BUA 343 Lecture Notes - Lecture 5: Corporate Social Responsibility

• School: University of Maine
• Department: Business Administration
• Course: BUA 343
• Professor: Myer

Document Summary

Chapter 5: ethics, sustainability, & corporate social responsibility in international. Ethics moral principles and values that govern the behavior of people, firms, and governments, regarding right and wrong. Relativism belief that ethical truths are not absolute but differ from group to group. Opt for passive acceptance of values, behaviors, and practices that prevail in each of the countries where they do business. Normativism belief that ethical behavioral standards are universal, and firms and individuals should seek to uphold them around the world.