ACTG 2010 Lecture Notes - Lecture 5: Stakeholder Management, Stakeholder Theory, Pareto Efficiency
Document Summary
A broad field of inquiry that studies and addresses questions and issues of right and wrong. Deals with individual character and the moral rules that govern and limit our conduct. The recognition of and ethical handling of moral problems. The process of examining and then resolving these recognized moral problems. The possession of the virtues to first recognize a moral problem then work towards resolving it. Etiquette refers to the norms of correct conduct in polite society; any special code or prescriptions of social behaviour or courtesy. Rules of etiquette are generally non-moral in character. And action can illegal and be morally right. An action that is legal can be morally wrong. Religion provides its believers with a world view involving certain instructions, values, and commitments and prescriptions for social relationships. A specialized study of moral right and wrong. It concentrates on moral standards as they apply to business policies, institutions and behaviour.