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Flashcards in Slides Deck (37):
1

Beliefs and standards that incline us to act a certain way

Values

2

Distinguished by the ends they serve

Seek to promote human well being

Ethical values

3

Concerned with the process of ethical reasoning

Principled reasoning

4

Model for ethical decision making -5 steps

A. Understand the facts, identify the ethical issues involved
B. Identify the steakholders and how they will be affected
C. Explore alternatives
D. Consider the consequences
E. make a principled decision

5

Systematic answers to the fundamental question of how human beings should live their lives

Ethical theories

6

Influential in business politics and economics

Determine ethical significance of action by looking at consequences

Utilitarian ethics

7

Challenges to utilitarian ethics

-way to measure happiness
-different versions of good for man
-balance between individual freedom and overall good
-the ends must justify the means

8

-Some things we should and should not do regardless of consequences
-act in a way that our intentions for the act could be made universal

Rights based and kantian ethics

9

Our motives are rooted in character

Seeks full and detailed description of those character traits that would constitute a good and full human life

Virtue ethics

10

Six groups: steakholders

Owners
Employees
Customers and clients
Suppliers
Creditors
He community

11

Ross list of prima face obligations

Justice
Non injury
Fidelity
Veracity
Reparation
Beneficence
Self improvement
Gratitude

12

Five step model for making difficult ethical decisions

1. Classification
2. Identify the conflicts of obligation
3. Ethical assessment of the obligations
4. Selection of ethical viable options
5. Decision on a course of action

13

Blind spots ethical bias prediction

Prediction-action-reflection

People often wrong

14

Should self dominates before and after decision but want self dominates during

Ethical fading

15

Finding ones meaning is the primary driving force for humans

Logotherapy

16

The very essence of human existence

Responsibleness

17

Discover meaning of life by

1. Doing work that matters
2. Loving another
3. Attitude we take toward sufferering

18

Suffering ceases to be suffering the moment it finds a meaning

True

19

Work as a means to a certain ends (needs and desires)

Instrumental value

20

Something that must be endured and avoided

Work as means to an end

Conventional view of work

21

Work diminished human potential

Classical interpretation

22

Work is necessary for obtaining life's pleasures

Hedonistic interpretation

23

Work is the primary activity by which people develop their full potential

Human fulfillment model

24

Individual workers should be free to choose the ends of their work

Middle ground between other two models

Liberal model of work

25

Nature of good and evil

Philosophical ethics

26

Why do people do what the do? Slippery slope

Behavioral ethics

27

Employee privacy is violated when

1. Employers infringe upon personal decisions that are irrelevant to the contract
2. Personal information that is irrelevant to that contract is collected, stored, or used without concept of employee

28

Claims individuals have against other to be treated in certain ways or to receive specific goods

Rights

29

Insure that those who enter the marketplace are playing by the rules -ensures properly functioning market

Gatekeepers

30

Employees who report the ethical misconduct of another employee

Whistleblower

31

Three conditions must be met for whistleblowing to be ethically permissible

1. Real threat of serious harm
2. First seek to prevent harm through internal channels
3. Exhaust all internal procedures for preventing harm

32

Whistleblowing is obligatory when two further conditions are met:

1. Documented evidence to convince Impartial observers that harm is caused
2. Must have good reason to believe that blowing the whistle will prevent the harm

33

Buying or selling stocks and bonds on basis of non public information

Insider trading

34

Arguments criticizing insider trading

1. Unfair to other traders since they lack info
2. Using is unethical
3. Violates trust implied in relationships between firms and employees

35

Financially, socially, environmentally

Sustainability

36

Costs born by external parties

Externalities

37

Constituent to which management is responsible

Stakeholder