Save
Busy. Please wait.
Log in with Clever
or

show password
Forgot Password?

Don't have an account?  Sign up 
Sign up using Clever
or

Username is available taken
show password


Make sure to remember your password. If you forget it there is no way for StudyStack to send you a reset link. You would need to create a new account.
Your email address is only used to allow you to reset your password. See our Privacy Policy and Terms of Service.


Already a StudyStack user? Log In

Reset Password
Enter the associated with your account, and we'll email you a link to reset your password.
focusNode
Didn't know it?
click below
 
Knew it?
click below
Don't know
Remaining cards (0)
Know
0:00
share
Embed Code - If you would like this activity on your web page, copy the script below and paste it into your web page.

  Normal Size     Small Size show me how

Ethics/Busn Decision

BUL 3103 Placid Chapter 4

TermDefinition
Ethics The study of what constitutes right or wrong behavior.
Business Ethics Focuses on what is right and wrong in the business world.
Moral Minimum The minimal acceptable standard for ethical business behavior is normally considered to be the compliance with the law.
The Sarbanes-Oxley Act Enacted in 2002, requires companies to set up confidential systems so that employees and others can "raise red flags" about suspected illegal or unethical auditing and accounting practices.
Stock Buyback The management of a corporation believes that the market price of its shares is "below their fair price." So, instead of issuing dividends to shareholders, management uses the companies funds to buy its shares in the open market (boosts price of stock)
Ethical Reasoning A reasoning process in which the individual examines the situation at hand in light of his or her moral convictions or ethical standards.
Duty-Based Ethics Derive from revealed truths, such as religious precepts. Also can derive solely from the philosophical reasoning (Kantian Ethics)
Kantian Ethics Individuals should evaluate their actions in light of the consequences that would follow if everyone in society acted the same way. (categorical Imperative)
Principle of Rights The key factor in determining whether a business decision is ethical is how that decision affects the rights of others.
Utilitarianism "The greatest good for the greatest number." It is outcome oriented and focuses on the consequences of an action, not on the nature of the action itself or on any set of preestablished moral values or religious beliefs.
Utilitarian Theory Requirements 1)a determination of which individuals will be affected by the action in question. 2) Cost-benefit analysis 3) A choice among alternative actions that will produce maximum societal utility.
Cost-Benefit Analysis Involves an assessment of the negative and positive effects of alternative actions on these individuals. Ex) Pros and cons list
Corporate Social Responsibility The idea that those who run corporations can and should act ethically and be accountable to society for their actions.
Business Process Pragmatism Five steps: 1) Inquiry 2) Discussion 3)Decision 4)Justification 5)Evaluation
Created by: KAzetapi
Popular Law sets

 

 



Voices

Use these flashcards to help memorize information. Look at the large card and try to recall what is on the other side. Then click the card to flip it. If you knew the answer, click the green Know box. Otherwise, click the red Don't know box.

When you've placed seven or more cards in the Don't know box, click "retry" to try those cards again.

If you've accidentally put the card in the wrong box, just click on the card to take it out of the box.

You can also use your keyboard to move the cards as follows:

If you are logged in to your account, this website will remember which cards you know and don't know so that they are in the same box the next time you log in.

When you need a break, try one of the other activities listed below the flashcards like Matching, Snowman, or Hungry Bug. Although it may feel like you're playing a game, your brain is still making more connections with the information to help you out.

To see how well you know the information, try the Quiz or Test activity.

Pass complete!
"Know" box contains:
Time elapsed:
Retries:
restart all cards