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SPI > Module 1 > Flashcards

Module 1 Flashcards

1
Q

A system of Moral Principles. It Affects how people make decisions and lead their lives

A

Ethics

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2
Q

Concerned with what is good for individuals and society and is also described as moral philosophy

A

Ethics

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3
Q

The ethics term is derived from the Greek word ________

A

ethos

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4
Q

Ethos means

A

custom, habit, character or disposition

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5
Q

What are the (4) Ethics Dilemmas?

A
  • How to live a good life
  • Our rights and responsibilities
  • The language of right and wrong
  • moral decisions – what is good and bad?
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6
Q

What is the Golden Rule?

A

Do unto others as you’d have them do unto you
— Luke 6:31

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7
Q

What are the (5) Basic Principles of Ethics?

A
  • The Golden Rule
  • The Rights of Others
  • The Consequences of our Actions
  • Be Accountable for your Actions
  • Truthfulness, alongside Integrity
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8
Q

This time-honored principle applies now more than ever because as a society, we have lost our moral compass.

A

The Golden Rule

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9
Q

Ethical people are very considerate as to wether their actions may influence the rights of other people or not

A

The Rights of Others

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10
Q

Our Actions have Consequences

A

The Consequences of Our Actions

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11
Q

We should always take responsibility for our actions, and learn from our mistakes and move forward productively

A

Be Accountable for your Actions

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12
Q

it structures the foremost fundamental standard of ethical behavior; having the courage about your conviction

A

Truthfulness, alongside Integrity

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13
Q

companies operate according to all applicable laws. This keeps the company’s respect among its peers and customers and protects it from legal liability

A

Business Ethics

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14
Q

Ethical Treatment can _____________, and ________________.

A
  • increase employee retention
  • reducing hiring and training costs
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15
Q

A business that treats its customer or clients ethically can _________ _______, and ____________________________.

A
  • ## Build Trust
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16
Q

A business that treats its customer or clients ethically can _________ _______, and _______ ________ ____________.

A
  • Build Trust
  • Create Longstanding relationships
17
Q

It refers to the set of moral principles that guides a company’s conduct

A

Business Ethics

18
Q

(7) Types of Business Ethics

A
  1. Personal Responsibility
  2. Corporate Responsibility
  3. Loyalty
  4. Respect
  5. Trustworthiness
  6. Fairness
  7. Social and Environmental Responsibility
19
Q

It is important that a company pays attention, and potentially invests in the following areas:

A
  • The Age of Information
  • The Millennial Factor
  • Increased Competition
  • The Bottom Line
20
Q

It is the key for employees in both entry-level and senior positions.

A
  • Personal Responsibility
21
Q

Businesses have responsibilities; to their employees, their clients or customers, and their board of directors

A

Corporate Responsibility

22
Q

A valuable quality for both corporate leaders and team members

A

Loyalty

23
Q

A valuable quality for both corporate leaders and team members

A

Loyalty

24
Q

It is an important business ethic both in the way the business treats its clients, customers, and employees, and in the way its team members treat one another

A

Respect

25
Q

It is earned by a business with its clients, customers, and employees through honesty, transparency, and reliability

A

Trustworthiness

26
Q

It means that a business strives to treat its customers with equal respect, offering the same goods and services to all based on the same terms

A

Fairness

27
Q

It means that a company recognize its impact outside of the marketplace

A

Social and Environmental Responsibility

28
Q

It is the Modern Era. It is being studied and treated as a major leap forward in human history.

A

The Age of Information

29
Q

It is also important to realize that millennials are the next generation of talent entering the professional world—and they are the ones dictating what is important for companies

A

The Millennial Factor

SPI (2 decks)

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