FINALS - THE ETHICAL AND SOCIAL RESPONSIBILITIES OF THE ENTREPRENEUR Flashcards
(9 cards)
It is the study of
moral obligation
involving the
distinction
between right
and wrong.
ETHICS
refers to the standards
for morally right and wrong conduct
in business.
Business Ethics
is legal and ethical the same?
no
Ethical behavior,
whether by a person or
business entity, is
influence by any or a
combination of the
following:
The situation
Reward system
Individual differences
Is a formal document
indicating the entrepreneurship’s adapted
principles of appropriate behaviour.
CODE OF
ETHICS
may be given in the form of cash, gifts, promotio, or citation
REWARDS
could take in the form of dismissal, demotion, suspension, or reprimand
PUNISHMENT
These persons have undergone special trainings in
ethics.
ETHICS REVIEW COMMITTEE
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.
TOP MANAGEMENT SUPPORT