BUSINESS ETHICS AND SOCIAL RESPONSE Flashcards
(84 cards)
It is a branch of philosophy that serves to prescribe and guide acceptable human conduct, delving into the study of morality and examining what is morally right or wrong.
Ethics
It focuses on applying ethical principles within the realm of business.
Business Ethics
It scrutinizes the moral standards applied to business organizations and behaviors.
Business Ethics
According to ______, ethical issues in business can be categorized into three types: systemic, corporate, and individual.
Velasquez (2011)
According to Velasquez (2011), ethical issues in business can be categorized into three types: ______, ______, and ______.
systemic, corporate, individual
Pertains to problems such as the prevalence of corruption within government institutions, necessitate coordinated actions from various social groups like local government, business associations, and regulatory bodies.
Systematic Issues
This pertain to problems that can and should be resolved within the company itself.
Corporate issues
It involve matters that require resolution through individual decision-making and behavioral change.
Individual issues
If a company faces issues with employee punctuality, it requires concerted efforts from both employees and the company to rectify the situation through policies and practices.
What type of issue?
Corporate Issues
______ lack the capacity to discern what is right and wrong. Instead ______ belonging to an organization makes the ethical and unethical decisions.
Organizations, individuals
There are numerous philosophical approaches to the study of ethics, but four major theories stand out, providing frameworks to guide justified decision-making that can be rationally defended: ______, ______, ______, ______.
•Utilitarian Ethics (Consequence-Based)
•Deontological Ethics (Duty-Based)
•Virtue Ethics (Character-Based)
•Ethical Relativism (Culture-Based)
Utilitarian Ethics-______
Deontological Ethics-______
Virtue Ethics-______
Ethical Relativism-______
(Consequence-Based)
(Duty-Based)
(Character-Based)
(Culture-Based)
It revolves around the notion that the greatest good produced must benefit the majority.
Utilitarian Ethics (Consequence-Based)
Actions are evaluated based on their overall benefits and costs.
Utilitarian Ethics (Consequence-Based)
It emphasizes respecting people’s rights and treating them with dignity.
Deontological Ethics (Duty-Based)
This theory posits that the morality of an action is determined by normative rules rather than consequences, as in utilitarianism.
Deontological Ethics (Duty-Based)
This focuses on righteousness and what constitutes a good person.
Virtue Ethics (Character-Based)
This approach centers on an individual’s character in ethical decision-making, prioritizing character traits over consequences (utilitarianism) or duty (deontology).
Virtue Ethics (Character-Based)
It asserts that ethical standards cannot be absolute and applied universally to all individuals across societies. Instead, ethical principles are viewed as relative to cultural norms and practices.
Ethical Relativism (Culture-Based)
It’s commonly assumed that an individual’s values are predominantly shaped during childhood and persist into adulthood. However, as people age and mature, their values undergo significant changes.
Cognitive and Moral Development
_______ level:
Stage 1: Punishment and obedience orientation.
Stage 2: Instrumental relativist orientation.
Pre-conventional
Stage 1: Punishment and obedience orientation, where actions are deemed good or bad based on avoiding punishment.
Pre-conventional level
Stage 2: Instrumental relativist orientation, where individuals realize that certain actions can fulfill personal needs and those of others they care about.
Pre-conventional level
Punishment and obedience orientation, where actions are deemed good or bad based on avoiding punishment.
Stage 1
