Principles of Management Chapter 3

The flashcards below were created by user jwil42 on FreezingBlue Flashcards.

  1. ethics
    The system of rules that governs the ordering of values.
  2. ethical issue
    Situation, problem, or opportunity in which an individual must choose among several actions that must be evaluated as morally right or wrong.
  3. business ethics
    The moral principles and standards that guide behabior in the world of business.
  4. moral philosophy
    Principles, rules, and values people use in deciding what is right or wrong.
  5. universalism
    The ethical system stating that all people should uphold certain values that society needs to function.
  6. caux principles
    Ethical principles established by international executives based in Caux, Switzerland, in collaboration with business leaders from Japan, Europe, and the United States.
  7. egoism
    An ethical system defining acceptable behavior as that which maximizes consequences for the individual.
  8. utilitarianism
    An ethical system stating that the greatest good for the greatest number should be the overriding concern of decision makers.
  9. relativism
    Philosophy that bases ethical behabior on the opinions and behaviors of relevant other people.
  10. virtue ethics
    Perspectives that what is moral comes from what a mature person with "good"moral character would deem right.
  11. Kohlberg's model of cognitive moral development
    Classification of people based on their level of moral judgment.
  12. Sarbanes - Oxley Act
    An act that established strict accounting and reporting rules to make senior managers more accountable and to improve and mainain investor confidence.
  13. ethical climate
    In an organization, the processes by which decisions are evaluated and made on the basis of right and wrong.
  14. ethical leader
    One who is both a moral person and a moral manager influencing others to behave ethically.
  15. compliance - based ethics programs
    Company mechanisms typically designed by corporate counsel to prevent, detect, and punish legal violations.
  16. integrity - basd ethics programs
    Company mechanisms designed to instill in people a personal respnsibility for ethcial behavior.
  17. corporate social responsibility
    Obligation toward society assumed by business.
  18. econmic reponsibilities
    To produce goods nd services tha society wants at aprice that perpetuates the business and satisfies its obligations to investors.
  19. legal respnsibilities
    To obey local, state, federal, and relevant international laws.
  20. ethical responsibilities
    Meeting other social expectations, not writtn as law.
  21. philanthropic responsibilities
    Additional behaviors and activities that society finds desirable and that the values of the business support.
  22. transcendent education
    An education wth five higher goals that balance self - interest wth responsibility to others.
  23. ecocentric management
    Its goal is the creation of sustainable economic develpment and improvement of quality of life worldwide for all organizational stakehoders.
  24. sustainable growth
    Economic growth and develpment that meets present needs without harming the needs of future generations.
Card Set:
Principles of Management Chapter 3
2012-01-26 01:37:25
management chapter

management chapter 3
Show Answers: