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BUSINESS ETHICS > M6 > Flashcards

M6 Flashcards

1
Q

an ideology or set of
principles that helps us to
interpret our everyday
reality

A

belief system

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2
Q

belief system could be in the form of

A

religion
political affiliation
philosophy
spirituality

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3
Q

how does belief system apply

A
  • ethical responsibility
  • environmental responsibility
  • philanthropic responsibility
  • economic responsibility
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4
Q

Engagement in fair
business practices.

A

ethical responsibility

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5
Q

Engagement in
environmentally
friendly practices

A

environmental responsibility

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6
Q

give back to the communities they exist in and donate to causes that align with their company mission

A

philanthropic responsibility

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7
Q

making financial decisions that prioritize doing good, not just making more money

A

economic responsibility

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8
Q

the most widely practiced religion in the world, with more than 2 billion followers.

A

christianity

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9
Q

centers on beliefs regarding the birth, life, death and resurrection of Jesus Christ

A

Christian faith

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10
Q

takes a positive view of physical and human creation, and sees God as deeply concerned with the ethical behavior of humans

A

christian ethics

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11
Q

emphasizes a sense of justice in business such as strict adherence to contracts, compliance with regulations, and working for the benefit of the common good.

A

christian ethics

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12
Q

human dignity and concern for people and the environment are crucial

A

environmental responisbility

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13
Q

“Laudatu Si”

A

Praise be to you

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14
Q

a worldwide wake up call to help humanity understand the destruction that man is rendering to the environment and his fellow maNkind

A

praise be to you

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15
Q

Christians ought to focus on how business impacts individuals, the workers in particular. They should be well-paid and they should find their work meaningful and inspiring

A

economic responsibility

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16
Q

economic responsibility

A

*Puts heavy value on
quality of produce
*Always practice
transparency and honest
in dealings

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17
Q

core of Christian teachings

A

Charity and Philanthropy

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18
Q

buddhism is an example of

A

philantrophic responsibility

19
Q

Founded on the teachings
of Siddhartha Gautama,
who is called “Buddha” or
“the enlightened one”

A

buddhism

20
Q

Siddhartha Gautama,
who is called “Buddha” or

A

the enlightened one

21
Q

who is called “Buddha” or
“the enlightened one”

A

Siddhartha Gautama

22
Q

In business, Buddhists are
guided by the following
principles:

A
  • The goals should be defined
  • The principle of cause and effect should be followed
  • Empathy and compassion for the customers have to be developed
  • Be flexible, innovative and mindful of impermanence
  • Respect
23
Q

meditation and the observance of moral precepts

A

ethical responsibility

24
Q

what responsibility talks about the practice of mindfulness has many applications for entrepreneurs who simply want to clear their heads and become aware of reflexive, emotional reactions that can lead to bad business decisions

A

ethical responsibility

25
Q

means accepting situations for what it is without adding any interpretation and emotional connotation.

A

applying mindfulness to business

26
Q

Many Buddhists believe that they should be socially engaged. Therefore, many Buddhists are involved in projects and charities which actively help those experiencing suffering due to poverty. Most traditional Buddhist communities consist of both monks and lay people

A

philanthropic responsibility

27
Q

involved in projects and charities which actively help those experiencing suffering due to poverty.

A

buddhists

28
Q

Most traditional Buddhist communities consist of both

A

monks and lay people

29
Q

the basic provisions of the ecological ethics of buddism

A

Karma
Ahimsa
bodhichitta

30
Q

the expression of human environmental responsibility

A

Karma

31
Q

the principle on nonviolence

A

ahimsa

32
Q

kindness and compassion for all living beings

A

bodhichitta

33
Q

The heart of Buddhist traditions and teachings lies the Eightfold Path

A

economic rsponsibility

34
Q

what are the eightfold path in the heart of Buddhist traditions and teachings

A
  • Right View
  • Right Intention,
  • Right Action,
  • Right Speech,
  • Right livelihood,
  • Right Effort,
  • Right Mindfulness and
  • Right Concentration.
35
Q

These guide
Buddhists to
prioritize the
customers and
employees and
management.

A

eightfold path

36
Q

the second largest religion in the world after Christianity, with about 1.8 billion Muslims worldwide

A

islam

37
Q

aim to live a life of complete submission to Allah. They believe that nothing can happen without Allah’s permission, but humans have free will

A

islam

38
Q

the major holy text of Islam

A

The Quran (or Koran)

39
Q

A central idea in Islam is
“_______,” which means
“struggle.”

A

jihad

40
Q

While the term has been used negatively in mainstream culture, Muslims believe it refers to internal and external efforts to defend their faith

A

jihad/struggle

41
Q

what responsibility is when islam practised mainly through the institutions of sedekah (voluntary giving), waqf (a religious foundation or trust) and zakat (almsgiving). Zakat is the obligation for Muslims to contribute a fixed portion of their wealth to those in need.

A

philanthropic responsibility

42
Q

Corruption of all kinds, including environmental corruption, which includes industrial pollution, environmental damage, and reckless exploitation and mismanagement of natural resources are disliked by Allah

A

environmental responsibility

43
Q

In Islam, there are ethical rules and regulations to be followed in business transactions. It is crucial for merchants to implement those rules and regulations in their business in order to establish a stable and sustainable financial system.

A

economic responsibility

BUSINESS ETHICS (6 decks)

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