BUSCORE MIDTERM (LESSON 6-7)

39問 • 2年前

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Refers to a concern on which an individual must decide based on several alternatives of what is morally right or wrong

Ethical Issue

moral principles and standards that guide business people in their transactions. generally it sets the moral standards for any kind of business function. however the line separating the standard sometimes overlap which make decision making difficult with certain decisions or actions often having both positive and negative effects

Business Ethics

this is the principle which states that all people should have certain values like honesty , respect , and cooperation . it also requires every person to reenact thiese values in the same way under all circumstances and at all times

Universalism

this is the principle which promotes the greatest good to oneself . it is focus and the perspective that people alltimate lee act for self advancement , no matter how good their intentions are. based on this view , it permissible for a person to cooperate with others as long as this will serve his or her interest.

Egoism

this is a principle which focuses on the greatest good for the greatest number of people . in this perspective , the ultimate concern of managers is to make decisions that are beneficial to the greatest number of people.

Utilitarianism

this is the principle which states that it ethical behavior is based on a person's own and other relevant people's opinion and viewpoints . it acknowledges that there are different standards for each culture . therefore , business transactions may proceed differently from one culture to another

relativism

this is the principle which states that morality depends on the maturity of a person with good moral character . based on society's moral standards , a moral person interpret this as the application of personal virtues like faith, honesty , and others . thus, what is right is based on the level of one's moral adjustment

Virtue Ethics

it refers to the sense of "wholeness"created by the right relationship among the members of the corporation . it has five dimensions

corporate integrity

of all the dimensions this has the most impact on the internal relationships in the company . it is what unites employees , and cultural aspects such as language , rituals , behavioral patterns , and beliefs form the framework that determines the manner by which people relate with one another in engaged experience and situation.

Cultural dimension

managers are encouraged to establish an open atmosphere that will facilitate communication among people with different cultures and backgrounds

cultural dimension

it focuses on the relationships among people . important relationships that impact the organization include family relations , civic life , and work relations .

interpersonal dimension

it considers the main purposes of the business particularly the economic and financial purposes , managerial purpose , and civic purpose . corporations are agents whose actions are in line with their purposes , as embedded in their mission or vision statement

Organizational dimension

views the organization as actively engage ring with society . the business must be seen not only as a business leader but also as a significant social element in its community

social dimension

it looks into how the organization relates in nature . managers should consider how their business operation activities impact the environment .

natural dimension

what is the challenges on the cultural level

one of the challenges is to recognize various cultures and the differences among them which may include conflicts and disagreements

what are the challenges on the interpersonal level

the challenge is to recognize the relationships and to cultivate them according to interaction stablish by people with consideration to different identities. the different family and social backgrounds of the people determine the relationships at work. people belongs to a family , society , and work settings requires that each person need for security in the family , their right to participate in civic activities, and their inclination to establish relationships at work are acknowledged

the challenges on the organizational level

there is a constant challenge to ensure consistency in achieving the mission of the organization and in the conduct of its members .

what is the challenge on the social level

the company is challenged establish cooperation and mutual relationships with other companies and agents

what are the challenges of natural dimension

it calls for corporations to exercise concern for the natural environment . to have corporate integrity , a company should not gain profit at the expense of nature . all business functions should be performed while giving principal consideration to the effects they may bring to the environment

this refers to business operations and activities that have the welfare of society in mind . a firm should aim to pursue long term goals which will benefit society . business operations , therefore , should be strategize to pursue economic goals with upholding the welfare of society.

corporate social responsibility

it is closely related to the concepts of social obligation and social responsiveness

corporate social responsibility

refers to complying with legal and ethical standards to uphold social welfare

social obligation

it goes beyond prescribed standards and implements action that aim to make an impact on society. it also means that the firm adapts the social conditions and engages in activities that will respond to pressing social needs

social responsiveness

it is a company's action in addressing the need to protect the environment . the company's produce product that do not harm or pollute the environment it is meeting its ______

social obligation

if the same organization uses fully recycled paper in packaging its product , organize yearly tree planting activities for its employees , and supports campaigns and advocacies against illegal logging and pollution , then it is called _____

social Responsiveness

the company should produce goods and services with reasonable prices . the goods and services should also satisfy the needs of its customers , stakeholders , and other members of society even as they ensure sustainability and growth .

economic responsibility

the organization should comply with local and international laws that apply to its business operations

legal responsibility

it includes publishing norms , standards , mores , and practices that reflect fairness to the consumers , employees , shareholders , and the community .

ethical responsibilities

include the initiation of voluntary activities such as establishing corporate programs , donating to charitable institutions , and other similar charitable causes.

Philanthropic responsibility

it also means that the firm adapt to social conditions and engage in activities that will respond to pressing social needs

social responsiveness

is organized to do the activities of the head office from the host country. the minimum paid up capital of this is $200,000 and this can be lowered to 100,000 dollars if advanced technology is involved or at least 50 employees are directly employed. it is required to register with the sec

branch office

is fully supported by the head office and does not obtain funds from its main office overseas . it deals directly with the client of the parent company and engaged in business activities such as communication , promotion of product , and quality control of products for export . the initial minimum inward remittance is $30000 for operating expenses. it should be read with the sec

Representative office

it only performs activities that primarily involves the provision , communication , and coordination . it serves as coordinating center to its subsidiaries , affiliates , and branches in the region and acts as an administrative branch of a multinational company . it does not derive income within the philippines and does not participate in managing a branch in the philippines . a capital of $50,000 is required as annual operating expenses.

Regional Headquarter

performs the following service to it affiliates, and branches in the philippines: administrative and planning , acquisition of raw materials , marketing , technical support and communication , and research and development . it derives it's income from its activities in the country . the required capital is 200,000 dollars as one time payment.

Regional Operating Headquarter

is a type of business that provides labor and other services to customers . examples are transportation companies like airlines and shipping lines professional services like accounting , legal , engineering , and customer service. entertainment like amusement park and movie houses, hotels and restaurants , apartments , bank and lending companies , event planners , telecommunication services , medical services , media and many others.

service business

is a type of business that purchases products from other businesses like manufactures and sells them to customers at the higher retail price . examples are grocery stores , supermarket , car dealers , real estate dealers , and electronics stores .

Merchandising business

is a type of business for raw materials are transformed into finished goods through product processing , labor , and other manufacturing processes . examples include manufacturers of soap and detergent , can goods , automobiles , and medical drugs .

manufacturing business

what are the other businesses that cannot be classified into any of the three types of classification of business

agriculture , aquaculture , and mining companies

it enhances a company's image . companies should always observe good and responsible practices to maintain a positive image among the public .

corporate social responsibility

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Leah Jean Better · 28問 · 2年前

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