Lesson 1272 of 1524
Ethics, Corporate Responsibility, and Sustainability
Ethics and business ethics continue to gain influence in corporations, universities, and colleges nationally and internationally.
Practice this chapterEthics and business ethics continue to gain influence in corporations, universities, and colleges nationally and internationally. No longer considered a luxury but a necessity, business ethics has awakened a need in the public consciousness due to crises in many areas.
Ethics essentially involves how we act, live, lead our lives, and treat others. Our choices and decision-making processes and our moral principles and values that govern our behaviors regarding what is right and wrong are also part of ethics.
ethics — The code of moral principles and values that governs the behaviors of a person or group with respect to what is right or wrong. business ethics — The area of applied ethics that focuses on real-world situations and the context and environment in which transactions occur. justice — Four major tenets: (1) All individuals should be treated equally; (2) Justice is served when all persons have equal opportunities and advantages; (3) Fair decision practices…. rights — Legal rights are entitlements that are limited to a particular legal system and jurisdiction, while moral rights are universal and based on norms in every society.
Worked example
What does “ethics” mean in Ethics, Corporate Responsibility, and Sustainability?
- 1Use the wording this chapter gives for ethics.
- 2The book says: The code of moral principles and values that governs the behaviors of a person or group with respect to what is right or wrong.
- 3Do not use the meaning of business ethics. That term means The area of applied ethics that focuses on real-world situations and the context and environment in which transactions occur.
Result: The code of moral principles and values that governs the behaviors of a person or group with respect to what is right or wrong
Why. That is the meaning this chapter gives for ethics.
Do not swap ethics and business ethics. ethics means The code of moral principles and values that governs the behaviors of a person or group with respect to what is right or wrong. business ethics means The area of applied ethics that focuses on real-world situations and the context and environment in which transactions occur.
Practice margin
This chapter
A fresh set from this chapter only. Choose 10 or 20. Multiple choice and fill-in, with no repeat inside the set.