Ethics Flashcards
1
Q
Define ethics
A
The moral principles governing or influencing conduct which is deemed to be acceptable in the society or context in question.
2
Q
What are the three ethical tests?
A
- Transparency
- Effect
- Fairness
3
Q
Describe transparency
A
Does the company mind others knowing about the decision it has made?
4
Q
Describe effect
A
Whom does the decision hurt? Are one or more stakeholder groups receiving a negative outcome?
5
Q
Describe fairness
A
Would the company’s decision be considered fair?
6
Q
What is important about any ethical scenario?
A
To ascertain the facts before making any response
7
Q
What other aspects should be considered?
A
Legality
Confidentiality
Sustainability
Honesty
