1454892
Description
Flashcards by Kimberly Davis, updated more than 1 year ago
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Created by Kimberly Davis
over 11 years ago
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| Question | Answer |
| Define business ethics | Doing what is right *ethical behavior *business ethics |
| What is social responsibility? | CSR *corporate social responsibility |
| Define stakeholder | Anyone with an interest in a business *i.e. Employees, customers, suppliers,community, shareholders, etc |
| List 4 Ethical Organizational Activities | 1. Treat people fairly 2. Everyone is accountable in terms of ethical behavior 3. Communicate core values to all 4. Demand/reward integrity from all |
| List some of the Best Corporate Citizens | Intel, Avon, timberland, AT&T, SW Airlines |
| List 3 employee attitudes in unethical companies | 1. Uneasy about work 2. Uncomfortable about how co-workers are treated 3. Question management & policies |
| Why should we study ethics? | Ethics of the future not the same as today or the past. We need to understand what is acceptable/unacceptable Know right from wrong |
| Ethical Challenges | Arise in business organizations because multiple stakeholders make conflicting demands |
| List the 5 steps on How to Face an Ethical Dilemma | 1. Identify the problem 2. Look at alternatives 3. Evaluate the options 4. Determine best choices 5. Implement decision |
| List 3 considerations in avoiding an ethical lapse. *ask yourself...... | Is this action legal? If I take it, will I feel bad about it? Will I be ashamed to tell my family? |
| Basic Situations Causing Ethical Issues *5 | Bribes Conflict of interest Conflicts of loyalty Issues of honesty and integrity Whistle-blowing |
| bribes Vs. Gifts | Cost of the item Gift (timing and type) Connection Check company policy |
| conflict of interest means.... | Individuals must choose between taking actions that promote their personal interests over the interests of others |
| What is whistle blowing? | "Tattle telling" Applauded or shunned Career suicide Star antes-Oxley (SoX) |
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