Title ABC/123 Version X 1 Key Terms PHL/323 Version 5 1 University of Phoenix MaterialKey Terms Ethical Terms Character: Moral actions based on duty-driven ethical principles. These include trustworthiness, respect, responsibility, fairness, caring, and citizenship (Josephson Institute, 2009). Ethical System: Underlying ethical principles, which a person uses to make decisions Ethics: “The principles, norms, and standards of conduct governing an individual or organization” (Treviño & Nelson, 2011, p. 17); ethics form the basis for determining the correct action, or moral behavior, in a particular situation. Morals: Actions based on one’s underlying ethical principles Values: Those things or actions upon which the individual or organization spends time and money Ethical Systems Duty-based: A moral obligation or commitment to act in a certain manner, with clear right and wrong being determined by an outside authority Entitlement-based: Moral decisions are based entirely on what is in the best interest of the individual, regardless of relationships, the needs of others, or business. Goal-based: Focuses on the outcome or final purpose, which may be localized, as in business, or universal, as in feeding all the hungry children in the world Humanistic (secular humanism or human nature ethics): Beliefs based on the extremes of human behavior, both good and bad, without the direction of an outside authority Relativistic: Relativism often uses the personalized approach to ethics. It is subjective and focuses on personal experience as a form of judgment, and many different factors play a role in determining how a person uses this system. There are no absolutes within this type of ethical approach. Rights-based: Certain things are acceptable in a community because the majority of people in the community agree the behavior is acceptable. Consider laws and civil rights. References Josephson Institute (2009). Six pillars of character. Retrieved from Josephson Institute Web site: http://josephsoninstitute.org/sixpillars.html Treviño, L. K., & Nelson, K. A. (2011). Managing business ethics: Straight talk about how to do it right (5th ed.). Hoboken, NJ: Wiley. Copyright © XXXX by University of Phoenix. All rights reserved. Copyright © 2013 by University of Phoenix. All rights reserved. ...