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Arts and Humanities
KU BLAW 301 Test 1: Business Ethics
Terms in this set (12)
Law dictates how a person ________ behave.
Ethics dictates how a person ________ behave
what society values right now, changes over time
When business fails to make ethical decisions, when it fails to live up to society's expectations for ethical behavior, government may step in. thus....
Business leaders have incentive to promote corporate integrity, and thereby to limit further governmental regulation.
which is the collection of values that guides human behavior.
systematic statement of right and wrong together with a philosophical system that both justifies and necessitates rules of conduct.
Two systems of ethics
formalism- A particular act is, in itself, either right or wrong (it is not dependent on the situation). To be ethical, you have a duty, or moral obligation, not to commit an act deemed unethical.
consequentialism-Deals with the consequences of actions rather than with their absolute morality. Ultilitarianism is driving force
Ethical rules derived from laws
1. Respect for the liberty and rights of others.
2. The importance of acting in good faith (honesty in intent)
3. The importance of exercising due care (fair and reasonable)
4. The importance of honoring confidentiality.
5. Avoidance of conflicts of interest.
Ethical codes labeled as self regulation since the state doesn't enforce them
ultimate source for ethical decision making
Individual values decision making questions for ones self
- would I be proud to tell my family?
- will my decision harm a person or the environment?
- will my actions violate the law?
- . Am I willing for everyone to act as I am thinking of acting?
- Is it right or wrong?
Why are ethics difficult in business?
Emphasis on profits
control of resources by non owners
Steps for ethical business
involve to management
encourage open communication
Other sets by this creator
KU BLAW 301 TEST 4: Employment Discrimination
KU BLAW 301 TEST 4: Consumer Protection
KU BLAW 301 TEST 4: The Constitution
KU BLAW 301 Test 3: Business ORganizations
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