management chapter 4

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alexbura
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204911
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management chapter 4
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2013-03-04 14:07:49
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chapter 4
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  1. ethics
    a code of moral principles and values that governs the behaviors of a person or group.
  2. ethical dilemma
    arises in a situation concerning right or wrong when values are in conflict
  3. utilitarian approach
    this decision says that the moral thing to do is the choice the benefits the most people
  4. indivdualism approach
    this approach says everyone promotes their self intrest
  5. moral rights approach
    this approach says that the ethical choice is the one that does not violate anyones fundamental rights.
  6. justice approach
    holds that ethical decisions must be based on standards of equity., fairness and impartiality.
  7. distributive justice
    approach says the ethical thing is to treat all people.

    i.e women and men with the same skills be paid the same.
  8. procedural justice
    requires all rules be administered fairly. rules should be consistently stated and enforced
  9. compensatory justice
    argues people wshould be paid for their injuries
  10. corporate social responsibility
    is a management obligation to make choices and take actions that will contribute to the welfare and interest of society as well as the organization.
  11. stakeholder
    is anygroup or person outside of the organization that has a stake in the orgnaizations performance
  12. sustainability
    refers to the economocic development that generates wealth and meets the needs of the current population while perserving the environment of the needs of the future generations
  13. discretionary responsibility
    is purely voluntary and is guided by the organizations desire to make social contributions not mandated by economics laws or ethics
  14. a code of ethics
    is a formal statement of the companys values ethics and social issues
  15. whistle blowing
    employee disclosure of illegal or unethical pratices
  16. ethics training
    progams that help employees deal with ethical questions.
  17. chief ethics officer
    a company executive who oversees all aspects of ethics and legal compliance
  18. ethics comimittee
    a group of executives that oversee company ethics by ruling on questionable issues and disciplining violators

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