Lesson 1 Flashcards
BUSINESS ETHICS AND SOCIAL RESPONSIBILI TY
What is Ethics?
Moral principles that govern a person’s behavior or conducting of an activity
People’s awareness of right and wrong
4 Sources of Ethics
Law
Religion
Morals
Norms
What are Laws?
Rules developed by governments to provide balance in society and protection for its citizens
Religion
Belief in and worship of a superhuman controlling power, personal God or gods
Promote ethical and unethical behavior
Moral
relating to what is right and wrong in human behavior
Immoral
person who conscientiously goes against accepted morals
Amoral
shows no concern about morally right or wrong behavior
Norms
expectations or rules of behavior and thoughts based on shared beliefs within a specific cultural or social group
Social Norms
Unspoken rules that goven how people interact with others
Formal Norms
codified and may enforced by sanction
face consequences if not followed
Group Norms
unspoken or explicit rules that a group has for acceptable things of its members
Cultural Norms
standards that govern behavior in a particular society
Code of Ethics
Set of rules and principles designed to encourage ethical conduct among a group of professionals
Ethical
know right from wrong
know when practicing one before the other
Ethical Dilemmas
Situations where there is a difficult choice between two or more options, neither resolves the situation in a manner that is consistent with accepted ethical guidelines
