Rights Theory - ️️States that we all have rights that cannot be infringed and it's the
governments job to enforce those rights.
Corporate Social Responsibility - ️️States that it is a corporate executive's
responsibility to make as much money for the shareholders as possible, as long as ...
BLW 302 - Exam 1
Rights Theory - ✔️✔️States that we all have rights that cannot be infringed and it's the
governments job to enforce those rights.
Corporate Social Responsibility - ✔️✔️States that it is a corporate executive's
responsibility to make as much money for the shareholders as possible, as long as he
operates within the rules of the game.
Positive Law - ✔️✔️States that our ethical decisions are made simply on the basis of
whether an activity is legal.
Ethical Dilemma - ✔️✔️A conflict that results between a value and basic human drive
What are the four main drives? - ✔️✔️Acquire, Bond, Comprehend, Defend
Natural Law Theory of Ethics - ✔️✔️Assumes there is a predetermination of what or is
not moral. (Divine Command Theory)
Justice Law Theory of Ethics - ✔️✔️A theory that looks at what is fair and what is not
fair. "The right thing to do". (Social Contract)
Power Law Theory of Ethics - ✔️✔️A theory that assumes those in power determine
what is right and wrong
Moral Relativism - ✔️✔️Situational Ethics - Establishes moral standards according to
the situation in which the ethical dilemma occurs.
Utilitarianism - ✔️✔️Requires that we act in the best interests of most people.
Blanchard and Peale Model - ✔️✔️An ethical decision making model that proposes
that any behavior must be in compliance with the law. "Is it legal?"
Front of the Newspaper Test - ✔️✔️A simple ethical model that requires only that a
decision maker envision how a reporter would describe a decision on the front page of a
newspaper.
Laura Nash Model - ✔️✔️An ethical decision making model that forces managers to
seek additional perspectives as decisions are evaluated and implemented.
Wall Street Journal Model - ✔️✔️A resolution model of ethical dilemmas that consist of
compliance, contribution, and consequences.
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