'Business Ethics' by Stephen M. Byars, Kurt Stanberry Published by OpenStax, Sep 24, 2018, Houston, Texas
Vocabulary matching exercise by Dr Michael A. Riccioli
Match the items on the right to the items on the left.
DRAG and DROP! To match the items, simply drag and drop the words from the right-hand column to the corresponding items on the left.
Access for free at https://openstax.org/books/business-ethics/pages/1-introduction
short-term perspective
social contract
stakeholders
stockholder
utilitarianism
virtue theory
a focus on the goal of maximizing periodic (i.e., quarterly and annual) profits
an implicit agreement among societal members to cooperate for social benefit; when applied specifically to a business, it suggests a company that responsibly gives back to the society that permits it to incorporate, benefiting the community at the same time that it enriches itself
individuals and entities affected by a business’s decisions, including customers, suppliers, investors, employees, the community, and the environment, among others
an individual or institution that owns stock or shares in a corporation, by definition a type of stakeholder; also called shareholder
a normative theory of ethics suggesting that an ethical act is the one whose consequences create the greatest good for the greatest number of people
a normative theory that focuses on proper conduct guided by the training we received growing up