TERMS
Law enacted and codified by governmental authority
Positive Law
Why is business ethics important
its the right thing to do
Key component of being an ethical person and practicing ethical business.
Promise Keeping
Those who have a stake, or interest, in the activities of a corporation
Stakeholders
Responsibility to fulfill the promises made in a agreement honoring of commitments carried out in contracts
Enforcement of Individual Intent
The belief that honesty is at the heart of relationships
Integrity and Truthfulness
The agreement under Locke and Rawls as to what our ethical standards will be.
Social Contract
Legal and human rights safeguards designed to secure an individual's physical safety, liberty, and freedom from abuse or unlawful harm.
Protection of Person
Protecting of sensitive information, builds trust, and ensures legal and ethical compliance
Maintaining confidentiality
A branch of philosophy dealing with values that relate to the nature of human conduct and values associated with that conduct.
Ethics
What is good or bad to shake
Good Reputation
An ethical principle meaning a person or professional should not inflict unnecessary injury, pain, or damage on others.
Doing No Harm
Set of rights that must be honored and protected by government.
Rights Theory
Balancing the goal of profits with values of individuals and society.
Business Ethics
Allegiance to a company
means taking active steps to ensure your personal, financial, or relational ties do not interfere with your professional duties
Loyalty—Avoiding Conflicts of Interest