Business Ethics: Ethical Decision Making and Cases

Flashcards covering key concepts of corporate and organizational culture, ethical decision-making, and relevant terms in business ethics.

Corporate Culture

The shared beliefs and values of top management about how to manage themselves and other employees, and how to conduct business.

Organizational Culture

Shared values, norms, and artifacts that influence employees and determine behavior within an organization.

Ethical Corporate Culture

Measured by management's commitment to integrity, involvement in compliance, and communication of ethical issues.

Compliance Culture

A legalistic approach to ethics, focused on risk management and established codes of conduct.

Values-Based Ethics Culture

Depends on a mission statement defining core values and treatment of customers and employees.

Differential Association

The idea that individuals learn ethical or unethical behavior through interaction with others.

Whistle-Blowing

Exposing an employer’s wrongdoing to external entities like the media or government.

Sarbanes-Oxley Act (SOX)

Legislation requiring companies to adhere to certain ethical standards and management assessments of internal controls.

Caring Culture

A type of organizational culture with high concern for people but low concern for performance.

Apathetic Culture

A type of organizational culture characterized by minimal concern for both people and performance.

Exacting Culture

An organizational culture with low concern for people but high concern for performance.

Integrative Culture

A culture that shows high concern for both people and performance.

Cultural Audit

Assessment of an organization’s values and culture.