CIEE business ethics midterm Flashcards
During the first world war, __ ___ did business with the two sides of the war
Juan March
Juan March was an important backer of the 1936 military rebellion against the ____ ____, which led to the Civil war in Spain
Spanish Republic
foundation of philanthropy and sciences, produces world-class exhibitions and concerts that are free, important foundation dedicated to the development of cultural and scientific enhancement in Spain
Juan March foundation
(perspective) some commercial activity is based on pure self-interest; purpose of any business is to serve the self-interest of the shareholders; deception and lying are permissible in business
Business ethics as an oxymoron
____ ___ is the study of business situations, activities, and decisions where issues of strategies/business rights and wrongs are addressed
business ethics
There is considerable overlap between ethics and the __
Business ethics begins where the __ ends
law
____ is about the norms, values, and beliefs embedded in social processes which define right/wrong for and individual/community
Morality
____ studies morality and applies reason to elucidate specific rules/principles that determine morally acceptable courses of action
ethics
Globalization: engaging developing countries in a so-called race to the ___
bottom
_____ ____ are accused of exploiting workers in developing countries, destroying the environment, pit developing countries against each other
multinational corporations
(case for CSR)
Sometimes it is profit-maximization ‘under the cloak of social responsibility’ ; when the main reason is profit, the criticism is that CSR legitimizes corporate activity and consolidate the power of large corporations
Business case for corporate social responsibility
Corporation defined
independent from those who work in them, manage them, invest in them, or receive products or services from them
_____ ____ have traditionally been the main obstacles to worldwide connections between people
territorial borders
(case for CSR)
Many regard corporations to have a moral responsibility to deal with the negative externalities they cause (pollution, resource depletion, community problems) ; corporations should use their power and resources responsibly in society; corporations rely on the contribution of a wide set of constituencies, they should also take the interests and goals of them into consideration
Moral case for corporate social responsibility
Corporations are ‘____ ___’ in the eyes of the law
artificial persons
______ _________ oblige corporations to do what is right, just, and fair even when they’re not compelled to do so by the legal framework. Required of all corporations
ethical responsibilities
In _____ ____, companies see responsible behavior as an opportunity to generate profits while also living up to society’s expectations
contemporary CSR
In ______ ____, it’s integral to core business and once the profit is generated, the company distributes some of the value created to projects and causes that are important to stakeholders
traditional CSR
____ ____ state the company’s values, beliefs, and goals with regard to its social environment
Social policies
Major firms include ____ objectives in their mission statements and other corporate policies
social
___ ____ can be traced by looking at concrete changes that the corporation has achieved through the programmes implemented
social programs
Sustainability defined
the long-term maintenance of systems according to environmental, economic, social considerations
