Business Ethics Key Words

Micro-Ethics
Deals with the smaller details that constitute an ethical approach
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Social Responsibilty
Businesses that hve a responsibility toward society
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Stake Holders
People who own the company (Employees, Consumers, wider community)
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Bourgeoisie
Middle class industril owners
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Proletariat
Workers and lower wage earners
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Whistleblowing
Revealing corruption or wrong doing in business
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Globalisation
Integration of economies, cultures, governmental policies and political movements around the world
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LEDC
Less Economically Developed Country
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MEDC
More Economically Developed Country
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Karl Marx
Supporeted the Prolateriat against the Bourgeoisie
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Adam Smith
Asserted a theory of free market competition in line with supply and demand
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UNDP
United Nations Developmentl Project, aims to make ideals of globalistion a reality
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Virtue Theory
Suggests a holistic approach that supports business being more ethical
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Kantian Ethics
Difficult to approach in buiness, peoples needs are not necessarily profitable
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Utilitarianism
Happiness is maximised then theoretically more people will benefit. Varied on type of utilitarianism
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Other cards in this set

Card 2

Front

Social Responsibilty

Back

Businesses that hve a responsibility toward society

Card 3

Front

Stake Holders

Back

Preview of the front of card 3

Card 4

Front

Bourgeoisie

Back

Preview of the front of card 4

Card 5

Front

Proletariat

Back

Preview of the front of card 5
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