(See related pages)
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| business ethics | Accepted principles of right or wrong governing the conduct of businesspeople. (See page(s) 126) |
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| code of ethics | A business's formal statement of ethical priorities. (See page(s) 148) |
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| Convention on Combating Bribery of Foreign Public Officials in International Business Transactions | The convention obliges member states to make the bribery of foreign public officials a criminal offence. (See page(s) 131) |
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| cultural relativism | The belief that ethics are culturally determined and that firms should adopt the ethics of the cultures in which they operate. (See page(s) 141) |
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| ethical dilemma | A situation in which there is no ethically acceptable solution. (See page(s) 135) |
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| ethical strategy | A course of action that does not violate a company's business ethics. (See page(s) 126) |
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| external stakeholders | Individuals or groups who have some claim on a firm such as customers, suppliers, and unions. (See page(s) 149) |
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| internal stakeholders | People who work for or own the business such as employees, directors, and stockholders. (See page(s) 149) |
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| just distribution | A distribution that is considered fair and equitable. (See page(s) 145) |
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| Kantian ethics | Holds that people should be treated as ends, and never purely as means to the ends of others. (See page(s) 144) |
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| naive immoralist | Asserts that if a manager of a multinational sees that firms from other nations are not following ethical norms in a host nation, that manager should not either. (See page(s) 142) |
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| organization culture | The values and norms shared among an organization's employees. (See page(s) 138) |
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| righteous moralist | Claims that a multinational's home-country standards of ethics are the appropriate ones to follow in foreign countries. (See page(s) 142) |
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| rights theories | A twentieth century theory that human beings have fundamental rights and privileges that transcend national boundaries and cultures. (See page(s) 144) |
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| social responsibility | The idea that businesspeople should consider the social consequences of economic actions when making business decisions. (See page(s) 133) |
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| stakeholder | The individuals or groups who have an interest, stake, or claim in the actions and overall performance of a company. (See page(s) 149) |
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| Universal Declaration of Human Rights | A United Nations document that lays down the basic principles of human rights that should be adhered to. (See page(s) 144) |
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| utilitarian approaches | Hold that the moral worth of actions or practices is determined by their consequences. (See page(s) 143) |