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Business Ethics > Business Ethics > Flashcards

Business Ethics Flashcards

1
Q

Business Ethics

A

are the moral principles that act as guidelines for the way a business conducts itself and its transactions

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2
Q

Business

A

as a part of human society

interaction among institution and people

business should examine from the perspective of morality of actions and transactions

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3
Q

business ethics is part of human society

A

you cannot lived without business and everything is part of business

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4
Q

business is an interaction between instituition and people

A

communication

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5
Q

viewed and examine from the perspective of morality

A

implication of human conduct to business

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6
Q

nature of business

A

it is an old civilization

It is a part of human life

It is a complex enterprise that involves purchasing, manufacturing, marketing, advertising, selling and accounting

Businessman deals with supplier, customer, employeews and even competitors

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7
Q

importance of ethics in business

A

It creates common ground of understanding of what is good and bad in our human conduct. Without ethics what will happen?

Businessman sets their own standards, moral rules and moral principles.

Therefore, subjective morality comes in, wherein what is good for one is bad to others or vice versa

As business leaders, It needs profound examination of issues and problems regarding the flow of business activities

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8
Q

subjective morality

A

setting your own principle or standard

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9
Q

objective morality

A

common standard

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10
Q

myths about business ethics

A

M1- Ethics is a personal affair and not a public debatable matter
M2- Ethics and Business do not mix
M3- Ethics in Business is Relative
M4- Good Business means Good Ethics
M5- Business is a war

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11
Q

Relationship between Ethics and Business

A

Ethics plays a important role in business:

  1. Business is an integral part of human society. Therefore everyone is subjected to moral rules and moral valuation.
  2. What is legal may not necessarily be moral ( death penalty)
  3. Laws are insufficient. Ethics is inprinted in the heart of humanity
  4. Profits versus ethical consequences
  5. Business are not just created for profit, it also look into the interest of the common good.
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12
Q

the framework of moral reasoning

A

Step 1 Ethical issues/problem ( ex. Graft, sexual harassment, theft, bribery)
Step 2 reality check ( gravity of the offense, harm done, number of people affected)
Step 3 Moral Norm/company policy/ethicsl principles ( company rules, violation of rules)
Step 4 Moral judgement /decision/resolution (moral/immoral, legal/illegal)

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13
Q

the framework of moral reasoning

A

steps for us to have good decision making

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14
Q

characteristics of a good moral standard

A

1 One that looks the issue as something serious
2 It must be grounded on good moral arguments. A Good arguments is an arguments that always tell the truth
3 Should be objective not subjective
4 When violated, there is conscience.

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15
Q

requirements for good moral judgement

A

A good moral judgment must be logical
A good moral judgment must be based on facts and solid evidence
A good judgment must be based on sound and defensive moral principles

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16
Q

concept of moral responsibility

A

1 By nature, Man is a Rational Being. It means, man is capable of moral judgment.
2 Man id a Thinking Being. It means , man is aware of the consequences of his actions
3 Man is a Free Being, it means, man has the capacity to exercise his own choice

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17
Q

the disobedience made by Adam and Eve

A

Genesis 3: 1-13

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18
Q

Business Ethics as an applied branch of General Ethics

A

therefore it must be studied from the perspective of Philosophy.

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19
Q

the process of moral reasoning

A

involves the use of metaphysical terminologies and concepts in the light of philosophical abstraction.

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20
Q

philosophical background of business ethics

A

applies logical reasoning and moral standard

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21
Q

philosophical reasoning

A

guided by logical reasoning before making a decision

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22
Q

philosophy is interested with

A

reality
Human experience
It explains the ultimate cause of everything by the use of reason alone
Question/ inquiry

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23
Q

2 divisions of philosophy

A

Theoretical or speculative and practical philosophy

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24
Q

studies the truth to be known which is God, immortality, origin of universe

A

theoretical philosophy

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25
Q

cosmology

A

universe

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26
Q

ontology

A

deals with the nature of existence

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27
Q

metaphysics

A

studies the nature of the mind, the existence

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28
Q

phsychology

A

studies of human and animal behavior

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29
Q

theodicy

A

investigate the nature, being and the attributes of God

30
Q

theory of knowlege

A

epistemology

31
Q

studies truth to be acted upon which is ethics, logic etc.

