Law & Moral Standards
This refers to society’s standards of right and wrong.
What are ethics?
A written statement outlining a company’s ethical standards and guidelines.
What is a code of ethics?
These pressures influence the creation and evolution of laws.
What are social forces?
A company chooses not to recall a product because it would be too expensive, even though a small number of injuries may occur. This reflects which ethical theory?
What is utilitarianism?
Something may be legal but still considered this.
What is unethical?
This occurs when a person must choose between conflicting ethical principles.
What is a moral dilemma?
This occurs when a person’s personal interests interfere with professional duties.
What is a conflict of interest?
Public demand for safer workplaces often results in this.
What is new legislation or regulation?
A manager refuses to lie to investors even if it would save jobs because lying is always wrong.
What is Kantian duty-based ethics?
This philosophy holds that a law is valid only if properly enacted, even if it seems immoral.
What is Legal Positivism?
This theory states that law is based on what is morally right and just.
What is natural law?
Reporting illegal or unethical behavior within an organization.
What is whistleblowing?
Civil rights laws were largely the result of this type of societal influence.
What are social movements?
A law once widely accepted becomes unpopular due to changing public opinion and is repealed. This illustrates what concept?
What is the influence of social forces on law?
This theory argues that unjust laws are not true laws.
What is Natural Law?
This philosophy argues that laws are valid only if properly enacted, regardless of morality.
What is legal positivism?
This federal law protects employees who report corporate wrongdoing.
What is the Sarbanes-Oxley whistleblower protection provision?
As technology evolves, lawmakers often must do this to existing laws
What is amend or update them?
Executives are personally required to certify the accuracy of financial statements under this law.
What is the Sarbanes-Oxley Act?
When a company avoids taxes using legal loopholes but faces public backlash, this distinction is being tested.
What is the distinction between legality and ethics?
This test asks how you would feel if your actions were published publicly.
What is the front-page-of-the-newspaper test?
A step-by-step process businesses use to evaluate ethical issues and consequences.
What is an ethical decision-making model?
This concept explains why laws about discrimination or environmental protection change over time.
What is the evolving moral standards of society?
A company’s actions comply with the law but damage its reputation due to public outrage. What key Chapter 3 concept is illustrated?
What is the difference between legal compliance and ethical responsibility?
The idea that law often reflects society’s moral standards at a given time.
What is the relationship between law and moral standards?