Study Guides (238,237)
Canada (115,036)
York University (9,811)
ADMS 3660 (32)

Midterm Exam Key Points

5 Pages
Unlock Document

York University
Administrative Studies
ADMS 3660
Mark Schwartz

Unit 1 Ethics- study of morality (right vs wrong) 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) Ethics/Religion- unethical against all regions murder/stealing Ethics/Etiquette (manners)- handshake/kiss (China give business gifts) Myths- business ethics is an oxymoron, fad, personal ethics Unit 2/3 Descriptive- what is | Normative- what it ought to be Ethical Dilemma- reflect moral standards, determine moral decision (right vs right) Moral Development (Kohlberg) 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) Stakeholders- ownership in the business Primary: company, mgrs., employees, customers, suppliers Secondary: govn, competitors, media Moral Reasoning Process (1) ethical issues (2) moral standards (3) moral judgement (4) moral behaviour 7 - Moral Standards 1) Core Values - Trustworthy: honesty/integrity (wholeness/complete/financial pressure), promising keeping, loyalty - Responsibility: accountable for actions/mistakes - Caring: avoid harm - Citizenship: obey laws/protect environment 2) Relativism- reference points if one believe morally acceptable - employee, mgrs., industry, customers, competitors, community (Open store on holiday? Law says to close = reference point competitors are open) 3) Egoism- self interest (max long term profits or share value) (do you let your friends know about job position your interested in?) Psychological Egoism- people act to own self interest Ethical Egoism- people should only act to own self interest 4) Utilitarianism- consequences of actions (greatest good for the greatest number) 1 pleasure + 9 pleasure = 10 9 pain – 20 pleasure = 11 (Train will crash w/100 ppl, you can switch track & train w/50 ppl will crash. Do you switch tracks, save 50 ppl?) 5) Kantianism Universalizable- self-defeating if act is immoral cheat, lie, steal (Dying friend told you to give son his money – self-defeating if break promise) Reversali
More Less

Related notes for ADMS 3660

Log In


Don't have an account?

Join OneClass

Access over 10 million pages of study
documents for 1.3 million courses.

Sign up

Join to view


By registering, I agree to the Terms and Privacy Policies
Already have an account?
Just a few more details

So we can recommend you notes for your school.

Reset Password

Please enter below the email address you registered with and we will send you a link to reset your password.

Add your courses

Get notes from the top students in your class.