A

practical philosophy

32
Q

studies the meaning of words and its relation to other words

A

Semantics

33
Q

axiology

A

studies values, origin types and characteristics.

34
Q

aesthetic

A

beauty and perfection

35
Q

correct inferential thinking

A

logic

36
Q

investigate the nature of human act of human conduct

A

ethics

37
Q

what is ethics?

A

Is a practical science of human act
Study of human conduct
It lays down the principles of right living

38
Q

what is ethics and morality

A

Morality refers to the quality of goodness in a human act. Good as moral and bad as immoral.
Ethics studies the standards and judgments which people create

39
Q

Ethics considered as ________ science because it is concerned with the study of norms of human conduct.

A

normative

40
Q

descriptive ethics

A

studies the morality of the people. Comparison on the different values, principles, beliefs and practices.

41
Q

study of human motivation

A

psychological egoism

42
Q

it prescribe how people act ionside their culture

A

cultural relativism

43
Q

meaning of the word

A

metaethics

44
Q

The relationship of ethics to other sciences

A

Ethics/logic-doing follows thinking
Ethics/psychology- how man behaves/how man ought to behave
Ethics/sociology- social order/morasl order
Ethics/ecomonics- study of wages, labor production etc
Ethics/law- moral law/civil law
Ethics/religion- closely related. Goal of life must achieve happiness.
Ethics/etiquette
Ethics/education
Ethics/art

45
Q

nature of human act

A

Free and voluntary
Acts done with knowledge and consent
Acts which are proper to man because of freewill
Conscious and under mans control

46
Q

acts performed with full knowledge and full consent

A

perfect voluntariness

47
Q

imperfect voluntariness

A

actions occur when there is no full knowledge and consent

48
Q

actions that intended for its own sake

A

direct voluntary

49
Q

actions that are not intended for its own sake

A

indirect voluntary

50
Q

determinants of morality

A

The end of the action- purpose of the act
The end of the doer- motive
Circumstances of the act- who, what,where, how, when, why

51
Q

actions having two effects

A

good effect - The action must be morally good in itself
evil effect

52
Q

it is a practical judgment of reason deciding upon a individual act as good and to be followed or as evil and therefore be avoided

A

conscience

53
Q

It reflects what the the thing is in accordance to its nature

A

natural law

54
Q

he believes that the purpose is always good. A good act therefore is what befits the nature of man, and the bad is one that does not befits mans nature.

A

st thomas aquinas

55
Q

agree sequitur esse

A

is ACTION follows being

56
Q

St. Augustine

A

the divine reason or will of God commanding the natural order of things

57
Q

st. thomas

A

divine wisdom directing all actions and movements

58
Q

kantian ethics

A
  1. MORAL RATIONALISM- REASON IS AUTONOMOUS
  2. CATEGORIGAL IMPERATIVE- IT IS AN UNCONDITIONAL OBLIGATION.
59
Q

_______ is “ the be all and end all” meaning, all truths and all knowledge are derived from human reason. Therefore, reason commands and we must obey it without questioning.

A

Reason in Kantian Ethics

60
Q

Any man who tries to do good all the time is bound to come to ruin among the great number who are not good.

A

The Machiavellian Principle (Niccolo)

61
Q

utilitarian ethics

A

puts emphasis and significance on the consequences as a result of an act and completely disregards the motive of an act.

62
Q

it means that property tend to produce benefits, advantage, pleasure and happiness

A

utility

63
Q

moral positivism

A

Behavior is good when it is in accordance with the law and evil if it is forbidden by the state
People are only interest is promoting their own interest.

64
Q

It says that we are guide with the Divine Being

A

Divine Commanded Ethics

65
Q

Ethical egoism -Ayn rand

A

It is the promotion of one’s own good

66
Q

It focuses on the character of the person and the virtues he manifest

A

virtue ethics (medieval philosophers)

67
Q

Epicurianism- epicurus

A

It deals with one’s own practical concerns
Pleasure is what good is and it is the ultimate goal of human life

68
Q

Focuses on the idea and action

A

pragmatism

69
Q

Teaching of Jesus, the ethics of Love, poor-oppressed, honestly, peace-reconciliation, sacrifice-suffering

A

christian ethics

70
Q

The realities of pain in human life. It is intended to relieved suffering. The only cure is spiritual recourse.

A

Buddhism Siddartha Gautama

Business Ethics (1 decks)

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