Bus Law chapter 2 Terms Quiz

What constitutes right or wrong behavior and the application of moral principles in a business context.

• Stock Option

• Principle of Rights

• Business Ethics

• Christian Yelich

An ethical guideline developed by Immanuel Kant under which an action is evaluated in terms of what would happen if everybody else in the same situation, or category, acted the same way.

• Categorical Imperative

• Ethics

• Stock Buyback

• Ethical Reasoning

The idea that corporations can and should act ethically and be accountable to society for their actions.

• Corporate Bill of Rights

• Moral Minimum

• Consumer Protection Agency

• Corporate Social Responsibility

A decision-making technique that involves weighing the costs of a given action against the benefits of that action.

• Profit Motive

• Corporate Social Responsibility

• Cost-Benefit Analysis

• Lorenzo Cain

Moral principles and values applied to social behavior.

• Cost-benefit analysis

• Ethics

• Utilitarianism

• Common Law

The minimum degree of ethical behavior expected of a businessperson, which is usually defined as compliance with the law.

• Business Ethics

• Principle of Rights

• McBride Behavior

• Moral Minimum

The belief that human beings have certain fundamental rights. Whether a business action or decision is ethical depends on how it affects the rights of various groups, such as owners, employees, consumers, suppliers, the community and society.

• Principal of Rights

• Moral Minimum

• Utilitarianism

• Endoplasmic reticulum

The purchase of shares of a company's own stock by that company on the open market.

• Stock Certificate

• Stock Option

• Stock Buyback

• Stock Yard

An agreement that grants the owner the option to buy a given number of shares of stock at a set price, usually within a specific time period.

• Stock Buyback

• Ethical Reasoning

• Run Pass Option

• Stock Option

An approach to ethical reasoning in which an action is evaluated in terms of its consequences for those whom it will affect. A "good" action is one that results in the greatest good for the greatest number of people.

• Economicatrianism

• Corporate Social Responsibility

• Utilitarianism

• Egalitarianism