Business Ethics Final Flashcards
Just Cause
Firing can only be done for reasons judged to be legitimate (theft, absenteeism, intoxication, substandard performance, downturn in business)
Just cause problems
Economic inefficiency, managerial inefficiency, unnecessary
National Labor Relations Act
(NLRA) prohibits employers form creating unions
Employment at Will (EAW)
EAW denies due process, rationality and fairness
EEOC (equal employment opportunity commission)
EEOC says employers can impose appearance policies and dress codes on all employees, as long as its not religious or ethnic discrimination
Pay equity for women
Equal pay act of 1963 prohibits pay discrimination based on gender
Sexual harassment
behavior is what constitutes harassment. When one is seeking sexual ends without concern for person, typically produces unwanted/unpleasant response
Interface carpet
From product sales to whole-product-life servicing. Is attempting to revolutionize the industry by taking responsibility for production-to-end-of-use loop in its entirety
Interface carpet steps
- eliminate waste 2. benign emissions 3. renewable energy 4. closing the loop 5. resource efficient transportation 6. sensitivity hookup (help people become aware) 7. redesign commerce to transform the industry
Sustainability
not using more resources than we can replace. critics say our resourcefullness will allow us to pursue other means if we run out
intrinsic
having value in itself, we value it for its own sake
negative externalities
cost imposed on a third party without their knowledge or consent
Arguments against free market view
1.externality of pollution often not accounted for 2. lack of markets for such goods as endangered species and scenic vistas 3. lack of tradable property rights for clean water, oceans, atmosphere 4. inability of future generations to represent their own interest in todays markets
Cost benefit analysis critique
1.certain decisions might be right even though its benefits do not outweigh cost 2. there are good reasons to oppose efforts to put dollar values on non-marketed benefits and costs 3. since there are many situations where you would not use CB, and many things should not be commodified, its best not to use it
Triple bottom line accounting
taking into account 3 lines: social, economical, envrionmental