Business Law CH 2

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Author:
jaggedice18
ID:
159474
Filename:
Business Law CH 2
Updated:
2012-06-20 17:21:58
Tags:
MGT 2050
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Description:
Ch 2
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  1. Business ethics
    the study and examination of moral and social responsibility in relation to business practice sand decision-making in business
  2. Corporate social responsibility 
    A company’s sense of responsibility towards the community and environment (both ecological and social) in which it operates
  3. Ethics
    The basic concepts and fundamental principles of right human conduct.
  4. Absolutism 
    The principle or the exercise of complete and unrestricted power in government
  5. Stakeholders
    A person, group, or organization that has direct or indirect stake in an organization because it can affect or be affected by the organization's actions, objectives, and policies.
  6. Utilitanism
    the ethical doctrine that virtue is based on utility,  and that conduct should be directed toward promoting the greatest happiness of the greatest number of persons.

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