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Glossary

  • Page ID
    54091
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    Example and Directions
    Words (or words that have the same definition)The definition is case sensitive(Optional) Image to display with the definition [Not displayed in Glossary, only in pop-up on pages](Optional) Caption for Image(Optional) External or Internal Link(Optional) Source for Definition
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    Glossary Entries
    Word(s)DefinitionImageCaptionLinkSource
    IntegrityThe quality of being honest and having strong moral principles, especially in professional settings.    
    ProfitabilityThe ability of a business to generate income relative to its expenses, often linked to ethical decisions and practices.    
    Ethical StandardsA set of principles or rules that guide decisions and actions, ensuring they align with moral or professional conduct.    
    ProfessionalismThe conduct, aims, or qualities that characterize a profession or professional person, emphasizing ethical behavior and standards.    
    Multiple Ethical StandardsThe consideration of various moral frameworks and codes, often across cultures or industries, to guide ethical decision-making.    
    Virtue EthicsAn ethical theory emphasizing moral character and virtues over rules or consequences in determining ethical actions.    
    UtilitarianismA moral philosophy that advocates for actions that maximize overall happiness or benefit for the greatest number of people.    
    DeontologyAn ethical theory that stresses duty, rules, and obligations, focusing on actions themselves rather than outcomes.    
    A Theory of JusticeA framework for understanding fairness, rights, and justice within societal structures, often emphasizing equality.    
    StakeholdersIndividuals or groups who have an interest in the activities, outcomes, or ethical practices of a business.    
    Stakeholder OrientationThe approach where a business considers the interests and well-being of all its stakeholders, not just shareholders.    
    Weighing Stakeholder ClaimsThe process of evaluating and prioritizing the interests of various stakeholders in business decision-making.    
    Corporate Social Responsibility (CSR)A business model where companies integrate social and environmental concerns in their operations, beyond profit-making motives.    
    Corporate LawThe body of law governing the rights, relations, and conduct of businesses and their stakeholders, including obligations to society.    
    SustainabilityThe principle of conducting business in a way that balances profitability with the well-being of the environment and society.    
    Private SectorThe part of the economy that is not owned or controlled by the government, typically consisting of businesses and corporations.    
    Geography and Business EthicsThe influence of location, cultural norms, and regional practices on the ethical decisions businesses make.    
    Religion and Business EthicsThe role that various religious teachings and beliefs play in shaping the ethical behavior of individuals and businesses.    
    Universal Ethical ValuesThe idea that certain ethical principles (such as fairness or respect) apply across cultures and societies.    
    Workplace EnvironmentThe physical and social conditions in which employees work, which can affect morale, productivity, and ethical practices.    
    Fair WageA wage considered to be just, equitable, and reflective of the work performed, often addressing issues like minimum wage and equal pay.    
    Organized WorkforceThe collective effort of employees, often organized into labor unions, to improve working conditions and negotiate fair terms.    
    Privacy in the WorkplaceThe right of employees to have personal information and activities protected from unwarranted intrusions by employers.    
    Loyalty to the CompanyThe ethical expectation that employees will support and contribute positively to the organization they work for.    
    Loyalty to the Brand and CustomersThe obligation employees have to promote and protect the company's image, as well as maintain customer trust.    
    Positive Work AtmosphereAn environment at work that fosters collaboration, respect, and ethical conduct among employees.    
    Financial IntegrityThe commitment to honest, transparent, and responsible management of company finances.    
    WhistleblowingThe act of reporting unethical, illegal, or harmful activities within an organization, often at personal risk.    
    Diversity and InclusionEfforts to promote a workforce that is diverse in terms of race, gender, background, and experiences, and to foster an inclusive culture.    
    Accommodating Abilities and FaithsThe responsibility of businesses to adapt the workplace for individuals with disabilities and to respect different religious practices.    
    Sexual Identification and OrientationThe recognition and respect of diverse sexual identities and orientations within the workplace.    
    Income InequalitiesThe ethical issue of disparities in income among workers, which can be influenced by factors like job role, race, gender, and geography.    
    Animal Rights in BusinessThe ethical treatment and rights of animals in industries such as food production, cosmetics, and entertainment.    
    EntrepreneurshipThe practice of starting and operating new businesses, often involving ethical considerations regarding market impact and social responsibility.    
    Advertising EthicsThe moral guidelines and considerations surrounding advertising practices, particularly regarding honesty, manipulation, and social impact.    
    Insurance Industry EthicsEthical issues in the provision of insurance, including fairness, transparency, and customer treatment.    
    Healthcare EthicsThe moral challenges faced in the delivery of health services, balancing care, profit, and ethical patient treatment.    
    TelecommutingThe practice of working from remote locations, often raising ethical issues around work-life balance, trust, and productivity.    
    Workplace CampusesThe concept of companies creating large, collaborative office spaces designed to improve employee creativity, communication, and well-being.    
    Alternatives to Traditional Work PatternsNew approaches to work, including part-time, flexible schedules, and gig work, raising ethical issues around fairness, stability, and workers' rights.    
    Robotics and AI in the WorkplaceThe integration of robots and artificial intelligence into business operations, raising ethical concerns regarding labor displacement, fairness, and safety.    
    Business Ethics in an Evolving EnvironmentThe recognition that ethical standards must adapt as society, technology, and business practices evolve.    
    Commitment to an Ethical ViewThe necessity for businesses to commit to and uphold a coherent set of ethical principles as part of their identity and decision-making processes.    
    Becoming an Ethical ProfessionalThe process of developing and maintaining a personal and professional commitment to ethical standards in one's career.    
    Making a Difference in the Business WorldThe potential for businesses to contribute positively to society and drive ethical change through leadership, policies, and practices.    
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