Chapter 2 Flashcards
- is the discipline concerned with what is morally good and bad and morally right and wrong.
Ethics
is a basic set of values and behaviours that are intended
to be embraced by users so they conduct themselves responsibly, in a flawless manner, with honor and integrity.
Code of Ethics
Is a concept that encompasses the social behavior,
institutions, and norms found in human societies, as well as the knowledge, beliefs, arts, laws, customs, capabilities, attitudes, and habits of the individuals in these specific groups.
Culture
The legal rules and regulations guide the businesses to follow
and apply ethics to the business that must be followed.
Law
Different religions and philosophies offer moral codes
and teachings that shape the ethical beliefs and behaviors of
individuals.
Philosophy
Sources of Ethics
- Ethics
- Law
- Philosophy
TYPES OR BRANCHES OF ETHICS IN BUSINESS
- Normative Ethics
- Descriptive Ethics
- Metaethics
- Applied Ethics
This branch of ethics deals with establishing ethical norms and standards for business conduct. It provides a
framework for businesses to follow and guides decision-making
processes.
Normative Ethics
involves the study of how
businesses and individuals actually behave in the real world. It examines existing practices and behavior patterns to analyze
their ethical implications.
Descriptive Ethics
delves into the philosophical aspects of business ethics. It questions the nature of ethical principles, their origin, and their application in business contexts.
Metaethics
concerned with addressing
specific ethical dilemmas that arise in the business environment. It involves the practical application of ethical theories to real-world
situations.
Applied Ethics
