ADMS 3660 Study Guide - Midterm Guide: Egotism, Business Ethics, Milgram Experiment

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Document Summary

Business ethics- moral standards to business policies (right/wrong) Csr- moral evaluation of impact an organization has on society. Ethics/law- most laws are ethical (unethical: abortion/death penalty) Myths- business ethics is an oxymoron, fad, personal ethics. Descriptive- what is | normative- what it ought to be. Ethical dilemma- reflect moral standards, determine moral decision (right vs right) Level 1 preconventional (self): (1) fear punishment (2) serve ones needs. Level 2 conventional (group): (3) approval from family/friends (4) adherence law. Level 3 post conventional (autonomy): (5) social contract (6) universal ethical principles. Moral responsibility- wrongful acts performed, mitigated by uncertainty/difficulty involvement (milgram experiment: commit various acts if ordered by authority) Moral reasoning process (1) ethical issues (2) moral standards (3) moral judgement (4) moral behaviour. Trustworthy: honesty/integrity (wholeness/complete/financial pressure), promising keeping, loyalty. Citizenship: obey laws/protect environment: relativism- reference points if one believe morally acceptable.