Business Ethics Flashcards
1
Q
Scheme
A
of
2
Q
Internal
A
Assessment:
3
Q
marks
A
for
4
Q
b)
A
Robert
5
Q
c)
A
Krik O Hanson :
6
Q
d)
A
Investopedia :
7
Q
a.
A
Ethical Values
8
Q
b.
A
Code of conduct
9
Q
c.
A
Subjective Term
10
Q
d.
A
Protection of Interest of the Stakeholders
11
Q
e.
A
Respect with dignity
12
Q
f.
A
Proper set-up
13
Q
g.
A
Based on Principles
14
Q
h.
A
Universal Applications
15
Q
i.
A
Self Discipline
16
Q
j.
A
Different Approach from CSR
17
Q
k.
A
Different from Business Law practices
18
Q
a.
A
Ethical Values :-
19
Q
aware
A
about
20
Q
tried
A
its
21
Q
b.
A
Code of conduct :-
22
Q
c.
A
Subjective Term :-
23
Q
based
A
on
24
Q
There
A
are
25
d.
Protection of the Interest of the Stakeholders :-
26
After
attaining
27
protect
the
28
e.
Respect with dignity :-
29
income,
class,
30
f.
Proper set-up :-
31
g.
Based on Principles :-
32
h.
Universal Applications :-
33
on
proper
34
differ
from
35
i.
Self Discipline :-
36
welfare
of
37
social
attitude,
38
very
much
39
one
point
40
j.
Different approach from CSR
41
aspects
of
42
focusing
on
43
k.
Different from Business Law :-
44
1
Survival :-
45
viable
or
46
2
Consumer rights :-
47
will
get
48
3
Welfare of the Society :-
49
of
goods
50
social
welfare,
51
4
Protection of S.S.I. & Cottage Industry:-
52
units
should
53
5
Mutual benefits:-
54
6
Growth and Expansions:-
55
7
Decision making:-
56
will
enable
57
on
moral
58
(v)
It is a branch of
59
(vi)
It formulates harmony in
60
(vii)
Indian scriptures, cultural
61
(viii)
Fair deals in day to day
62
moral
approaches
63
common
–
64
they
carry
65
be
helpful
66
inturn
productivity
67
when
they
68
and
integrity
69
It
brings
70
among
the
71
loyalty
of
72
bring
sincerity,
73
the
outline
74
for
behaviour
75
Code
of
76
while
drafting the code of
77
but
in
78
1)
Customization of Code of ethics:-
79
2)
Employee Involvement:-
80
3)
Consultation with stakeholders:-
81
ethics.
It
82
4)
Careful outsourcing:-
83
there
should
84
5)
Clarity about vision and mission:-
85
level
to
86
and
sincerely.
87
6)
Revision of code:-
88
the
organisation.
89
its
own
90
the
independent
91
To inculcate ethical values throughout organisation.
92
To
93
To inculcate seriousness among employees about administering
94
To built up constant rape or communication and demonstrations
95
To built reinforcement of an ethical culture.
96
It
97
Relating
98
Effective
99
It
100
It
101
It
102
It
103
It
104
It
105
It
106
It
107
1)
Deontological theories which emphasizes more in duly.
108
2)
Teleological ethical theories which focus on consequences.
109
(1)
Deontological theories which emphasize more in duly:-
110
-
Duly without regard to human happiness
111
-
Human being as having the unique capacity for nationality.
112
-
No
113
(2)
Teleological
114
This
is
115
(3)
Utilitarian Approach:-
116
as
a
117
an
action.
118
(4)
Virtue Theory:-
119
this
theory
120
(5)
Modern Virtue Theory:-
121
went
out
122
-
What we ought to do is an obligation.
123
-
This
124
-
‘Ought’
125
-
Virtues can’t be applied for day to day business unconditionally.
126
-
Concealment
127
-
Honesty in business will not be same in other Spheres of Life.
128
(6)
Justice Theory:-
129
-
It is also known as fairness approach.
130
-
All
131
-
Justice depends on principle of equity not on consequences.
132
-
Later
133
-
According
134
-
Each
135
-
Social
136
(7)
Theory of egoism:-
137
-
‘I’ means ego.
138
-
It holds that good is based on pursuit of self-interest approach.
139
-
It counts, harms, benefits and rights for individual welfare.
140
then
students
141
(8)
Theory of Relativism:-
142
-
It inculcates the idea of elements culture.
143
-
It considers that there are no absolute truths in ethics.
144
-
What is morally right or wrong varies from person to person.
