MGT 401 Lecture Notes - Lecture 2: Moral Relativism, Business Ethics, Positive Law
19 Sep 2015
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Unwritten rules we have developed for our interactions with each other. Being honest and fair in our interactions with each other, whether personally or in business. Positive law: ethical decisions are made simply upon the basis of whether an activity is legal. Positive law or codified law establishes the standards of ehtical behavior. Natural law: moral standards dervived from a higher source and are universal. Moral relativism: establishes moral standards according to the situation in which dilemma is faced. What are the categories of ethical dilemmas: taking things that don"t belong to you, saying things you know are not true, giving or allowing false impressions, buying influence or engaging in conflict of interest, hiding or divulging informaion. Hiding information new place of employment harmful to purchasers. : taking your firm"s product development or trade secrets to a. : failed to indicate that your firm"s new drug has side effects. Businesses took advantage of customers who were not educated.
