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Chapter 3

Business Ethics

What is the term for a theory of ethics based on doing the most good for the most people in making decisions? Utilitarian Theory
The Locke and Rawlsian standard for ethics that requires that we all agree on certain universal principles in advance is known as... Theory of Justice
what is the term used when a decision maker views a problem from different perspectives and measures the impact of a decision on various groups? Stakeholder Analysis
What is the agreement under Locke and Rawls as to what our ethical standards will be? Social Contract
What is the definition of "primum non mocere"? above all, do not harm
What is the definition of a stakeholder? Those who have a stake, or interest in the activities of a corporation.
What is a natural law? A system of principles to guide human conduct independent of, and sometimes contrary to, enacted law and discovered by man's rational intelligence.
What law enacted and codified by governmental authority? Positive Law
Those who make decisions based on circumstances and not on the basis of any predefined standards is known as... Moral Relativism
What is Kant's categorical imperative? a standard of ethics that requires that we avoid one-sided benefit for us as a result of the conduct or decision
What is it called with a branch of philosophy dealing with values that relate to the nature of human conduct and values associated with that conduct? Ethics
What is the definition of integrity? The adherence to one's values and principles despite the costs and consequences.
The theory of ethics that we should all act in our own self-interest is known as... Ethical egoism
Wha theory is another name for Norick's theory that we all have certain rights that must be honored and protected by the government? Entitlement Theory
Balancing the goal of profits with values of individuals and society is known as... Business Ethics
What is conflict of interest? Conduct that compromises an employee's allegiance to the company
What is the term used when natural law proponents violate positive law? Civil Disobedience
In applying the "front-page-of-the-newspaper" test to a contemplated course of conduct one should ask: Would I be willing to have my spouse, friends, and children read about this if it winds up on the front page of the newspaper>
Created by: kjsquiric820
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