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MGT 356
Chapter 1
16
Business
Undergraduate 4
02/20/2011

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Term
value system
Definition
a set of personal principles formialized into a code of behavior
Term
intrinsic value
Definition
where a value is a good thing in itself and is pursued for its own sake, whether anything comes from that pursuit or not
Term
instrumental value
Definition
where the pursuit of that value is a good way to reach another value.  For example money is valued for what it can buy rather than for itself
Term
ethics
Definition
how people try to live their lives according to a standard of right or wrong behavior in both how we think and behave toward others and how we would like them to think and behave toward us
Term
culture
Definition
a particular set of attitudes, beliefs, and practices that characterize a group of individuals
Term
golden rule
Definition
do unto others as you have them do unto you
Term
virtue ethics
Definition
a concept of living your life according to a commitment to the achievement of a clear ideal - what sort of person would i like to become, and how do i go about becoming that person?
Term
utilitarianism
Definition
ethical choices that offer the greatest good for the greatest number of people
Term
universal ethics
Definition
actions are take out of duty and obligation to a purely moral ideal rather than based on the needs of the situation, since the universal principles are seen to apply to everyone, everywhere, all the time.
Term
ethical relativism
Definition
where the traditions of your society, your personal opinions, and the circumstances of the present moment define your ethical principles
Term
applied ethics
Definition
the study of how ethical theories are put into practice
Term
ethical dilemmas
Definition
a situation in which there is no obvious right or wrong decision, but rather a right or right answer
Term
ethical reasoning
Definition
looking at the information available to us in resolving an ethical dilemma, and drawing conclusioons based on that information in realtion to our own ethical standards
Term
preconventional
Definition

1. obedience and punishment

2.  individualism, instrumentalism, and exchange

Term
conventional
Definition

3.  good boy/nice girl

4.  law in order

Term
post-conventional
Definition

5.  social contract

6.  pricipled conscience

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