Business Ethics Key Words 3.0 / 5 based on 1 rating ? Religious StudiesEthicsA2/A-levelOCR Created by: Emily WrightCreated on: 16-04-13 11:52 Micro-Ethics Deals with the smaller details that constitute an ethical approach 1 of 15 Social Responsibilty Businesses that hve a responsibility toward society 2 of 15 Stake Holders People who own the company (Employees, Consumers, wider community) 3 of 15 Bourgeoisie Middle class industril owners 4 of 15 Proletariat Workers and lower wage earners 5 of 15 Whistleblowing Revealing corruption or wrong doing in business 6 of 15 Globalisation Integration of economies, cultures, governmental policies and political movements around the world 7 of 15 LEDC Less Economically Developed Country 8 of 15 MEDC More Economically Developed Country 9 of 15 Karl Marx Supporeted the Prolateriat against the Bourgeoisie 10 of 15 Adam Smith Asserted a theory of free market competition in line with supply and demand 11 of 15 UNDP United Nations Developmentl Project, aims to make ideals of globalistion a reality 12 of 15 Virtue Theory Suggests a holistic approach that supports business being more ethical 13 of 15 Kantian Ethics Difficult to approach in buiness, peoples needs are not necessarily profitable 14 of 15 Utilitarianism Happiness is maximised then theoretically more people will benefit. Varied on type of utilitarianism 15 of 15
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