conflict of interest
. exists when an individual must choose whether to advance his or her own interests, those of the organization, or those of some other group.
Which of the following does refer to the decisions made by an individual or a work group that society evaluates as right or wrong?
Explanation:
Business ethics
relates to an individual’s or a work group’s decisions that society evaluates as right or wrong, whereas social responsibility is a broader concept that concerns the impact of an entire business’s activities on society.
What concept refers to a person’s personal philosophy about what is right or wrong group of answer choices?
Personal ethics
refers to a person’s beliefs about what’s right and wrong and guides individuals in the decisions they make both in and out of the workplace.
Is a problem or a situation that requires a person or an organization to choose between alternatives that must be evaluated as right or wrong?
Ethical issues
are problems or situations that require a person or organization to choose between alternatives that must be evaluated as right (ethical) or wrong (unethical).
What is a key step in evaluating ethical decisions in business?
Learning to recognize and resolve ethical issues
is a key step in evaluating ethical decisions.
What are morals based on?
Morals are formed
out of a person’s values
. Values are the foundation of a person’s ability to judge between right and wrong. Morals build on this to form specific, context-driven rules that govern a person’s behavior. They’re formed from a person’s life experience and are subject to opinion.
What is morality example?
Morality is the standard of society used to decide what is right or wrong behavior. An example of morality is
the belief by someone that it is wrong to take what doesn’t belong to them
, even if no one would know. … Principles of right and wrong in conduct; ethics.
Is the study of what is morally right and wrong?
Ethics
is the philosophical study of Morality. … Ý A moral theory, then, explains why a certain action is wrong — or why we ought to act in certain ways. ÝÝ In short, it is a theory of how we determine right and wrong conduct.
How do utilitarians make moral decisions?
Utilitarianism is an ethical theory that determines right from wrong by focusing on outcomes. It is a form of consequentialism. Utilitarianism holds that the most ethical choice is the
one that will produce the greatest good for the greatest number
.
What are the 5 ethical frameworks?
- The Utilitarian Approach. …
- The Rights Approach. …
- The Fairness or Justice Approach. …
- The Common Good Approach. …
- The Virtue Approach. …
- Recognize an Ethical Issue.
- Get the Facts.
- Evaluate Alternative Actions.
What are professional morals?
(2) Professional morality is
the set of binding moral obligations to which professionals ought to be committed because of their special skills, functions, working milieu, etc
. … Ordinary morality is the set of considerations which would make the acts immoral in the case of nonprofessional agents.
How should we define morality?
Morality refers
to the set of standards that enable people to live cooperatively in groups
. It’s what societies determine to be “right” and “acceptable.” Sometimes, acting in a moral manner means individuals must sacrifice their own short-term interests to benefit society.
What are personal morals?
Personal morality refers
to the principles and rules individuals personally live by and believe to be morally right and sound
. Each of us has a personal moral code. This may not be legally or ethically sound, but according to each of our moral values. Personal morality stems from an individual’s conscience.
What are the seven steps in ethical decision making?
- State the problem. …
- Check the facts. …
- Identify relevant factors (internal and external).
- Develop a list of options. …
- Test the options. …
- Make a choice based on steps 1-5.
- Review steps 1-6.
What are five recommended steps to make ethical decisions?
- Think through the ethical dilemmas and identify all components as objectively as possible.
- Consider the options.
- Decide which option is the most ethical.
- How can the option be implemented.
- What are the consequences of your decision.
What is unethical conduct?
Unethical behavior can be defined as
actions that are against social norms or acts that are considered unacceptable to the public
. Ethical behavior is the complete opposite of unethical behavior. Ethical behavior follows the majority of social norms and such actions are acceptable to the public.
