Chapter 4

Question 1

What are business ethics

Answer 1

Principles values and codes of conduct that define acceptable behavior

Question 2

What is an ethical issue

Answer 2

Identifiable problem that requires a person to choose among several actions that may be evaluated as ethical or unethical

Question 3

What are individual values

Answer 3

Sets of principles that describe what a person believes are the right way to behave

Question 4

What is utilitarianism

Answer 4

Believers seek the greatest satisfaction for the largest number of individuals

Question 5

What is deontology

Answer 5

Focuses on the human rights and values on the intentions associated with a behavior

Question 6

What are the codes of ethics

Answer 6

Rules and standards that describe and delegate what the organization expects of its employers

Question 7

What is an ethics audit

Answer 7

A comprehensive evaluation of a firms ethics and compliance program

Question 8

What is whistle blowing

Answer 8

Occurs when employees expose and employers wrong doing

Question 9

What is social responsibility

Answer 9

The obligation of a business to maximize its positive impact and minimize its negative impact on society

Question 10

What is consumerism

Answer 10

Activities undertaken by independent individuals to protect their rights of consumers

Question 11

What is a social audit

Answer 11

Systematic examination of performance of the social responsibility function