Chapter 2: Business Ethics Flashcards
Duty to Rescue
You do not owe a legal duty but you owe an ethical duty
Culture
Business owner sets the ethical direction of the business (Chik-fil-A)
Religious
Concerns teachings and practices of what is right/wrong, good/bad, virtous/vicious, from a religious point of view
Professional Code of Ethics
Designed to help professional with transacting business with honesty and integrity
Duncan v. State Board of Accountancy
Couple going through divorce and Duncan continues to do tax returns while having relationship with wife; Ruling established that the accountant violated the rule of ethics because he should have disclosed/obtained permission from husband to do work
Hippocratic Oath
Requires that medical people treat patients to the best of their ability (criminals)
Utilitarian Theory
Looks at the consequences/outcome of the decisions; Result oriented goal; Views slavery as okay because it allows for rest of people to prosper
Rights Theory
Concerned with the reason for the action; People’s rights must be valued and protected; Slavery is incorrect because it violates people’s rights
Which theory does the USA govern under?
Rights theory
Whistleblower
A person who sounds the alarm when wrongdoings occur; Can be seen as martyrs or traitors
Whistleblower Protection Act of 1989
Protects federal employees who report fraud, waste, and fraud within the government
PA & Whistleblowers
State has a law the provides no employer may discharge or retaliate against an employee because of a good faith report
Keveney v. Missouri Military Academy
Employee fired for reporting abuse within academy; Ruling established that employee is allowed to pursue a wrongful discharge action because his failure to report it would be an illegal act
Sexual Harassment
A form of gender discrimination
Quid Pro Quo
Employee is expected to give into sexual demands or suffer the loss of a benefit