Quiz 2: Ethics

the collection of values that guides our behavior

is a systematic statement of right and wrong together with a philosophical system that both justifies and necessitates rules of conduct

the end result of ethical examination

is an approach to ethics that affirms an absolute morality

moral obligation, not to lie

you have a moral duty to act in the way you believe everyone shuold act

concerns itself with how to consturct a just society given the many inequalities of wealth, knowledge, and social status

concerns itself with the moral consequences of actions rather than with the morality of the actions themselves

judges actions by usefulness, by whether they serve to increase the common good

the current focus on consequentialism in business ethics is due to the decline in business life of what has been described as the???

to be forthright in dealings with customers and stakeholders

to accept the consequences of our marketing decisions and strategies

to balance justify the needs of the buyer with the interests of the seller

to create a spirit of openness in marketing operations

to fulfill the economic, legal, philanthropic and societal responsibilities that serve stakeholders

because the state will likely regulate these professions if they do not do so themselves, it is apporopriate to term their ethical codes

-maintains that ethical corporate behavior depends on managers who recognize and take into account the various stakeholders whose interests the corporation impacts
-holds that ethical corporate behavior requires that directors and managers take into account everyone who interests the corporation impacts

exists whenever there are two or more points of view

arises when one party makes a claim that another party denies

is the process used to peruade or coerce someone to do what you want them to do

attorneys assemble a group of citizens and present their evidence. this group then deliberates and makes findings

to avoid the various expenses of litigation, disputing parties sometimes agree to have a third party decide the merits of the dispute

the decision maker who should be disinterested in any financial impact of the decision and neutral regarding the issues presented in the dispute

when a statute or court requires parties to arbitrate

the parties authorize an arbitrator to make a decision that binds these parties and resolves their dispute

after the submission, a hearing in conducted by the arbitrator. Both parties are allowed to present evidence and to argue their own points of view. Then a decision is handed down

commonly appear in business contracts

arise when parties already in dispute decide that arbitration is better than litigation

courts throughout the U.S. have uniformly uphelp mandatory arbitration statutory schemes as against the constitutional challenges previously mentioned where a dissatisfied party can reject the arbitrator's award and seek a

menas that the court tries the issues anew as if no arbitration occured

a better approach to negotiating among disputing parties has been described

the process by which a thir person attempts to assist disputing parties in resolving their differences

occurs when the mediator meets privately with one party without the other party

the parties resolve all the matters of contention that they can and they agree to arbitrate the unresolved matters