Chapter 1 (Powerpoint) Flashcards
What are personal principles an individual uses to determine what is right and wrong?
Morals
What is the code of behavior that is defined by the group to which an individual belongs?
Ethics
What is a system of rules enforced by a set of institutions?
law
What are acts that conform to the law?
legal acts
What are habits that incline people to do what is acceptable?
Virtues
What are habits of unacceptable behavior?
Vices
Virtues and vices define what kind of system?
personal value system
What is a cornerstone of ethical behavior?
Integrity
What is a conflict of morals where you’re forced to choose between two or more options?
moral dilemma
What is an example of a moral dilemma?
The Trolley Problem
What are 2 trends that have increased the risk of unethical behavior?
1) complex work environments spanning diverse cultures
2) today’s economic climate
Businesses that act unethically risk ____________ and _____________.
financial loss and criminal/civil lawsuits
What describes the moral corruption of people in power?
Bathsheba Syndrome
What does Bathsheba Syndrome refer to?
the biblical story of King David who became corrupted by power
In a company, who is mostly responsible for instances of misconduct?
non-managers
What is the most common form of employee misconduct?
Misuse of company time
Public reputation of a company strongly influences which 4 things?
1) Stock value
2) How consumers regard products/services
3) Government oversight
4) Amount of support received
What is the principle created from the U.S. Supreme Court that states an employer can be held responsible for the acts of its employees?
respondeat superior
Who provides an organization with vision and leadership in the area of business conduct?
Corporate Ethics Officer
What is a code that shows an organization’s key ethical issues and it’s important values and principles?
Code of Ethics
