Terminology Chapters 4-8

Terminology Chapters 4-8 - Chapter 4 Terminology Business...

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Chapter 4 Terminology Business Ethics: The accepted principles of right or wrong governing the conduct of businesspeople Ethical Strategy: A course of action, that does not violate ethical principles. Sullivan Principles: A twofold approach to doing business in apartheid South Africa, comprising passive resistance to apartheid laws and attempts to influence the abolition of apartheid laws. Foreign Corrupt Practices Act: A U.S act outlawing the payment of bribes to foreign government officials in order to gain businesspeople Convention of combating Bribery of Foreign Public Officials in International Business Transactions: A convention obliging member states to make the bribery of foreign public officials a criminal offense. Social responsibility: The idea that businesspeople should consider the social consequences of economic actions and give preference to outcomes with positive social and economic consequences when making business decisions. Noblesse Oblige: A french term referring to the honorable and benevolent behavior required of persons of noble birth. Personal Ethics: The generally accepted principles of right and wrong governing the conduct of individuals Ethical Dilemma: A situation in which none of the available alternatives seem ethically acceptable. Organization Culture: The values and norms that are shared among employees of an organization. Cultural Relativism: The belief that ethics are nothing more than a reflection of a culture and that firms should simply adopt the ethics of the cultures in which they operate. Righteous Moralism: The belief that a multinationals home country standards of ethics are the appropriate ones for companies to follow in foreign countries. naïve Immoralism: The belief that if a manager of a multinational sees that firms from other nations are not following ethical norms in a host nation, that manager should not either. Utilitarian Approaches to Ethics: These hold that the moral worth of actions or practices is determined by their consequences. Kantian Ethics: The belief that people should be treated as ends and never as means to the ends of others. Rights Theories: A twentieth century ethical approach based on the belief that human beings have fundamental right sand privileges that transcend national boundaries and cultures. Universal Declaration of Human Rights: A UN document inspired by Kantian and rights theories and ratified by almost every country on the planet; it lays down basic principles that should always be adhered to, irrespective of the culture in which one is doing business. Justice Theories: Ethical approaches that focus on the attainment of a just distribution of economic goods and services. Just Distribution: A distribution that is considered fair and equitable. Code of Ethics:
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This note was uploaded on 09/08/2010 for the course BUS 187 at San Jose State University .

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Terminology Chapters 4-8 - Chapter 4 Terminology Business...

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