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Chapter 2
Ethics and Our Law
14
Business
12th Grade
02/15/2011

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Term
ethics
Definition
Deciding what is right or wrong in a reasoned, impartial manner.
Term
impartiality
Definition
The idea that the same ethical standards are applied to everyone.
Term
business ethics
Definition
Ethical principles used in making business decisions.
Term
consequence-based reasoning
Definition
A form of ethical reasoning that evaluates the results of an action.
Term
The Good
Definition
The standard for judging right or wrong.
Term
fundamental ethcial rules
Definition
A form of ethical reasoning that evaluates the act but not its consequences.
Term
universalizing
Definition
Mental test to identify illogical actions. It involves picturing in your mind's eye everyone in the world doing the action.
Term
moral rights
Definition
Legitimate claims on other people which flow from each person's status as a human being.
Term
majority rule
Definition
Elected representatives vote for laws acceptable to the majority of people they represent.
Term
civile rights
Definition
Personal and human rights recognized and guaranteed by our Constitution.
Term
integrity
Definition
The capacity to do what is right even in the face of temptation or pressure to do otherwise.
Term
fidelity bond
Definition
An insurance policy that pays the employer money in the case of theft by employees.
Term
civil disobedience
Definition
An open, peaceful, violation of a law to protest its alleged injustice.
Term
scofflaws
Definition
Persons who do not respect the law.
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