Business Ethics Flashcards
Define Ethics
Moral principles that govern a person’s behaviour or the conducting of an activity
Define Morals
Standards of behaviour; principles of right and wrong
What is Corporate Social Responsibility (CSR)
A business considers the impact that its decisions have on us as citizens, it also considers what responsibilities they have towards society as stakeholders
What is Corporate Social Responsibility (CSR) incompatible with
CSR principles are incompatible with profit maximisation objectives
Name two ethical businesses
Patagonia & H&M
Name three ethical businesses
Amazon, Coca Cola & Nestle
What did Solomon say about good values and success
There is no contradiction between exhibiting good values and being successful
What did John Donne say about CSR
‘No man is an island’
What does ‘no man is an island’ mean
You always have an impact
Would Aristotle support good business ethics
Aristotle always insisted on communal aspects of ethics and would support good business ethics
Define Polis
Our community is our place of work
Define Stakeholder
Individuals or groups affected by the activities of an organisation
What are the Seven Principles for Good Business
Human Dignity, Common Good, Solidarity, Subsidiarity, Fraternity, Reciprocity, Sustainability
What link does Utilitarianism have to Business Ethics
It looks at consequences
What is unethical about Utilitarianism links to Business Ethics
It wouldn’t allow something like an oil spill to occur but could justify illegal actions if the end result is good
Would Utilitarianism support the Free Market
Supports the Free Market
What is a Free Market
Price of items is determined by supply and demand
What does Kantian Ethics say about duty in relation to Business Ethics
‘Duty for duty’s sake’
What Kantian Ethics example links to Business Ethics
The shopkeeper example
Would Kantian Ethics support good business ethics
It would support good business ethics
What does Kantian Ethics say about a business’ duty
It’s a businesses duty to be ethical as it’s the right thing to do
Would Kantian Ethics support the Categorical Imperatives
It goes against the Second Categorical Imperative
What does The First Categorical Imperative state about universalism
The First Categorical Imperative states that the use of universalism would have to treat their workers the same
Which philosopher would support Kantian Ethics
Temple
What does Aristotle believe about society
Aristotle believes that bonds hold society together
Would Kant oppose slavery and why
Kant is opposed to slavery as it restricts a person’s autonomy
Does Kantian Ethics look at outcomes
Kantian ethics doesn’t look at outcomes
Define Whistleblowing
Reporting misconduct by a superior or co-worker
What does Kant believe about whistleblowing
Kant believes that we should always whistleblow no matter the consequences
What does Whistleblowing believe about whistleblowing
Utilitarianism believes that whistleblowing is only justified in certain circumstances
Give two whistleblowing examples
Chernobyl & the Me Too Movement
What does Kant state about loyalty
Kant states that we must do our duty and our duty includes loyalty
What does Kant state about ‘bad duties’
Kant states that you cannot have a bad duty (it is not your duty to do something wrong)
What does the Hebrew Bible say about being a long term ethically good business
Being an ethically good business pays off in the long run
What does the Bible enforce in relation to good Business Ethics
The Bible has numerous laws describing what farmers must do to help the poor. For instance, the corners of the field were not harvested by the owner but were left for the poor. Individual stalks that fell from the sickle during the harvest were also left for the poor
