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Business Ethics > Pre-Finals Set B > Flashcards

Pre-Finals Set B Flashcards

1
Q

is a set of principles or tenets which together form the basis of a religion, philosophy, or moral code

A

Belief System

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2
Q

the most powerful influences on human behaviour

A

Religious Beliefs

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3
Q

defined as a set of beliefs concerning the cause, nature, and purpose of the universe, especially when considered as the creation of a superhuman agency or agencies, usually involving devotional and ritual observances, and often containing a moral code governing the conduct of human affairs

A

Religion

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4
Q

What is the belief of Judaism?

A

Employee Relations

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5
Q

Employee Relations

A

Judaism

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6
Q

illustrated by the widely quoted Talmudic tradition that in one’s judgment in the next world the first question asked is: “Were you honest in business?”

A

Judaism

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7
Q

are obliged to pay their workers on time, pay their workers a living wage and treat their workers with dignity and respect.

A

Judaism

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8
Q

for the workers, it is important not to steal company time.

A

Judaism

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9
Q

What is the belief of Christianity?

A

Stewardship and Fiarness

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10
Q

Stewardship and Fiarness

A

Christianity

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11
Q

They depend on the Lord’s leadership for their business by asking blessings through prayer to provide strategic direction, resources, earnings, etc.

A

Christianity

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12
Q

They also believed that the Lord delight in justice. Therefore, in conducting a business transaction, they must be fair, like paying the workers with fair wages and appropriate work conditions.

A

Christianity

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13
Q

What is the belief of Islam?

A

Customer Relations

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14
Q

Customer Relations

A

Islam

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15
Q

Prophet Muhammad’s doctrine on honesty and kind dealings with customers are the secrets of success in business.

A

Islam

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16
Q

According to them, no fraud or deceit, sellers must avoid making many oaths when selling merchandise.

A

Islam

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17
Q

They are also strict when it comes to weights and measures.

A

Islam

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18
Q

What is the belief of Buddhism?

A

Hardwork and Mindfulness

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19
Q

Hardwork and Mindfulness

A

Buddhism

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20
Q

Work hard, no excuses, to those who do not want to work, they let their chance pass by. If you work hard, rest well.

A

Buddhism

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21
Q

focuses on balance

A

Buddhism

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22
Q
A

Buddhism

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23
Q

Their practice of mindfulness can be a key to good business.

A

Buddhism

24
Q

Remember to be calm, and not to obsess too much about positive or negative feedback.

A

Buddhism

25
Q

What is the belief of Taoism

A

Lead by Example

26
Q

Lead by Example

A

Taoism

27
Q

They believe such good behavior is an essential part not only of self-improvement but of improving the world as a whole.

A

Taoism

28
Q

They suggest that the ideal way for an owner to run his or her business is by example.

A

Taoism

29
Q

A good leader is one that the people respects and whose instructions are willingly followed.

A

Taoism

30
Q

What is the belief of Shintoism?

A

Work is work

31
Q

Work is work

A

Shintoism

32
Q

Work is understood to be a self-expression of the great life force.

A

Shintoism

33
Q

Japanese people try to unify themselves with the great life force by concentrating on their own work.

A

Shintoism

34
Q

the company name is more important than the job title, the community they belong to is much more important than what they do.

A

Shintoism

35
Q

is a self-regulating business model that helps a company be socially accountable - to itself, its stakeholders, and the public.

A

Corporate social responsibility (CSR)

36
Q

Models of Corporate Social Responsibility

A
  1. Friedman’s model
  2. Carroll’s model
  3. Ackerman’s model
37
Q

Who created the Friedman’s Model?

A

Milton Friedman

38
Q

A businessman should perform his duty well, he is performing a social as well as a moral duty.

A

Friedman’s Model

39
Q

A businessman has no other social responsibility to perform except to serve his shareholders and stockholders.

A

Friedman’s Model

40
Q

Who created the Carroll’s Model?

A

Dr. Archie B. Carroll

41
Q

the Pyramid of Corporate Social Responsibility

A

Carroll’s Model

42
Q

What are the four different areas in the pyramid structure from Carroll’s Model?

A
  1. Economic
  2. Legal
  3. Ethical
  4. Philanthropic
43
Q

the “main areas” one company should focus its duties and responsibilities in terms of CSR.

A

Economic, Legal, Ethical and Philanthropic

44
Q

Be profitable.

A

Economic Responsibility
base

45
Q

Be profitable.

A

Economic Responsibility
base

46
Q

Obey the law

A

Legal Responsibility
2nd from base

47
Q

Be ethical

A

Ethical Responsibility
3rd from base

48
Q

Be a good corporate citizen

A

Philanthropic Responsibility
top

49
Q

The model has emphasized on the internal policy goals and their relation to the CSR.

A

Ackerman’s Model

50
Q

How many stages does Ackerman’s Model have?

A

Four

51
Q

Managers of the company get to know the most common social problem and then express a willingness to take a particular project which will solve some social problems.

A

First stage

52
Q

Intensive study of the problem by hiring experts and getting their suggestions to make it operational.

A

Second Stage

53
Q

Managers take up the project actively and work hard.

A

Third Stage

54
Q

Evaluating of the project by addressing the issues.

A

Fourth Stage

55
Q

What are the four stages involved in CSR according to Ackerman’s Model?

A
  1. Managers of the company get to know the most common social problem and then express a willingness to take a particular project which will solve some social problems.
  2. Intensive study of the problem by hiring experts and getting their suggestions to make it operational.
  3. Managers take up the project actively and work hard.
  4. Evaluating of the project by addressing the issues.

Business Ethics (5 decks)

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