ADM 1301 Lecture Notes - Lecture 7: Descriptive Ethics, Business Ethics, Otto Bremer
3 Jan 2016
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Document Summary
The study of business situations, activities, and decisions where issues of right and wrong are addressed. Rules, standards, codes or principles which provide guidelines for morally right behaviour and truthfulness in specific situation. The application to business activity of ethics, the study of moral or principles of what is right or wrong in human. Concerned with the beliefs that determine what is acceptable (and what is not) in business. Applies a group"s standards of right and wrong to the decisions and actions of business organization, managers, and employees. Common themes emerging from definitions of business ethics. Subjective evaluations of what is considered important, based on how managers intuitively feel about the goodness or rightness of various goals. The means by which individuals judge their actions and the actions of others based upon accepted behaviour in society. Morals- are ideals for behaviour or guidelines that set the boundaries of acceptable behaviour.
