Chapter 5 Flashcards
Ethical issues can be ________ and people in organizations have ________ views about right/wrong.
Complex, differing
What traits do ethical managers have?
Honesty/integrity, communicate ethical standards through behavior, fair in decisions and rewards, and kindness and concern for others.
What is the utilitarian approach?
Moral behavior produces the greatest good for the greatest number.
What is the individualism approach?
Acts are moral if they promote the individuals long-term interests.
What is the moral-rights approach?
Humans have fundamental rights and liberties that cannot be taken away by an individuals decision.
What is the justice approach?
Moral decisions must be based on standards of equity, fairness, and impartiality.
What is the practical approach?
Bases decisions on prevailing standards, society, and all stakeholders.
What is corporate social responsibility (CSR)?
Good corporate citizenship, make choices to contribute to society and stakeholders.
What is sustainability?
Economic development that generates wealth and meets the needs of current generation while preserving the environment for future generations.
What are ethical structures?
Systems, positions, and programs like ethics training.
What is the domain of ethics?
Domain of codified law, domain of ethics, domain of free choice.
What is the pre-conventional level of moral development?
Lowest level, follows rules to avoid punishment, acts in obedience for its own sake.
What is the conventional level of moral development?
Lives up to expectations, upholds laws, fulfills duties of social system.
What is the postconventional level of moral development?
Highest level, does good for everyone not just self, follows own principles.
What are the four types of responsibility companies must have?
Discretionary responsibility, ethical responsibility, legal responsibility, economic responsibility.
