Ethics Flashcards
1
Q
What are the seven steps to address ethics?
A
Clarify the Ethical Conflict, Identify All Stake Holders, Understand the Circumstances, Identify the Ethical Perspectives, Identify Options of actions, Select Options, Share and Implement the Decision, Review the desired goal and evaluate
2
Q
What is stakeholder theory?
A
the normative claim that the interests of all the parties involved in any transaction ought to be considered in determining how to act ethically.
3
Q
Militon Friedman tought?
A
There is one and only one social responsibility of business….to use its resources and engage in activities designed to increase its profits.
4
Q
What is Professional Accountability?
A
the conduct of the indiividal members of the professions attending to the needs of indiivduals.
