Ch. 2 Ethics

moral standards for judging whether something is right or wrong

• Utilitarianism

• Ethics

• Ethical Issue

• Justice

situation where someone must choose between a set of actions that may be ethical or unethical.

• Ethical Issue

• Ethics

• Utilitarianism

• Justice

what is fair according to prevailing standards of society

• Ethical Issues

• Deontology

• Ethics

• Justice

consequences of an action taken by a person or organization

• Justice

• Deontology

• Ethics

• Utilitarianism

The philosophy that says people should meet their obligations and duties when analyzing an ethical dilemma.

• Deontology

• Ethics

• Justice

• Ethical Issue

provides employees with the knowledge of what their firm expects in terms of their responsibilities and behavior toward fellow employees, customers, and suppliers

• Corporate Social Responsibility

• Ethics

• Code of Ethics

• Justice

Acting in an ethical manner is one of the four components of the pyramid of _____________, which is the concern of businesses for the welfare of society as a whole.

• Ethics

• Corporate Social Responsibility

• Code of Ethics

• Justice

individuals or groups to whom a business has a responsibility.

• Vendors

• Customers

• Stakeholders

• Employees

includes cash contributions, donations of equipment and products, and support for the volunteer efforts of company employees

• Corporate Philanthropy

• Stakeholders

• Code of Ethics

• Ethics

Some investors are limiting their investments to securities (e.g., stocks and bonds) that coincide with their beliefs about ethical and social responsibility

• Social Responsibility

• Stakeholders

• Social Investing

• Ethics