bus d 300 chapter 5

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  1. environmental regulations (124)
    many ethical issues in international business are rooted in the fact that political system, law, economic development, and culture are vary significant from culture to culture
  2. personal ethics
    • accepted as right or wrong that govern the conduct of a person or individual
    • what is OK in one country might not be OK in another
  3. human rights (125)
    basic hurman rights are still not respected in many countries. right to freedom of speech or freedom to assembly are by no means universally accepted
  4. noblesse oblige
    is a french term that refers to honorable and benevolent behaviors considers the responsibility of people of high (noble birth)
  5. ethical dilemmas
    no matter what choice you make someone will suffer
  6. organizational culture
    refers to the values and norms that are shared among employees of an origination
  7. the Friedman Doctrine 135
    Friedman basic position is that the only social responsibility of business is to increase profits, so long as the company stays within the rules of law. He explicitly rejects the idea that business should undertake social expenditures beyond those mandated by law and required for the efficient running of a buisness
  8. cultural relativism
    which is the belief that ethics are nothing more than the reflection of a culture- all ethics are culturally determind- and that accordingly a firm should adopt the ethics of the culture in which it is operating
  9. righteous moralist
    claims that a multinational home country standards of ethics are appropriate one for companies to follow in foreign countries. This approach is typically associated with managers from developed nations.
  10. naive immoralist (137)
    asserts that if a manager of a multinational sees that a firms from other nations are not following ethical norms in a host nation, that manager should not either
  11. right theories
    recognize that human beings have fundamental rights and privileges that transcend national boundaries and culture.Right established a minimum level of morally acceptable behavior. something that take precedence and trumps a collective good
  12. moral courage
    enables a managers to walk away from a decision that is profitable but unethical. gives an employee the strength to say no to a superior who instructs her to pursue actions that are unethical
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bus d 300 chapter 5
2015-02-09 19:25:24
exam 1
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