| 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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