BUSINESS ETHICS Flashcards
during this stage, the young adolescent becomes more conscious of his or her image and identity
interpersonal concordance
he believed that the primary purpose of business is neither personal benefit nor the accumulation of profit
Ronald F. Dusca
a business unit where the manager is also the owner
sole proprietorship
an artificial being created by operation law, having the right to succession and the powers, attributes, and properties expressly authorized by law or incident to its existence
corporation
the establishment of this business is thru common fund with the intention of dividing the profits among themselves
partnership
it is an autonomous and duly registered organization of persons, with a common bond of interest, who have voluntarily joined together to achieve their social, economic, and cultural needs
cooperative
the one who owns enough productive assets that can live comfortably on the income generated by assets
businessperson
the one who is not afraid to undertake new ways to accomplished something
entrepreneur
who said that the only responsibility of a business is to make profit as one stays within the rules of the game
milton friedman
an economist who presume that the intention to provide goods and services for human fundamental than profit making intention
paul f. camenisch
a theory asserts that the basis of the goodness and badness of an act is the human agent itself– the one who decides to act, the subject of action
ethical subjectivism
he saw the direct effects of confucianism in chinese economy in his study
max weber
it became an opportunity for those in positions of power to exploit millions of untouchables who were brainwashed into thinking that escaping from their station in life was impossible
caste system
it maintains that there are moral principles that have universal validity regardless of time, space and culture
moral objectivism
Julie venture into a business to become independent (subjective reason or objective reason)
subjective reason
mr. juan loves to complete that’s why he put up a business (subjective reason or objective reason)
subjective reason
a firm management uses all his effort to make the enterprise gain more profit to continue serving its clients (subjective reason or objective reason)
objective reason
it is the standards of proper or acceptable behaviour
norms
refers to the reasons that motivate the individual to put up a business
subjective reason
the reason why something is done or used
purpose
the reason for doing something
motive
came from the greek word ethose which means “character, habit, dwelling place”
ethics
may refer to ones character which is product of what one does regularly or repeatedly
ethos
study of moral problems, practical reasoning, right and wrong, good and bad
ethics
used to refer to one’s disposition, character, temperament, manner, custom, or the proper behaviour in society
morality
pertains to the rightness or wrongness of an act
morality
means something that you imagine
vision
something thought of as important or useful
values
a specific task with which a person or group is charged
mission
moral rules or benefits that help you know what is right and wrong
principles
the rules indicating the proper and polite way to behave
etiquette
subject not only concerned about describing the facts
ethics as prescriptive subject
define as a set of principles and rules used by the professional organizations
professional code of ethics (pce)
an attempt to translate the general norms into the specific context of the particular profession
professional code of ethics (pce)
Investigate the rightness or wrongness of human action
ethics
focuses mainly on the investigation of the sources of our ethical principles
metaethics
ethical principles that we can use to judge whether our actions are right or wrong
normative ethics
Investigate morally debatable issues
applied ethics
exploring the rightness and wrongness of the business activities and the conduct of the businesspersons and professionals
business ethics
the oldest among the major religions of the world
Hinduism
hindu derived from the name
sindhu
supreme being
brahman
a sanskrit word which literally means “knowledge”, the center of hindy teachings
Veda
the oldest among the hindu sacred scriptures
rig veda
the most influential in the formation of hindy philosophy
unpanishads
priest and scholars who exercise spiritual powers
brahmins or brahmans
the administrator and the military who exercise secular powers
Kshatriyas
businesspeople and farmers whose role is to produce the material needs of the society
vaisyas
the peasants and workers who are supposed to serve the higher castes
sudras
the lowest member of the society
untouchables
originated from India
Buddhism
who founded buddhism
Siddhartha Gautama
buddha means
the enlightened one
the most important principles of Buddhism
four noble truth
is not a religion but more of a body of philosophical teachings
confucianism
originated chinese philosophical and religious thoughts
confucianism
the center of confucianism
ren
usually translated as “property”
li
literally means “submission” and it pertains to submission to god
islam
the founder of islam
Mohammad
islamic ethics mainly based on
shariah
the sacred law or the islamic legal/social system
shariah
islam holy book
Qur’an
life of the prophet
sunnah
the declaration of death faith in one god
shahadah
obligatory prayers–facing the direction of mecca
salat
islamic tax
zakat
fasting in the month of Ramadan
sawm
pilgrimage to mecca
hajj
birthplace of the prophet Muhammad
mecca (Saudi Arabia)
means lawful
halal
means unlawful
haram
the oldest among the major monotheistic religions
Judaism
worlds largest religion
Christianity
the center of Christian faith
Jesus Christ
the center teaching of Christianity
holy bible
a descriptive claim that ethical practices differ among cultures
cultural relativism
he believed that moral reasoning develops in stages with each stage building upon the previous one
Lawrence Kohlberg
