This guide to business ethics provides key terms and concepts related to business ethics in a short, easy-to-use format. It provides objective coverage of theories, corporate social responsibility, human resources issues, consumer protection, and ethical issues in marketing and advertising. It is an ideal supplement for business ethics courses or as a reference for students and practitioners who would like to learn more about the basics of business ethics.
Ethical Decision Making
Ethical decision making is a cognitive process that considers various ethical principles, rules, and virtues or the maintenance of relationships to guide or judge individual or group decisions or intended actions. It helps one determine the right course of action or the right thing to do and also enables one to analyze whether another's decisions or actions are right or good. It seeks to answer questions about how one is supposed to act or live.
Ethical Decision-Making Process
Many ethics scholars have developed models of ethical decision making or provided us with specific procedural steps enabling one to reach an ethically supported decision or course of action. In the abstract, this process is a fairly rational and logical course. In reality, ethical ...