MASTERY TEST 1 (ABM12)

ETHICS (in a business context)

• enables a person to discern right from wrong

• personal view what is right and wrong

• synonym of morality

• about ethical decision-making based on promoting the greater good and doing what is morally right.

Ethical Business Leadership

• leading people to make their own decision

• creates an environment where ethical behavior is encouraged.

• creating business with good leadership

• personal decision-making that will promote good business

Practical Side of Ethics

• refers to how we live our lives based on other people's view

• refers to how we should live which covers how we act, choose, behave, and do things

• refers to how we see things

• refers to what we do that will help us become better individual

Normative Side of Ethics

• it is somehow similar to descriptive manner of people's action

• it is how we build ourselves

• it is how we are supposed to act in certain situations.

• it is how we act the way we do.

Personal Integrity

• refers to the ethical value we practice

• refers to one's own values that are applied to make ethical decisions.

• refers to personal decision-making that helps build good character.

• personal choice in life

Social Ethics is

• molding of cultures by society

• the way we act towards other people

• the way we behave

• molded through personal interest

Financial Values are

• about personal interest

• concerned with monetary ends

• profits and other things about finance

• the way we value money

Legal Values

• following rules

• respecting one another

• seeking permission for approval

• uphold the law

Ethical Values

• values of the members of a group

• point of view of many

• uphold human being

• uphold the individuality

Ethical Perspective

• teaches that no one person's welfare is more worthy than any other's.

• upholds to the values that are practiced by many

• see things in an ethical manner

• one's values are the basis for one's personal integrity.