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Man 220 Chapter 3
| Question | Answer |
|---|---|
| Ethics | individual's personal beliefs/moral principles about whether a behavior, action, or decision is right or wrong |
| Code of ethics | how you will operate a business, values, mission statement, |
| instrumental values | means to a desired end. - honesty, ambition, imagination, self discpline |
| terminal values | preferences about desired end states-self respect, family security, freedom, happiness |
| Primary purpose of a business | to create value |
| utilitarian view | view holds that ethical behavior holds the greatest good for the most people |
| Individualism View | view holds that ethical behaviors advance long term self interest |
| Moral Rights View | view holds that ethical behaviors respects and protects fundamental rights shared by all people |
| Justice View | Everyone deserves to be treated impartially and fairly |