Chapter 5 Flashcards
Integrity
Refers to being whole, sound, and in an unimparied conditions; implies a balanced organization that not only makes ethical fiancial decisoins but also is ethical in the more subjective aspects of its corporate culture.
Honesty
Refers to truthfulness or trustworthiness
dishonesty
Lack or abesence of integrity, incomplete disclosure, and an unwillingness to tell the truth
Fairness
quality of being just, equitable, and impartial
Equality
Refers to the fari and even distribution of benefits and resources
Reciprocity
An interchange of giving and receiving in social relationships
Optimization
Trade off between equity and efficiency(Maximum productivity)
Ethical issue
Problem, situation, or opportunuity that requires an individual, group, or organization to choose among several actions that must be evaluated as right or wrong.
Ethical dilemma
Problem, situation, or opportunity that requires an individual, group, or organzation to choose among several actions that have negative outcomes.
Abusive or intimidating behavior
Common ethical problem for employees that may refer to phyiscal threats, false accusations, being annoying, profanity, insults, yelling, harshness, ignoring someone, and unreasonableness.
Lying
Untruthfulness that can be joking without malice, commission lying, and omission lying
Conflict of interest
When an individual must choose whether to advance his or her own interests, those of the organization, or those of some other group.
Active bribery
When the person who promises or gives the bribe commits the offense
Passive bribery
Offense committed by the official who receives the bribe
Facilitation payments
Payments made to obtain or retain business or other improper advantages that do not constitute bribery payments for U.S companies in some situations
Corporate intelligence
Collection and analysis of information on markets, technologies, customers, and competitors, as well as on socioeconomics and external political trends.