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Business Law Today 2
Chapter 2
| Question | Answer |
|---|---|
| Business Ethics | Ethics in a business context; a consensus as to what constitutes right or wrong behavior in the world of business |
| Categorical Imperative | A concept developed by the philosopher Immanuel Kant as an ethical guideline for behavior. |
| Corporate Social Responsibility | The idea that corporations can and should act ethically and be accountable to society for their actions. |
| Cost-Benefit Analysis | A decision-making technique that involves weighing the costs of a given action against the benefits of that action. |
| Ethical Reasoning | A reasoning process in which an individual links his or her moral convictions or ethical standards to the particular situation at hand. |
| Ethics | Moral principles and values applied to social behavior. |
| Moral Minimum | The minimum degree of ethical behavior expected of a business firm, which is usually defined as compliance with the law. |
| Principle of Rights | The principle that human beings have certain fundamental rights. |
| Utilitarianism | An approach to ethical reasoning that evaluates behavior in light of consequences of that behavior for those who will be affected by it. |
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nicholashagler
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