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.
Virtue is a condition of a person's character. Having virtue makes doing the right thing the obvious choice among options. Having virtue means that immoral courses of action are ruled out, and this quickens decision making. Virtuous persons would have already determined that they ought to do only whatever is right in a situation. If a person has virtue, this means that he or she does not merely have good intentions but has the ability to act on them. People who manage to be consistently ethical are likely to have virtue to some degree. Those who knowingly act immorally lack virtue. And those who cannot tell the difference between wrong and right lack virtue.
Whether virtue is a set of qualities or just ...