Business Ethics (Leaving Cert Business): Flashcards
📚Flashcards
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10 cards from this deck
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Practise the cards
10 cards from this deck
Business ethics definition
Business ethics definition
Moral principles & standards guiding proper business behavior
Business culture as cause of unethical behavior
Business culture as cause of unethical behavior
Employees copy unethical behavior, esp. from top management
Business goals causing unethical behavior
Business goals causing unethical behavior
Pressure to meet targets overshadows ethical considerations
Lack of rewards effect on ethics
Lack of rewards effect on ethics
No recognition for ethical behavior fosters poor ethics
Lack of penalties effect on ethics
Lack of penalties effect on ethics
Rare inspections normalise unethical behavior over time
Code of ethics purpose
Code of ethics purpose
Written guidelines outlining acceptable staff behavior
Whistleblowing in ethical business
Whistleblowing in ethical business
Respected climate for reporting unethical behavior safely
Modelling ethical behavior
Modelling ethical behavior
Senior staff lead by example, encouraging subordinates
Benefit: Code of ethics on fraud
Benefit: Code of ethics on fraud
Encourages ethical behavior, reduces theft & fraud losses
Challenge: Code of ethics enforcement
Challenge: Code of ethics enforcement
Difficult with off-site staff; damages workplace relations