MGMT 1000 Study Guide - Midterm Guide: Corporate Social Responsibility, Human Resource Management, Job Performance

• School: University of Guelph
• Department: Management
• Course: MGMT 1000
• Professor: Kathleen Rodenburg

Document Summary

Chapter 3: lo1 - ethics in the workplace. Ethics: are beliefs about what is right and wrong and or good and bad. Ethical behavior: is right and good in the workplace, *ethics vary from person to person, but an enterprise or corporation should all share the same good ethics* Managerial ethics are standards of behavior that guide managers in their work. Behavior toward employees includes hiring and firing, wages, working conditions, privacy and respect. There are laws and regulations that make it illegal for managers to treat employees poorly. Conflict of interest: occurs when an activity benefits an individual at the expense of the employer. 1: determine the most appropriate moral values, make an ethical judgment based on the rightness or wrongness of the proposed activity or policy. Other principles that come into play when deciding if something is ethical: Code of ethics: formal, written acknowledgement of a company"s intent to do business in an ethical manner.