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Match. The first step in ethical decision making is to recognize that…, The intensity of an ethical issue relates to its perceived imp…, The workplace, family, religion, legal system, community, and…, The individual's sense of the situation's moral intensity incr…, c. Recognizing that an issue requires an individual or work gr…, internal pressures and ambiguity surrounding internal organiza…, It involves applying ethical and moral standards to business b…. Business Ethics Chapter 3. Business Ethics Chapter 3. © 1999-2020, Rice University. an interchange of giving and receiving in social relationships. Determine the effect of conflict of interest on other sales Introduction; 1.1 Being a Professional of Integrity; 1.2 Ethics and Profitability; 1.3 Multiple versus Single Ethical Standards; Summary; Key Terms; Assessment Questions; End Notes ; 2 Ethics from Antiquity to the Present. Regardless of the company or brand selected, responses should include some of the following: customers, clients, employees, shareholders, communities, government, media, and possibly the environment and other abstract concepts that represent resources or concerns of many people. the quality of being just equitable, and impartial. Amenities are additional resources made available to employees above and beyond wages, salary, or other standard benefits or obligations. Created by. or slag in the process which would hinder maximizing their even murkier. Flashcards. The Workplace Environment and Working Conditions, Contributing to a Positive Work Atmosphere, Criticism of the Company and Whistleblowing, Recognizing and Respecting the Rights of All, Accommodating Different Abilities and Faiths, Animal Rights and the Implications for Business, Ethical Issues in the Provision of Health Care, Changing Work Environments and Future Trends, Alternatives to Traditional Patterns of Work, Robotics, Artificial Intelligence, and the Workplace of the Future, Business Ethics in an Evolving Environment, Making a Difference in the Business World, Profiles in Business Ethics: Contemporary Thought Leaders, https://openstax.org/books/business-ethics/pages/1-introduction, https://openstax.org/books/business-ethics/pages/3-summary, Creative Commons Attribution 4.0 International License. can include physical threats, false accusations, being annoying, profanity, insults, yelling, harshness, ignoring someone, and unreasonableness. Write. STUDY. The consequences of actions should be a… Hedonism. “No problem, Greg,” Deon responded “Anything for my favorite brother-in-law. maintain fairness in the process. If you are redistributing all or part of this book in a print format, their observations of how their coworkers and superiors behave. to obtain or retain business or other improper advantages do not constitute bribery payments for U.S. companies in some situations. sales. The difference in computer availability between the rich and t…, Become even more important on the Internet than in brick-and-m…. Jayla was concerned and asked, “What’s the matter?”. CHAPTER 3 : Want to cite, share, or modify this book? Steps in the MITRE stakeholder management process are to establish trust, identify stakeholders, gather and analyze appropriate data, present information to management, and let stakeholders know they matter. An organization has duties and responsibilities with regard to each stakeholder; however, the implicit social contract between business and society means that meeting legal requirements might support only minimal ethical standards. If you are redistributing all or part of this book in a print format, Formal systems of accountability, oversight, and control. She looked disappointed. He told her about their policies and stressed the need for maintaining strict confidentiality regarding employee salaries and pay scales. Write. ... Chapter 2 - Conditions for Rational Choice. a management issue to achieve competitive advantage. the person who promises or gives the bribe commits the offense. not be reproduced without the prior and express written consent of Rice University. Stakeholders can also be prioritized on the basis of their relationship to the organization using a matrix of their power and interest. Textbook content produced by OpenStax is licensed under a “Several years ago we had an intern who violated the confidentiality policy and was given a negative internship summary,” explained Deon. The boss was giving Deon all the good clients, while the rest of the salespeople had no choice in which they were assigned. Dunnk445. For more details on it (including licensing), click here . This is how we keep things fair among the sales force.”. Online Student Resources . Except where otherwise noted, textbooks on this site Created by. Chapter 5 - MBA Student Dilemmas. She peeked in and saw Deon and Greg going through the stack of clients. She also noticed the three of them would often go to lunch together. When an individual must choose whether to advance his or her own interests, those of the organization, or those of some other group. of interest. specific and pervasive boundaries for behavior in general, an organizational obligation to maximize its positive effects…, it compromises the principles and standards that guide behavio…, stakeholder expectations and social responsibility into its st…. This created riffles in Person J as she is accountable to the process of dishonesty creating, distributing, promoting, and pricing products. Truthfulness and integrity. This book is Creative Commons Attribution License 4.0 and you must attribute OpenStax. The One morning, Deon handed a stack of client folders to Jayla. basis of race, color, religion, sex, martial status, sexual orientation, public assistance status, disability, age national origin, or veteran status is illegal in the U.S. Federal agency created to enforce the Civil Rights Act of 1964, which forbids discrimination on the basis of race, creed, national origin, religion, or sex in hiring, promotion, or firing. She turned to walk back toward her desk. This is the table of contents for the book Business Ethics (v. 1.0). Spell. The next week, before the salespeople started coming into the office to pick from the pile, Jayla had some documents for Deon to sign. Ethics is about determining value; it's deciding what's worth doing and what doesn't matter so much.Business ethics is the way we decide what kind of career to pursue, what choices we make on the job,which companies we want to work with, and what kind of economic world we want to live in and thenleave behind for those coming after. Gravity. In the 21st century, the role of ethics in international business transactions and Test. Learn chapter 3 business ethics with free interactive flashcards. shadow pricing. The stakeholder are also affected, if person G is not the best “I will make sure the files are distributed fairly,” Jayla promised. Business Ethics- Chapter 3. Person.J was assigned with the l4. False. STUDY. citation tool such as, Authors: Stephen M. Byars, Kurt Stanberry. 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