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Ethics > Business Ethics > Flashcards

Business Ethics Flashcards

1
Q

Define Ethics

A

Moral principles that govern a person’s behaviour or the conducting of an activity

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2
Q

Define Morals

A

Standards of behaviour; principles of right and wrong

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3
Q

What is Corporate Social Responsibility (CSR)

A

A business considers the impact that its decisions have on us as citizens, it also considers what responsibilities they have towards society as stakeholders

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4
Q

What is Corporate Social Responsibility (CSR) incompatible with

A

CSR principles are incompatible with profit maximisation objectives

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5
Q

Name two ethical businesses

A

Patagonia & H&M

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6
Q

Name three ethical businesses

A

Amazon, Coca Cola & Nestle

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7
Q

What did Solomon say about good values and success

A

There is no contradiction between exhibiting good values and being successful

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8
Q

What did John Donne say about CSR

A

‘No man is an island’

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9
Q

What does ‘no man is an island’ mean

A

You always have an impact

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10
Q

Would Aristotle support good business ethics

A

Aristotle always insisted on communal aspects of ethics and would support good business ethics

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11
Q

Define Polis

A

Our community is our place of work

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12
Q

Define Stakeholder

A

Individuals or groups affected by the activities of an organisation

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13
Q

What are the Seven Principles for Good Business

A

Human Dignity, Common Good, Solidarity, Subsidiarity, Fraternity, Reciprocity, Sustainability

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14
Q

What link does Utilitarianism have to Business Ethics

A

It looks at consequences

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15
Q

What is unethical about Utilitarianism links to Business Ethics

A

It wouldn’t allow something like an oil spill to occur but could justify illegal actions if the end result is good

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16
Q

Would Utilitarianism support the Free Market

A

Supports the Free Market

17
Q

What is a Free Market

A

Price of items is determined by supply and demand

18
Q

What does Kantian Ethics say about duty in relation to Business Ethics

A

‘Duty for duty’s sake’

19
Q

What Kantian Ethics example links to Business Ethics

A

The shopkeeper example

20
Q

Would Kantian Ethics support good business ethics

A

It would support good business ethics

21
Q

What does Kantian Ethics say about a business’ duty

A

It’s a businesses duty to be ethical as it’s the right thing to do

22
Q

Would Kantian Ethics support the Categorical Imperatives

A

It goes against the Second Categorical Imperative

23
Q

What does The First Categorical Imperative state about universalism

A

The First Categorical Imperative states that the use of universalism would have to treat their workers the same

24
Q

Which philosopher would support Kantian Ethics

A

Temple

25
Q

What does Aristotle believe about society

A

Aristotle believes that bonds hold society together

26
Q

Would Kant oppose slavery and why

A

Kant is opposed to slavery as it restricts a person’s autonomy

27
Q

Does Kantian Ethics look at outcomes

A

Kantian ethics doesn’t look at outcomes

28
Q

Define Whistleblowing

A

Reporting misconduct by a superior or co-worker

29
Q

What does Kant believe about whistleblowing

A

Kant believes that we should always whistleblow no matter the consequences

30
Q

What does Whistleblowing believe about whistleblowing

A

Utilitarianism believes that whistleblowing is only justified in certain circumstances

31
Q

Give two whistleblowing examples

A

Chernobyl & the Me Too Movement

32
Q

What does Kant state about loyalty

A

Kant states that we must do our duty and our duty includes loyalty

33
Q

What does Kant state about ‘bad duties’

A

Kant states that you cannot have a bad duty (it is not your duty to do something wrong)

34
Q

What does the Hebrew Bible say about being a long term ethically good business

A

Being an ethically good business pays off in the long run

35
Q

What does the Bible enforce in relation to good Business Ethics

A

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

Ethics (9 decks)

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