Term
|
Definition
| Ethics in a business context; a consensus of what constitutes right or wrong behavior in the world of business and the application of moral principles to situations that arise in a business setting, |
|
|
Term
|
Definition
| A concept developed by the philosopher Immanuel Kant as an ethical guideline for behavior. In deciding whether an action is right or wrong, or desirable or undesirable, a person should evaluate the action in terms of what would happen if everybody else in the same situation, or category, acted the same way. |
|
|
Term
| Corporate social responsibility |
|
Definition
| The concept that corporations can and should act ethically and be accountable to society for their actions. |
|
|
Term
|
Definition
| A decision-making technique that involves weighing the costs of a given action against the benefits of the action. |
|
|
Term
|
Definition
| A reasoning process in which an individual links his or her moral convictions or ethical standards to the particular situation at hand. |
|
|
Term
|
Definition
| Moral principles and values applied to social behavior |
|
|
Term
|
Definition
| The minimum degree of ethical behavior expected of a business firm, which is usually defined as compliance with the law. |
|
|
Term
|
Definition
| The principle that human beings have certain fundamental rights. |
|
|
Term
|
Definition
| Sometimes, publicly held companies use funds from their own treasuries to repurchase their own stock, with the result being that the price of the stock usually goes up. |
|
|
Term
|
Definition
| A certificate that grants the owner the option to buy a given number of shares of stock, usually within a set time period. |
|
|
Term
|
Definition
| An approach to ethical reasoning in which ethically correct behavior is not related to any absolute ethical or moral values but to an evaluation of the consequences of a given action on those who will be affected by it. |
|
|
