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B&S Chapter 7
MAN 320F
11
Management
Undergraduate 3
06/15/2014

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Term
Ethics
Definition
the discipline that deals with moral duty and obligation
Term
Business Ethics
Definition
concerned with morality and fairness in behavior, actions and practices that take place within a business context
Term
Descriptive Ethics
Definition
concerned with describing, characterizing and studying the morality of a people, an organiztion, a culture, or a society
Term
Normative Ethics
Definition
concerned with supplying and justifying a coherent moral system of thinking and juding
Term
Conventional Approach
Definition

based on how common society today view business ethics

 

based on ordinary, common sense

Term
Principles Approach
Definition
based on the use of ethics principles or guidelines to justify and direct behavior, actions and policies
Term
Ethical Tests Approach
Definition
based on short, practical questions or "tests" to guide ethical decision making, behavior and prctices
Term
Conventional Approach to Business Ethics
Definition
the kind whereby we compare a decision, practice or policy with prevailing norms of acceptability in society
Term
Ethical Egoism
Definition
an ethical principle based on the idea that the individual should seek to maximize his or her own self-interests as a legitimate factor
Term
Ethical Relativism
Definition
pick and choose which source of norms we wish to use on the basis of what will justify our current actions or maximize our freedom
Term
Immoral Management
Definition
an approach that is devoid of ethical principles or precepts and at the same time implies a positive and active oppostiion to what is ethical
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