Ethical Principles
Social Responsibility Theories
Key Terms
Ethics in the Real World
Previous Chapters Review
100
A theory of ethics that says a person looks to an outside source for ethical rules or commands
What is Ethical Fundamentalism
100
Theory that states that a corporation’s duty is to make a profit while avoiding causing harm to others
What is Moral Minimum
100
A set of moral principles or values that governs the conduct of an individual or a group
What is Ethics
100
This landmark law permits private parties to sue companies for fraud on behalf of the government.
What is the False Claims Act / Whistleblower Statute
100
This motion can be taken so that the judge reviews only the facts of the case and makes a decision himself without a jury.
What is Summary Judgement
200
Moral theory that states that people owe moral duties that are based on universal rules. Hint: “Do unto others as you would have them do unto you.”
What is Kantian Ethics / Duty Ethics
200
Theory that a business has a responsibility to do good unto society
What is Corporate Citizenship
200
This means that as long as businesses avoid or correct the social injuries that they cause, then they are meeting that social responsibility and fulfilling their end
What is Moral Minimum
200
This company was shot into the ethical spotlight when it was discovered that they weren't providing lunch to their employees. I guess they were saving money, but their employees weren't living better.
What is Walmart
200
These are 4 ways to settle a dispute between 2 parties.
1) Negotiation 2) Mediation 3) Arbitration 4) Litigation
300
Individuals must decide on what is ethical based on their own thoughts and feelings on what is right and wrong
What is Ethical Relativism
300
A corporation must consider the effects that its actions have on other persons that are not its shareholders
What is Stakeholder Interest
300
Each person is presumed to have agreed upon a certain conduct in which they will behave so that them and others can live in peace and harmony Hint: “I will keep the rules if everyone else does.”
What is Social Contract Theory of Morality
300
In the 1990s and early 2000s, many large corporations were engaged in massive financial fraud. This landmark law, enacted in 2002, prohibited such behavior and established criminal penalties for such actions.
What is the Sarbanes-Oxley Act
300
On a sheet of paper, name the 4 types of jurisdiction. You have one minute.
1) Subject Matter Jurisdiction 2) In Personam Jurisdiction 3) In Rem Jurisdiction 4) Quasi In Rem Jurisdiction
400
Moral theory where fairness is considered the essence of justice and that the principles of justice should be determined by people who have a “veil of ignorance” which would permit the fairest possible decision to be made
What is Rawl's Social Justice Theory
400
This theory states that a corporation owes a duty to take actions that maximize profits for shareholders
What is Maximizing Profits
400
These types of rules are not written or said, but assumed by people as a guideline for acting. Most associated with Kantian Ethics
What are Universal Rules
400
It is to be expected that corporations who conduct these would be more apt to prevent unethical and illegal conduct by their employees
What is Corporate Social Audits
400
On a piece of paper, list all the different Schools of Law. You have one minute.
1) Natural Law School 2) Historical School 3) Analytical School 4) Sociological School 5) Command School 6) Critical Legal Studies School 7) Law of Economics
500
A moral theory that dictates that people must choose the action or follow the rule that provides the “greatest good to society”
What is Utilitarianism
500
Businesses would only make decisions on a cost-based analysis & what would benefit profit without having much concern for how it would affect anything else
What is Traditional / Original Social Responsibility
500
This section of the Sarbanes-Oxley Act requires a public company to disclose whether it has adopted a code of ethics for senior financial officers.
What is Section 406
500
In this strange case, the U.S. Court of Appeals stated that this company's slogan of "Better Ingredients, Better Pizza" was mere puffery and was not considered false advertisement.
What is Pizza Hut v. Papa John's
500
On a piece of paper, list all the primary functions of the law. You have one minute.
1) Keeping the Peace 2) Shaping Moral Standards 3) Promoting Social Justice 4) Maintaining Status Quo 5) Facilitating Orderly Change 6) Facilitating Planning 7) Provide a Basis for Compromise 8) Maximize Individual Freedom
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