Business Ethics Flashcards
1
Q
ETHICS
A
Deals with what is considered good or bad, moral duty and obligation.
2
Q
BUSINESS ETHICS
A
A set of rules or guidelines that management or individuals follow when making decisions concerned with the treatment of employees, society, stockholders and consumers.
3
Q
The guidelines used when making decisions include:
A
- Domestic and international laws.
- The company’s code of ethics and corporate governance.
- The personal values of the individual making the decision.
4
Q
ETHICAL IMPERIALISM
A
- A view of culture based on the idea that there are certain universal truths or values that are standard across all cultures.
- If something is wrong in one country, it is wrong in all countries.
5
Q
CULTURAL RELATIVISM
A
A view of culture based on the idea that a culture’s different values should be respected, as the ethics of one culture are not better than those of another.
