Term
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Definition
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Term
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Definition
| The study of right and wrong |
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Term
| Distinguish between ethics and morality? |
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Definition
| Some people distinguish between the two. We will use them interchangeably. |
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Term
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Definition
| The study of what constitutes right and wrong, or good and bad, human conduct in a business context |
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Term
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Definition
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Term
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Definition
| The study of right and wrong |
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Term
| Distinguish between ethics and morality? |
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Definition
| Some people distinguish between the two. We will use them interchangeably. |
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Term
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Definition
| The study of what constitutes right and wrong, or good and bad, human conduct in a business context |
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Term
| Characteristics of moral standards |
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Definition
• Concern behavior that is of serious consequence to human welfare
• Take priority over other standards, including self-interest
• Their soundness depends on the adequacy of the reasons that support or justify them. |
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Term
| • Moral Standards vs. Etiquette |
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Definition
Rules for socially acceptable behavior are not moral standards
-Don’t eat with your mouth full.
-Say please and thank you. |
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Term
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Definition
An action can be moral but not legal.
An action can be legal but not moral. |
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Term
| Moral Standards vs. Professional Codes of Ethics |
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Definition
| Rules that govern the conduct of members of a given profession. |
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Term
| Societal norms-Ethical Relativism |
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Definition
The right thing to do is what one’s culture says is right.
-This keeps culture stagnant – no moral growth
-It leaves no basis for one culture to pass judgment on another’s actions
-One’s culture is hard to identify in the modern world. |
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Term
| Role of religion—positive and negative |
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Definition
Nearly every religion has a version of the “Golden Rule”
-Most theologians disagree with divine command theory. |
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Term
| Instead, God commands what is right and forbids what is wrong. |
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Definition
Saying that something is right because God says so is not persuasive to the atheist.
-There are differences of opinion about what God commands. |
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Term
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Definition
| Soccer and pizza party example |
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Term
| Business values in tension with personal values |
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Definition
§ What is my responsibility as an employee? As a person?
§ Social pressures can make it hard to stick with our moral rules.
§ Corporations can bring pressure to bear against our personal values. |
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Term
| Organizational conformity—herd instinct—group norms |
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Definition
Being a member of a team can require that people relinquish some of their personal freedom in
order to further organization goals.
§ Psychological studies show that people will change their answers to questions to agree with the
majority.
§ Groupthink – group members may have the illusion that the group is invulnerable or that because
the group is good or right, whatever it does is permissible. |
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Term
| Diffusion of Responsibility |
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Definition
“I’m just doing my job”.
-“If I don’t do it, someone else will.”
-“It’s someone else’s responsibility.” (The Kitty Genovese story) |
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Term
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Definition
Conscience often reflects principles that have not been critically examined.
Terrible crimes have occasionally been committed in the name of conscience. |
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Term
| Moral Principles and Self-interest |
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Definition
Morality serves to restrain our purely self-interested desires so we can all live together in society
Having a moral principle involves having a desire to follow the principle for its own sake
Paradox of Selfishness - People who are exclusively concerned with their own interests tend to have less happy and less satisfying lives than those whose desires extend beyond themselves. |
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