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Business Management Notes Chapter 3 Julia Underwood

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Business’Management’Notes’Chapter’3’Julia’Underwood Ethics’and’Social’Responsibility :’ I.’ ’ Ethics’ -A’ code’of’moral’principles’ that’sets’standards’of’good’or’bad,’or’right’or’ wrong,’in’our’conduct. I. Ethical’Behavior ’ a) That’which’is’ right’or’good ’ in’the’context’ of’governing’moral’code. b) Ethical’behavior’is’ value’driven ’ II. Values’ a) Broad’beliefs ’ about’what’is’appropriate’behavior 1. Terminal’Values ’ 2. Preferences’about’desired’ end’states ’ III. Instrumental’Values’ ’ a) Preferences’regarding’the’ means’to’desired’ends IV. Utilitarian’View ’ a) Which’action’delivers’the’m ost’good’to’the’largest’amount’of’people? V. Moral’Rights’View ’ a) Fundamental’rights’of’all’people’are’respected VI. Individualism’View ’ a)
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