MGMT 1000 Study Guide - Midterm Guide: Chief Financial Officer, Master Production Schedule, List Of Fables Characters
4 Dec 2017
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Chapter 11 lo1, lo2, lo3, lo4, lo5. Chapter 12, lo1, lo2, lo3, lo5 (not lo4) How good people make tough decisions: chapters 1 & 2 *read/take notes* Ethics: individual standards or moral values regarding what is right and wrong or good and bad. Business ethics: ethical or unethical behaviours by a manager or employee of an organization. It is important to make distinction between unethical and illegal behaviour, a given behaviour may be ethical and legal. Jeitinho: to find a way in brazilian- by using personal connections, bending the rules, or making a contribution. In some cultures, ethically ambiguous practices are hallmarks of business activity. Managerial ethics: standards of behaviour that guide individual managers in their work. In canada, a person cannot be fired or not hired for anything other than their workplace performance. Discriminating in that way is both unethical and illegal. Conflict of interest: occurs when an activity benefits an employee at the expense of the employer.
