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BA 200: EXAM 1
Ethics |
normal standards, generally accepted rules of conduct that govern society
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Normative Standards |
How we behave, on average
How we treat each other
Expectations on contracts beyond legal interpretation
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Three Layers of Business Ethics |
-Basic Values (honesty)
-Notions of fairness (how we treat others)
-Issues related to community and the environment
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Blanchard and Peale |
Is it legal? Is it ethical?
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Laura Nash and Perspective |
How would I view the problem if I sat on the other side of the fence?
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Compliance |
Are you violating any laws?
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Contribution |
What does this action contribute to my customers, shareholders, bondholders, employees, community, and suppliers?
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Consequences |
How will this action affect me, my company, my family, our employees, and our shareholders?
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Enlightened Self-Interest |
Manager is responsible first to shareholders but serves them best by being responsible to larger society.
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Inherence |
Serve shareholders
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The Social Responsibility School |
-Manager should serve larger society
-Become involved in all types of political and social issues
-Encourage managers to be involved
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Categorical Imperative |
How would you want to be treated?
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Christian Principle |
The Golden Rule
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Confucius |
What you do not want done to yourself, do not do to others.
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Aristotle |
We should behave to our friends as we wish our friends to behave to us.
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Judaism |
What you hate, do not do to anyone.
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Buddhism |
Hurt not others with that which pains thyself.
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Islam |
No one of you is a believer until he loves for his brother what he loves for himself.
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Hinduism |
Do nothing to thy neighbor which though wouldst not have him do to thee.
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Sikhism |
Threat others as you would be treated yourself.
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Plato |
May I do to others as I would that they should no unto me.
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International Business |
Interdependence of trust, business and government
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Trial Courts |
-Place where case begins
-Jury hears cases and decides disputed issues of face
-single judge presides over case
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Appellate Courts |
-Review actions of trial court
-Usually have published opinions for uniformity and consistency
-No trials held- panel of judges hears case
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En banc |
Full bend hears case
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Where are there nine judges instead of the general three? |
U.S. Supreme Court level
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Affirm |
no reversible error and decision stands
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Reverse |
Reversible error and decision is reversed
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Remand |
Error that requires further proceedings
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Modify |
Change ruling of lower court
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Judicial review and case precedent |
the doctrine of stare decisis
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Precedent |
previous decisions
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Plaintiffs |
Initiate the lawsuit; called petitioners in some cases
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Defendants |
Alleged to have violated some right of the plaintiff; party named in the suit for recovery
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Lawyers |
Those who act as advocates for plaintiffs and defendants
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Judges |
Can control proceedings or outcomes; can be elected or appointed
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Trial Judge |
presides over trial
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Appellate Judge |
hears appeal from trial court
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Appellant or Petitioner |
Party appealing the lower court's decision
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Appellee or Respondent |
Party who won below and is not appealing
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Federal District Court |
General trial court of the federal system
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General Trial Court |
Usually called superior, circuit, district, or county court
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Small Claims |
Lesser damage claims, no lawyer
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Traffic Courts |
For citations
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Probate Courts |
For wills, guardianships, conservatorships, etc.
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Venue |
Location of court in the system within a jurisdiction
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EU Courts |
Court of Justice of European Communities; European of Human Rights
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Arbitraton |
Oldest form of ADR; parties submit grievances and evidence to a third party expert in an informal setting
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Minitrial |
Small-scale trial where parties present case to a judge with experience in the field or to a neutral advisor
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Rent-A-Judge |
Trial held in commercial as opposed to a public court
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Summary Jury Trials |
Gives parties an idea about jury's perceptions
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Early Neutral Evaluation |
Consultant or volunteer gives parties an assessment of the position
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Peer Review |
Review of Management's action against employee by a group of peer-employees
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International Chamber of Commerce |
A private organization that handles 250 arbitration cases each year
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Center for Settlement of Investment Disputes |
An international arbitral for investors
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Jury Trial |
-required in cases where damages over $20 are claimed
-absolute right to jury trial is only in criminal cases
-jurors selected from voting or drivers' license lists
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Voir Dire |
Used to narrow jurors for panel
-ask questions about their knowledge of the case, level of education, background, etc.
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Jury Verdict |
Decisions of the jury
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