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13 Terms

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utilitarianism

A moral theory stating that the best action is the one that maximizes overall happiness or utility, often summarized as "the greatest good for the greatest number." It evaluates actions based on their consequences.

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Virtue Ethics

A moral philosophy that emphasizes character and the virtues that an individual should cultivate to achieve a good and fulfilling life, focusing on being rather than doing.

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Whistle-blowing

When an employee discovers unethical, immoral or illegal actions at work, the employee makes a decision about what to do with this information. Whistle blowing is the term used to define an employee's decision to disclose this information to an authority figure (boss, media or government official).

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Fraudulent Misrepresentation

someone knowingly tells a lie (a false statement of fact) to trick you into a deal, and you believe the lie, rely on it, and suffer financial harm because of it

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Defamation

Defamation is making a false statement of fact about someone that harms their reputation

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Breach of Warranty

a product or service fails to meet the promises

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Strict Liability Tort

holds the manufacturer responsible for a defective product that causes injury, even if the manufacturer was not negligent in their production process.

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auditor

professional who examines financial records, not necessarily an employee reporting internal misconduct.

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C.

Sole Proprietorship

legally inseparable from its owner, resulting in unlimited personal liability for business debts and obligations.

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flex times

allows for workers to choose there work hours

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green marketing

ozone safe, recycable anything that sounds good for the planet building consumer loyalty.

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ethics

guidelines for good behavior

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telecommuting

working from home