Business ethics — definition?
Study of right and wrong in business decisions.
Dimensions of business ethics?
People, planet, profit, future generations.
Ethical dilemma — meaning?
A situation with conflicting moral choices.
Manager Personality Model — components?
Id, Ego, Superego.
Defense mechanisms — purpose?
Protect from psychological distress or guilt.
Cognitive dissonance — mechanism?
Conflict between beliefs and actions.
Key philosopher — Machiavelli?
Emphasized power and ends justify means.
Hobbes — view of humans?
Selfish, need strong authority.
Locke — key idea?
Natural rights and tabula rasa.
Rousseau — belief about humans?
Innately good, corrupted by society.
Socrates — contribution?
Moral self-reflection and inquiry.
Plato — focus?
Justice and virtues.
Universal moral rules — origin?
From religious ethics, divine authority.
Modern ethics — emphasis?
Individualism and rational thinking.
Shift of values — from?
Universal, religion-based to subjective, individual.
Stakeholders — definition?
People affected by organizational decisions.
Ethical dilemma — key feature?
No perfect or universally right choice.
Id — role?
Instinctual drives seeking immediate pleasure.
Ego — function?
Balances impulses with reality.
Superego — role?
Internal moral standards and ideals.
Test your knowledge with 10 questions on Foundations of Business Ethics and Moral Decision-Making.
1. How should a manager apply the concept of business ethics when making a decision about a new supplier?
2. Which features are considered key components of the Business Ethics Dimensions as described in the source?
Review the complete course in the revision sheet for Foundations of Business Ethics and Moral Decision-Making.
See revision sheet →Import your course and AI generates flashcards in 30 seconds.
Flashcard generator