BUS101/Gr11&12 /Lesson 8 Ethical and Unethical Business

Societies that value individual freedom will be hesitant to legally require acts of charity, personal integrity, and common decency.

• TRUE

• FALSE

Moral is ...

• matching with societal standards

• promoting high conduct

• organization principles, values, and norms determining whether an action is right or wrong.

• principles that basis for rules

Stakeholder

• suppliers

• essential business owners

• producers

• consumers

A problem, situation, or opportunity that requires an individual or group to choose among actions.

• morality

• ethical behavior

• ethical issue

• code of conduct

misuse of company time and resources

• ethical behavior

• moral issue

• unethical business activity

• ethical issue

physical threats, false accusations, being annoying, insults, yelling, harshness, ignoring someone, ...

These actions are considered

• misuse of a firm's resources

• trust issue

• abusive behavior

• conflict of interests

Would I want people to do this to me?

• The Truth Test

• The Golden Rule Test

• The Parents Test

• The Religion Test

Does this action represent nothing but the absolute truth?

• The Truth Test

• The Golden Rule Test

• The Parents Test

• The Religion Test

How would I feel if my action were reported on the front page of my hometown paper?

• The Truth Test

• The Golden Rule Test

• The Parents Test

• The Front Page Test

the practice of offering something (often money) in order to gain an illegal advantage from someone in authority

• Usury

• Bribery

• Burglary

• Theft