoning, right and wrong, good and bad
ethics
