BUSINESS ETHICS Flashcards

1
Q

during this stage, the young adolescent becomes more conscious of his or her image and identity

A

interpersonal concordance

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2
Q

he believed that the primary purpose of business is neither personal benefit nor the accumulation of profit

A

Ronald F. Dusca

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3
Q

a business unit where the manager is also the owner

A

sole proprietorship

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4
Q

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

A

corporation

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5
Q

the establishment of this business is thru common fund with the intention of dividing the profits among themselves

A

partnership

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6
Q

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

A

cooperative

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7
Q

the one who owns enough productive assets that can live comfortably on the income generated by assets

A

businessperson

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8
Q

the one who is not afraid to undertake new ways to accomplished something

A

entrepreneur

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9
Q

who said that the only responsibility of a business is to make profit as one stays within the rules of the game

A

milton friedman

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10
Q

an economist who presume that the intention to provide goods and services for human fundamental than profit making intention

A

paul f. camenisch

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11
Q

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

A

ethical subjectivism

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12
Q

he saw the direct effects of confucianism in chinese economy in his study

A

max weber

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13
Q

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

A

caste system

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14
Q

it maintains that there are moral principles that have universal validity regardless of time, space and culture

A

moral objectivism

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15
Q

Julie venture into a business to become independent (subjective reason or objective reason)

A

subjective reason

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16
Q

mr. juan loves to complete that’s why he put up a business (subjective reason or objective reason)

A

subjective reason

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17
Q

a firm management uses all his effort to make the enterprise gain more profit to continue serving its clients (subjective reason or objective reason)

A

objective reason

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18
Q

it is the standards of proper or acceptable behaviour

A

norms

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19
Q

refers to the reasons that motivate the individual to put up a business

A

subjective reason

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20
Q

the reason why something is done or used

A

purpose

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21
Q

the reason for doing something

A

motive

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22
Q

came from the greek word ethose which means “character, habit, dwelling place”

A

ethics

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23
Q

may refer to ones character which is product of what one does regularly or repeatedly

A

ethos

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24
Q

study of moral problems, practical reasoning, right and wrong, good and bad

A

ethics

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25
Q

used to refer to one’s disposition, character, temperament, manner, custom, or the proper behaviour in society

A

morality

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26
Q

pertains to the rightness or wrongness of an act

A

morality

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27
Q

means something that you imagine

A

vision

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28
Q

something thought of as important or useful

A

values

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29
Q

a specific task with which a person or group is charged

A

mission

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30
Q

moral rules or benefits that help you know what is right and wrong

A

principles

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31
Q

the rules indicating the proper and polite way to behave

A

etiquette

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32
Q

subject not only concerned about describing the facts

A

ethics as prescriptive subject

33
Q

define as a set of principles and rules used by the professional organizations

A

professional code of ethics (pce)

34
Q

an attempt to translate the general norms into the specific context of the particular profession

A

professional code of ethics (pce)

35
Q

Investigate the rightness or wrongness of human action

A

ethics

36
Q

focuses mainly on the investigation of the sources of our ethical principles

A

metaethics

37
Q

ethical principles that we can use to judge whether our actions are right or wrong

A

normative ethics

38
Q

Investigate morally debatable issues

A

applied ethics

39
Q

exploring the rightness and wrongness of the business activities and the conduct of the businesspersons and professionals

A

business ethics

40
Q

the oldest among the major religions of the world

A

Hinduism

41
Q

hindu derived from the name

A

sindhu

42
Q

supreme being

A

brahman

43
Q

a sanskrit word which literally means “knowledge”, the center of hindy teachings

A

Veda

44
Q

the oldest among the hindu sacred scriptures

A

rig veda

45
Q

the most influential in the formation of hindy philosophy

A

unpanishads

46
Q

priest and scholars who exercise spiritual powers

A

brahmins or brahmans

47
Q

the administrator and the military who exercise secular powers

A

Kshatriyas

48
Q

businesspeople and farmers whose role is to produce the material needs of the society

A

vaisyas

49
Q

the peasants and workers who are supposed to serve the higher castes

A

sudras

50
Q

the lowest member of the society

A

untouchables

51
Q

originated from India

A

Buddhism

52
Q

who founded buddhism

A

Siddhartha Gautama

53
Q

buddha means

A

the enlightened one

54
Q

the most important principles of Buddhism

A

four noble truth

55
Q

is not a religion but more of a body of philosophical teachings

A

confucianism

56
Q

originated chinese philosophical and religious thoughts

A

confucianism

57
Q

the center of confucianism

A

ren

58
Q

usually translated as “property”

A

li

59
Q

literally means “submission” and it pertains to submission to god

A

islam

60
Q

the founder of islam

A

Mohammad

61
Q

islamic ethics mainly based on

A

shariah

62
Q

the sacred law or the islamic legal/social system

A

shariah

63
Q

islam holy book

A

Qur’an

64
Q

life of the prophet

A

sunnah

65
Q

the declaration of death faith in one god

A

shahadah

66
Q

obligatory prayers–facing the direction of mecca

A

salat

67
Q

islamic tax

A

zakat

68
Q

fasting in the month of Ramadan

A

sawm

69
Q

pilgrimage to mecca

A

hajj

70
Q

birthplace of the prophet Muhammad

A

mecca (Saudi Arabia)

71
Q

means lawful

A

halal

72
Q

means unlawful

A

haram

73
Q

the oldest among the major monotheistic religions

A

Judaism

74
Q

worlds largest religion

A

Christianity

75
Q

the center of Christian faith

A

Jesus Christ

76
Q

the center teaching of Christianity

A

holy bible

77
Q

a descriptive claim that ethical practices differ among cultures

A

cultural relativism

78
Q

he believed that moral reasoning develops in stages with each stage building upon the previous one

A

Lawrence Kohlberg