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Business Ethics an Overview
Ethical Issues
Ethical Decision Making
Implementing Business Ethics
Situational
100
Focuses on what is right and wrong behavior in the business world.
What is Business Ethics?
100
Situations in which there are conflicting moral claims, is also known as ______
What is Ethical issues, problems, or dilemmas?
100
Externally imposed boundaries of conduct such as laws, rules, regulations and other requirements.
What are mandated boundaries?
100
A written code explicitly stating a company's ethical priorities and demonstrates the company's commitment to ethical behavior.
What are codes of ethics?
100
When a Business owner misbehaviors in a way such as (example from the text) convincing investors through misrepresentation to file a meritless lawsuit in the Federal District court in Texas.
What is a court sanction on the business owners?
200
The minimum acceptable standard for ethical business behavior; compliance with the law.
What is moral minimum?
200
Many ethical conflicts develop from conflicts between the differing interests of company ______ and their ______, & ________, and surrounding community.
Who are owners & workers & customers?
200
An act created largely in response to widespread corporate accounting scandals.
What is the Sarbanes-Oxley Act?
200
Managers discuss with employees on a face-to-face basis the firms policies and the importance of ethical conduct
What are ethics training programs?
200
The process of assissing and reporting a business's performance in fulfilling the economic, legal, ethical, and philanthropic responsibilities expected of it by its stakeholders.
What is a social audit?
300
Situations that make it difficult to predict with certainty how a court will apply a given law to a particular action.
What is a Gray Area?
300
When ethics is a applied moral code or ways to derive one, this does not mean all people agree. In most environments, ethics tends to begin by defining ....
What is meant by right or wrong?
300
Defined as a set of values, norms, and artifacts that members of an organization share.
What is corporate culture?
300
Requires companies to set up confidential systems so that employees and others can "raise red flags" about suspected illegal or unethical auditing and accounting practices.
What is The Sarbanes-Oxley Act of 2002?
300
Economic theories advocating the creation of a society in which wealth and power are shared and distributed evenly based on the amount of work expended in production.
What is socialism?
400
Acting responsibly under circumstances, allowing a better chance of successfully defending the companies actions in court.
What is Good Faith?
400
__________ must balance the ideal against the practical—the need to produce a reasonable profit for the company's ____________ with honesty in business practices, safety in the workplace, and larger environmental and social issues
Who are Managers & Shareholders?
400
Refers to the specific principles or rules that people use to decide what is right or wrong.
What is moral philosophy?
400
A less inhibiting online reporting system that allows employees to click on an icon that anonymously links them to a site where they can report suspicious accounting practices, sexual harassment, etc.
What is EthicsPoint?
400
Consists of everything in our surroundings that is made by people--both tangible and intangible things including values, norms and artifacts.
What is culture?
500
Economic, legal, ethical, and philanthropic.
What are the levels of social responsibility?
500
____________ in business have become more complicated because of the global and diversified nature of many large corporations and because of the complexity of government regulations that define the limits of criminal behavior.
What are Ethical issues?
500
Exposing an employer's wrongdoing to outsiders such as the media or government regulatory agencies.
What is whistle-blowing?
500
Employees openly discuss any ethical problems that they may be experiencing and learn how firm's ethical policies apply to those specific problems.
What are ethics seminars?
500
Belief that consumers, rather than the interests of producers, should dictate the economic structure of a society.
What is consumerism?