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BUS223
Chapter One Key Terms
| Term | Definition |
|---|---|
| Descriptive Ethics | Social sciences like psychology and sociology that examine human decision making that provides an account of how and why people DO act |
| Ethical Values | Those properties of life that contribute to human well being and a life well lived (i.e., happiness, respect, honesty, health, integrity) |
| Ethics | [Greek: ethos] The values, norms, beliefs and expectations that determine how people within a culture live and act, and reflects on the standards by which people SHOULD live and act. |
| Morality | Aspects of ethics involving personal/ individual decision-making |
| Normative Ethics | Our reasoning about how we SHOULD act |
| Norms | Standards/guidelines that establish proper behaviour. Norms can be established by diverse perspectives like economics, etiquette or ethics. |
| Personal Integrity | One's completeness within themselves, often derived from the consistency or alignment of actions with deeply held beliefs |
| Practical Reasoning | What one ought to do |
| Theoretical Reasoning | What one ought to believe |
| Risk Assessment | A process to identify potential events that may affect the entity, and manage risk to be within its risk appetite, to provide reasonable assurance regarding the achievement of entity objectives |
| Stakeholders | Anyone who can be affected by the decisions made within a business |
| Social Ethics | The area of ethics that is concerned with how we should live together with others and how social organizations ought to be structured |
| Values | Those beliefs that incline us to act in one way rather than another |
Created by:
13rallie
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