FINALS - THE ETHICAL AND SOCIAL RESPONSIBILITIES OF THE ENTREPRENEUR Flashcards

(9 cards)

1
Q

It is the study of
moral obligation
involving the
distinction
between right
and wrong.

A

ETHICS

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2
Q

refers to the standards
for morally right and wrong conduct
in business.

A

Business Ethics

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3
Q

is legal and ethical the same?

A

no

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4
Q

Ethical behavior,
whether by a person or
business entity, is
influence by any or a
combination of the
following:

A

The situation

Reward system

Individual differences

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5
Q

Is a formal document
indicating the entrepreneurship’s adapted
principles of appropriate behaviour.

A

CODE OF
ETHICS

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6
Q

may be given in the form of cash, gifts, promotio, or citation

A

REWARDS

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7
Q

could take in the form of dismissal, demotion, suspension, or reprimand

A

PUNISHMENT

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8
Q

These persons have undergone special trainings in
ethics.

A

ETHICS REVIEW COMMITTEE

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9
Q

When unethical conduct is committed
and no sanction is imposed by top
management, it can be expected that
more violation of good ethics will be made.

A

TOP MANAGEMENT SUPPORT

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