Ch 5 badm 318 Exam Questions and Answers
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Ethics are determined by cultural context.
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2 Tragedy of the Commons
3 Cultural Relativism 4 Sustainability
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Terms in this set (67)
Ethics Principles of right or wrong governing conduct.
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, 10/22/25, 6:19 AM Ch 5 badm 318 Exam Questions and Answers 100% Correct Flashcards | Quizlet
Business Ethics Ethical principles for business conduct.
Ethical Strategy Course of action adhering to ethical principles.
Corporate Social Business commitment to ethical practices and
Responsibility community welfare.
Meeting present needs without compromising future
Sustainability
generations.
Employment of children in harmful or exploitative
Child Labor
conditions.
Employment Practices Standards for fair treatment of workers.
Human Rights Basic rights entitled to all individuals.
Laws governing pollution and environmental
Environmental Regulations
protection.
Corruption Dishonest conduct by those in power.
Foreign Corrupt Practices U.S. law prohibiting bribery of foreign officials.
Act (FCPA)
Payments made to expedite services, often
Facilitating Payments
considered bribes.
Tragedy of the Commons Overuse of shared resources leading to depletion.
Guidelines for ethical business practices in South
Sullivan Principles
Africa.
Zero-Tolerance Policy Strict enforcement against unethical practices.
Ethical Dilemmas Situations lacking clear ethical alternatives.
Cultural Perspectives Variations in ethical views across different societies.
Executives overseeing international business
Global Managers
operations.
Weak enforcement of laws governing business
Lax Regulations
practices.
Low Labor Costs Reduced wages that attract foreign investment.
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