PHIL215 Study Guide - Final Guide: Corporate Social Responsibility, Business Ethics, Stakeholder Theory

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By the end of term each student should be able to: 1. Recognize arguments; differentiate between explanations and arguments: distinguish between different sorts of arguments 4. Explain the significance of corporate accountability, corporate citizenship, the stakeholder theory of the firm, the various traditional and contemporary ethical theories, ethical culture, business ethics management, the various stakeholders and the environment for understanding business and professional responsibilities 5. Demonstrate basic critical thinking skills in clear and precise written work. Business ethics is the study of business situations, activities, and decisions where issues of right and wrong are addressed. Equivocal: simply may not be a definitive right answer to many business ethics problems. Morality is concerned with norms, values, and beliefs embedded in social processes which define right and wrong for an individual or a community. Ethics is concerned with study of morality and application of reason to elucidate specific rules and principles that determine right and wrong for a given situation.

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