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Chapter 2

Quiz yourself by thinking what should be in each of the black spaces below before clicking on it to display the answer.
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Question
Answer
Business Ethics   Ethics in a business context; a consensus as to what constitutes right or wrong behavior in the world of business  
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Categorical Imperative   A concept developed by the philosopher Immanuel Kant as an ethical guideline for behavior.  
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Corporate Social Responsibility   The idea that corporations can and should act ethically and be accountable to society for their actions.  
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Cost-Benefit Analysis   A decision-making technique that involves weighing the costs of a given action against the benefits of that action.  
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Ethical Reasoning   A reasoning process in which an individual links his or her moral convictions or ethical standards to the particular situation at hand.  
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Ethics   Moral principles and values applied to social behavior.  
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Moral Minimum   The minimum degree of ethical behavior expected of a business firm, which is usually defined as compliance with the law.  
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Principle of Rights   The principle that human beings have certain fundamental rights.  
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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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