Which of the following represents an ethical decision approach that requires managers to be guided by standards of fairness equity and impartiality?

The model for evaluating a company's CSR uses four criteria:

1) economic, legal, ethical, and discretionary
2) economic, financial, profits, and revenue
3) economic, legal, social, and discretionary
4) economic, legal, ethical, and non-discretionary

Sets with similar terms

Glossary Chapter 4 chief ethics officer Some organizations have ethics offices headed by a chief�ethics officer, a manager who oversees all aspects of ethics and legal compliance. code of ethics A code of ethics is a formal�statement of the company's values�concerning ethics and social issues;�it communicates to employees what the company stands for. Codes of ethics tend to exist in two types: principle-based statements and policy-based statements. compensatory justice Compensatory justice argues that individuals should be compensated for the cost of their injuries by the party responsible. conventional level At the conventional level, people learn to conform to the expectations of good behavior as defined by colleagues, family, friends, and society. corporate credos General statements of principle are often called corporate credos. corporate social responsibility (CSR) The formal definition of corporate social responsibility (CSR) is management's obligation to make choices and take actions that will contribute to the welfare and interests of society, not just the organization. distributive justice Distributive justice requires that different treatment of people not be based on arbitrary characteristics. For example, men and women should not receive different salaries if they have the same qualifications and are performing the same job. economic responsibility The business institution is, above all, the basic economic unit of society. Its responsibility is to produce the goods and services that society wants and to maximize profits for its owners and shareholders. ethical dilemma Includes the technological, economic, political/legal, and socio-cultural dimensions that affect a firm's external environment. ethical responsibility Behaviors that are not necessarily codified into law and may not serve the corporation's direct economic interests. ethics Ethics is the code of moral principles and values that governs the behaviors of a person or group with respect to what is right or wrong. ethics committee An ethics committee is a group of executives (and sometimes lower-level employees as well) appointed to oversee company ethics. green movement Green movement relates to the growing concern with protection and preservation of the environment. individualism approach The individualism approach contends that acts are moral when they promote the individual's best long-term interests. justice approach The justice approach holds that moral decisions must be based on standards of equity, fairness, and impartiality. legal responsibility Legal responsibility defines what society deems as important with respect to appropriate corporate behavior. managerial ethics Managerial ethics are a set of standards that�dictate the conduct of a manager operating within a workplace. moral-rights approach The moral-rights approach asserts that human beings have fundamental rights and liberties that cannot be taken away by an individual's decision. Thus, an ethically correct decision is one that best maintains the rights of those affected by it. policy-based statements Policy-based statements generally outline the procedures to be used in specific ethical situations. These situations include marketing practices, conflicts of interest, observance of laws, proprietary information, political gifts, and equal opportunities. postconventional or principled level At the postconventional, or�principled level, individuals are guided by an internal set of values based on universal principles of justice and right and will even disobey rules or laws that violate these principles. practical approach The practical approach sidesteps debates about what is right, good, or just and bases decisions on prevailing standards of the profession and the larger society, taking the interests of all stakeholders into account. preconventional level At the preconventional level, individuals are concerned with external rewards and punishments and obey authority to avoid detrimental personal consequences. In�an organizational context, this level may be associated with managers who use an autocratic or coercive leadership style, with employees oriented toward dependable accomplishment of specific�tasks. principle-based statements Principle-based statements are designed to affect corporate culture; they define fundamental values and contain general language about company responsibilities, quality of products, and treatment of employees. procedural justice Procedural justice requires that rules be administered fairly. Rules should be clearly stated and consistently and impartially enforced. profit-maximizing view Economic responsibility, carried to the extreme, is called the profit-maximizing view. stakeholder A stakeholder is any group or person within or outside the organization that has some type of investment or interest in the organization's performance and is affected by the organization's actions (employees, customers, shareholders, and so forth). stakeholder mapping There is growing interest in a technique called stakeholder mapping, which�basically provides a systematic way to identify the expectations, needs, importance, and relative power of various stakeholders, which may change over time. sustainability Sustainability refers to economic development that generates wealth and meets the needs of the current generation while preserving the environment and society so future generations can meet their needs as well. utilitarian approach The utilitarian approach, espoused by the nineteenth-century philosophers Jeremy Bentham and John Stuart Mill, holds that moral behavior produces the greatest good for the greatest number. whistle-blowing Employee disclosure of illegal, unethical, or illegitimate practices on the employer's part is called whistle-blowing.

Which approach is the ethical concept that moral decisions must be based on standards of equity fairness and impartiality?

Which approach refers to the ethical concept that moral decisions are those that best maintain the rights of those people affected by them?

Which approach is the ethical concept that moral behaviors produce the greatest good for the greatest number?

Which approach is the ethical concept that moral Behaviour?