Unit Intro Flashcards
(5 cards)
1
Q
Business Ethics
A
The study of business situations, activities and decisions where issues of right and wrong are addressed
2
Q
Morality
A
Concerned with the norms, values and beliefs embedded in social processes which define right and wrong for an individual and community
3
Q
Ethics
A
Study of morality and application of reason to explain rules and principles that determine right and wrong for a given situation
4
Q
Ethical absolutism
A
Eternal and universally applicable moral principles, where right and wrong are objective and can be rationally determined
5
Q
Ethical relativism
A
Morality is a context-dependent situation without inherent universal rights or wrongs
