Recitation Business Ethics

Question 1

is about implementing business policies and best practices in many areas, such as social responsibility, corporate governance, sexual harassments, Employee Relations, supply chain management and corruption.

Answer 1

Business Ethics

Question 2

is branch of philosophy that prescribes and guides acceptable human conduct. it is the study of morality (Examines what is morally right or wrong)

Answer 2

Ethics (1)

Question 3

refers to individual/group interaction with other people and the environment.

Answer 3

Human Conduct

Question 4

refers to the development of an individual’s ethical standards.

Answer 4

Ethics (2)

Question 5

is considered both an art (using personal judgement to apply values in different situations) and science (Analyzing and reasoning to decide what is right or wrong) because it deals with the content (Knowledge) of what is right and wrong, and is a process of determining what is right and wrong through moral reasoning.

Answer 5

Ethics

Question 6

Three kinds of Ethical Issues

Answer 6

1. Systematic
2. Corporate
3. Individual

Question 7

refers to issues (such as the culture of corruption in government institutions) that need to be addressed through coordinated actions of different social groups (such as local government, business associations and regulating bodies)

Answer 7

Systematic

Question 8

pertains to issues that can and should be solved within the company. if company allows its employees to be tardy all the time, it will take the unified action of its employees and the company to correct the situations through its policies.

Answer 8

Corporate

Question 9

simply means issues that need to be resolved through individual decision making and behavioral change.

Answer 9

Individual

Question 10

There are many philosophical approached approaches to the study of ethics. Four theories may be used as framework to guide people in justified decision making.

Answer 10

1. Utilitarian Ethics
2. Deontological Ethics
3. Virtue Ethics
4. Ethical relativism

Question 11

(consequence-based) can be related to the notion that the greatest good produced must benefit the majority. actions are evaluated based on benefit and cost.

(means that decisions should aim to benefit the most people possible)

Answer 11

Utilitarian Ethics

Question 12

(Duty-Based) can be explained as respecting people’s right and should be treated with dignity. this theory states that the morality of an action is based on normative rules rather than consequences like utilitarianism.

(it focuses on respecting people’s rights and treating them with dignity, regardless of the outcome or consequences of our actions)

Answer 12

Deontological Ethics

Question 13

(Character-Based) refers to righteousness and what makes a good person. this approach focuses on an individual’s character in ethical decision-making, rather than consequences or duty.

Answer 13

Virtue Ethics

Question 14

(Culture Based) states that ethical standards cannot be absolute and be applied to all (people of all societies)

Answer 14

Ethical Relativism

Question 15

is a person’s entitlement to something. such as legal, social or freedom.

Answer 15

Right

Question 16

is a duty from others to not interfere with an individual’s activities who posses that right,

Answer 16

Negative Rights

Question 17

the duty of others to allow another person to do whatever he or she needs to follow or perform freely

Answer 17

Positive Rights

Question 18

is something that every person is born with and should have everywhere in the world. It includes freedoms like the right to gather publicly, the right to work, and the freedom to express opinions.

Answer 18

Moral RIghts or Human Rights

Question 19

is a right granted by law that allows individuals or entities to seek solutions or remedies for conflicts or disputes. In business, legal rights empower companies to take actions that others must follow or to require others to behave in specific ways toward the company.

Answer 19

Legal Rights

Question 20

benefits a company gets from a contract, like getting paid or receiving services.

Answer 20

Contractual Rights

Question 21

are the duties the company must do under the contract.

Answer 21

Contractual Obligations

Question 22

The main functions of the Human
Resources (HR) are ?

Answer 22

1. Recruitment
2. Compensation and Benefits
3. Training and Development
4. Performance Appraisal
5. Labor Relation
6. Compliance Management

Question 23

here are two (2) documents that an employee goes through when joining a company.

Answer 23

1. Code of Ethics
2. Code of Discipline

Question 24

is a document that sets out the values and beliefs of a company. It guides how its members should behave. It includes principles to help all company members act with honesty and integrity in their work.

Answer 24

Code of Ethics

Question 25

is a document that outlines the expected practices and behaviors employees must follow to stay employed at the company. It specifies rules and standards employees must adhere to. Violations of these rules can lead to penalties such as suspension or termination.

Answer 25

Code of Discipline

Question 26

happens when a current or former employee reports misconduct or wrongdoing within a company.

Answer 26

Whistleblowing