145
-
Killing
146
-
Introduction -
147
is
based
148
-
He promoted two principles.
149
*
It
150
-
He stated further:-
151
-
Social
152
-
Social
153
-
There is only one social responsibility is to say, engages in open
154
-
Companies
155
-
avoid
156
-
It
157
-
He proclaimed on Rate of Investment.
158
-
Counterpoint
159
-
Conclusion of this theory:-
160
Introduction:-
161
-
One
162
-
Method for deriving moral rules and guidelines.
163
-
For
164
-
He
165
-
Act
166
-
One can act as per the needs of requirement.
167
-
Treat Humanity always as means as well as an end.
168
1)
Jerry Bentham’s view.
169
2)
J. S. Mill’s view.
170
(1)
J. Bentham’s approach:-
171
-
Recognition the fundamental role of pain and pleasure
172
-
approve or disapprove the action on the basis of above aspects.
173
-
equates good with pleasure and evil with pain.
174
-
Ascertainment of capacity of pleasure and pain.
175
-
Pleasure
176
(2)
J. S. Mill’s view:-
177
-
Hedonism
178
-
Psychological hedonism:-
179
-
Logic of ethical hedonism:-
180
-
The
181
-
Altruism:-
182
-
Person’s
183
is
the
184
law
of
185
be
trustees
186
be
taken
187
-
Be
188
-
Do
189
-
Be
190
-
Be
191
-
Be
192
-
Be faithful towards, society where you operate your business.
193
-
No indulgement in deception, poaching into created wealth.
194
-
No
195
-
Do
196
-
Do
197
-
Do
198
gives
new orientation
199
-
presenting
200
-
The word ‘Satya’ is combination of
201
-
According
202
Ahimsa :-
203
-
It is supreme kind approach and self sacrifice. It is neither denial
204
-
It is non violence in every form.
205
-
It
206
-
It is based on non injury and love.
207
-
It
208
-
Tiny and small sectoral entrepreneurship was promoted.
209
-
micro finance and self help group came into force.
210
-
Initiatives
211
-
Improvement in efficiency
212
-
face the competition
213
-
curbed corruption in the industrial sector.
214
-
Emergence
215
-
Recruitment and selection.
216
-
Training and Development aspect
217
-
Proper placement
218
-
Performance Appraisal at 360
219
-
Promotion
220
-
Compensation
221
(3)
Ethical practices in functional areas :-
222
-
Production process
223
-
Marketing aspects
224
-
Financial areas
225
-
H R Policies
226
(4)
Employee - Rewards and recognition :-
227
can
be
228
form
of
229
(5)
Customer oriented :-
230
(6)
Zero defect Approach :-
231
most
of
232
(7)
Team Spirit :-
233
behind
by
234
(8)
BPR Concept :-
235
(9)
Proper Administrations :-
236
(10)
Good Governance :-
237
-
Balancing interest of company affairs.
238
-
Proper
239
-
Good
240
(11)
Provide Best Work Cultures :-
241
(1)
Corporate Image :-
242
(2)
Customer’s loyalty :-
243
(3)
Competitive advantage :-
244
to
enjoy
245
2
Objectives
246
2.1
Introduction
247
2.2
Ethics in Functional areas
248
2.3
Corporate Governance
249
2.4
Regulatory Framework in India
250
2.5
Summary
251
2.6
Exercise
252
Define the term Ethics in Marketing and Advertising
253
Explain the importance Ethics in Functional Areas.
254
Define the concept Corporate Governance
255
Understand the significant of Corporate Governance.
256
Understand the meaning and Significance of Regulatory
257
2.1
INTRODUCTION
258
its
daily
259
can
be
260
with
the
261
just
by
262
of
good
263
and
breaks
264
a
philosophy
265
All
266
Marketing
267
Advertising is clearly distinguished from news and entertainment
268
Marketers should be transparent about who they pay to endorse
269
Consumers
270
The privacy of the consumer should never be compromised.
271
Marketers
272
Ethics
273
are
two
274
of
a
275
1
Vulgarity
276
2
Misleading information and deception
277
3
Puffery
278
4
Racial issues
279
5
Controversial products (e.g. alcohol, gambling, tobacco etc.)
280
in
introducing
281
Discrimination
282
Sexual harassment.
283
Affirmative Action.
284
Issues
285
Issues
286
Issues affecting the privacy of the employer: whistle-blowing.
287
Issues
288
Occupational safety and health.
