BU111 Chapter Notes - Chapter 4: Baby Boom, Accenture, Consumerism

• School: WLU
• Department: Business
• Course: BU111
• Professor: Sofy Carayannopoulos

Document Summary

Ethics: ethics are based on individual beliefs and social concepts regarding what is right and wrong or good and bad vary; we are influenced by peers and as experiences shape our lives. In dealing with such agents, there is ethical ambiguity in every activity advertising, financial disclosure, bargaining and negotiation, etc. Assessing ethical behaviour: gather relevant factual information, analyze situation: determine the most appropriate moral values. Utilitarian approach: greatest good for greatest number of people. Rights approach: rights can not be taken away. Fairness/justice approach: equitable distribution of burdens and awards. Caring approach: people"s responsibilities to each other. If no on all 4 criteria, the act/policy is unethical. Is there any reason why one may have been forced into committing an act/following a policy: make judgment: based on the rightness or wrongness of the proposed activity or policy. Radio clip on oil(watched 10 of 20 mins) Ethical oil refers to the way oil is produced,