Business Law - Chapter 4
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Utilitarianism
Outcome based ethics.
CSR
Corporate Social Responsibility - combines a commitment to good citizenship with a commitment to making ethical decisions, improving society, and minimizing environmental impact.
Kantian Ethics
Duty based ethics
Root cause of misconduct
SCANDAL
Principle of rights
belief that a key factor in determining whether a business decision is ethical is how that decision affects the rights of others
Moral Minimum
compliance with the law. people & entities merely comply w/T law, they are acting at the lowest ethical level society will tolerate
Stakeholders
groups affected by corporate decisions
Alternative definition of CSR
moral/ethical obligation of corporate citizens to their community. Not legal. Not law.