289
of
their
290
users
of
291
owe
their
292
Misuse of funds
293
Window dressing of financial statements
294
Insider trading
295
Conflicts of Interests
296
out
of
297
Defective, addictive and inherently dangerous products.
298
Ethical
299
Ethical
300
Product testing ethics.
301
build
corporate
302
can
raise
303
that
cannot
304
there
or
305
way
is
306
Software Piracy
307
Hacking
308
Computer Crimes
309
Viruses
310
Job displacement
311
Digital Divide
312
Nanotechnology and IT
313
Netiquette
314
Cookies and spyware
315
They
must
316
of
IP
317
the
legal
318
only
ones
319
law
gives
320
a
copyrighted
321
The owner must hold a valid copyright.
322
The
323
Duplication
324
There
325
Piracy:
326
Theft:
327
Freebooting:
328
the
stewardship
329
to
the
330
To
331
Corporate
332
To
333
To
334
To
335
(i)
Fulfilling
336
(ii)
Taking
337
(iii)
A
338
(v)
Proper
339
the
earliest
340
the
middle
341
IMF
induced
342
The
final
343
set
up
344
they
occur.
345
and
shareholders,
346
the
single
347
they
have
348
They
force
349
they
put
350
make
consumer-friendly
351
their
companies.
352
in
the
353
there
is
354
global
market.
355
All
this
356
and
practices,
357
work
efficiently,
358
long
turn
359
For
corporate
360
should
include
361
to
prevent
362
size
and
363
and
scale
364
be
formed
365
for
the
366
The
search
367
The
board
368
is
responsible
369
The
board
370
and
maintain
371
the
interests
372
Good
373
Better
374
Better
375
Empirical
376
The
377
High performance Boards of Directors;
378
Accountable management and strong internal controls;
379
Increased shareholder engagement;
380
Better managed risk; and
381
Effectively monitored and measured performance.
382
Establish corporate values and governance structures for the
383
Ensure that all legal and regulatory requirements are met and
384
Establish long-term strategic objectives for the company;
385
Establish
386
Hire
387
Ensure
388
Meet regularly to perform its duties;
389
Acquire adequate training.
390
of
best
391
which
we
392
is
uncertain.
393
an
esoteric
394
The
principles
395
the
conventional
396
Our
Five
397
1
Ethics: Clearly ethical practices applied to the business
398
2
Align
399
3
Strategic
400
4
Organisation:
401
5
Reporting:
402
that
all
403
having a clear and achievable goal
404
having a feasible strategy to achieve it
405
creating an organization appropriate to deliver
406
having in place a reporting system to guide progress.
407
and
governed.
408
is
to
409
a)
Indian Companies Act 1956
410
b)
the directives issued by the security market regulator, SEBI
411
c)
regulators
412
to
board
413
party
transactions,
414
2
Securities
415
SEBI
is
416
3
Standard
417
4
Accounting
418
issues
accounting
419
alia
provides
420
view
of
421
with
the
422
5
Secretarial
423
on
“Meetings
424
not
less
425
In
the
426
of
this responsibility. ii. The considerations as regards remuneration
427
paid
to
428
from
the
429
to
lay
430
on
the
431
the
fact
432
that
they
433
going
on
434
other
than
435
1.)
clause
436
who
is
437
must
have
438
none
of
439
3.)
clause
440
i)
the position of key managerial personnel
441
ii)
employee
442
iii)
Holds
443
iv)
Chief Executive or director, of any non-profit organization.
444
while
appointing
445
(A)
A
446
i.
The
447
the
majority
448
ii:
A
449
in
finance
450
iii.
The
451
iv.
The
452
v.
The
453
of
any
454
vi.
The
455
(B)
Meeting of
456
(C)
Powers
457
4
To
458
1
Oversight
459
2
Recommending
460
3
Reviewing
461
4
Reviewing
462
5
Reviewing
463
6
Discussion
464
and
as
465
rights
include
466
that
a
467
the
creditors
468
of
the
469
the
customer
470
and
laid
471
care
of
472
of
people
473
to
the
474
1
Direction
475
for
instance,
476
actions
of
477
role
has
478
of
company
479
for
board
480
with
concern
481
the
organization.
482
a
product
483
helps
the
484
might
cripple
485
erode
the
486
avoid
risk,
487
decide
to
488
fail.
Good
489
and
there
490
in
order
491
faced
by
492
Ineffective
493
Non-independent
494
Management,
495
Inadequately
496
Ignorance
497
business
and
498
functional
areas
499
bodies
towards
500
2.6
QUESTIONS
