Business Ethics Flashcards
def ethics
discipline concerned with what is morally good and bad + legally right and wrong in human conduct
ethics = a singular or plural noun?
both.
singular = moral correctness // branch of knowledge
plural = moral principles
what is ethics about? (3)
- how we act as individuals
- how we structure companies
- how we structure societies
how are ethical standards shaped (in young people)?
through parents, school
tr + def capital punishment
death sentence
smrtna kazen
tr corporal punishment
telesna kazen
state an example of overlapping ethics and law
tax avoidance - it’s legal, but it’s ethically challenging (especially for the richest of the rich)
def business ethics
set of moral beliefs that guides the decisions and behaviour of an organisation and its individuals
def codifiy (into law)
arrange and accept into legislation
controversial synonym
open to criticism
tr stakeholders
deležniki
what do business ethics cover? (6)
- ethical norms towards stakeholders
- ethical employment practices (genders, ageism)
- interpresonal relations at work (toxic work environment - gossip, discrimination, racism, harassment, exclusion)
- treatment of employees (working environment, regular payment, fair treatment)
- honesty and trustworthiness towards business partners
- environmentally-friendly operations (greenwashing)
def corporate social responsibility
connects the society, workplace, and the environment
def sustainable development
satisfying the needs of the current generation without affecting the future one
def social welfare
a system that aims to provide quality care to society participants
