management chapter 4

a code of moral principles and values that governs the behaviors of a person or group.

arises in a situation concerning right or wrong when values are in conflict

this decision says that the moral thing to do is the choice the benefits the most people

this approach says everyone promotes their self intrest

this approach says that the ethical choice is the one that does not violate anyones fundamental rights.

holds that ethical decisions must be based on standards of equity., fairness and impartiality.

approach says the ethical thing is to treat all people.

i.e women and men with the same skills be paid the same.

requires all rules be administered fairly. rules should be consistently stated and enforced

argues people wshould be paid for their injuries

is a management obligation to make choices and take actions that will contribute to the welfare and interest of society as well as the organization.

is anygroup or person outside of the organization that has a stake in the orgnaizations performance

refers to the economocic development that generates wealth and meets the needs of the current population while perserving the environment of the needs of the future generations

is purely voluntary and is guided by the organizations desire to make social contributions not mandated by economics laws or ethics

is a formal statement of the companys values ethics and social issues

employee disclosure of illegal or unethical pratices

progams that help employees deal with ethical questions.

a company executive who oversees all aspects of ethics and legal compliance

a group of executives that oversee company ethics by ruling on questionable issues and disciplining violators