BA exam 1 review

BA exam 1 review - Social Responsibility - an...

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Social Responsibility - an organization’s obligation to maximize its positive impact on stakeholders and to minimize its negative impact. Business ethics – comprises the principles and standards that guide behavior in the world of business. Ethical Issues – Factors that influence an ethical business decision – (1) individual – his/her own personal and moral values. (2) Organizational relationship – impacts of upper management on the individual a. Impact of immediate supervisor (3) opportunity – opportunity to make a decision Historical development of business ethics – (1) Before 1960’s – theological issues begin to emerge a. Catholic social ethics – concern for marality, worker rights and living wages b. Protestants – developed ethical courses in their seminars. There work ethic encouraged frugality and hard work. (2) 1960’s – The rise of social issues in business a. Social consciosness emerged b.
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BA exam 1 review - Social Responsibility - an...

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