Developing the individual personal characteristics. 43. d) The key purpose of ethics is to increase freedom. Printed from Start your free trial today and get unlimited access to America's largest dictionary, with: “Teleological ethics.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/teleological%20ethics. , all rights reserved. A management strategy which focuses on corporate social responsibility. noun plural but singular or plural in construction, Post the Definition of teleological ethics to Facebook, Share the Definition of teleological ethics on Twitter. For Karl Marx, where do our values come from? An accounting tool that looks at cost, profit and loss. What is the enlightened self-interest model of CSR? If firms only act in their own self-interest customers might not like the image that the company portray. They are run in ways which aim to provide a positive impact on society rather than to make profit. Is used to judge is an action is right, fair and honest. What is meant by the phrase 'teleological ethics'? Which, of the following, is the correct order for Carroll's (1991) levels of corporate social responsibility? b) An action can only be judged by its consequences. That it is in an organization's own best interest to put itself first rather than its ethics. What does Milton Friedman believe to be the sole responsibility of business? Managers should act in ways that balance the interest of society and shareholders. Can you spell these 10 commonly misspelled words? They prioritise corporate social responsibility. Ans: b. Q.3. Accessed 29 Nov. 2020. Learn a new word every day. That it is in an organization's own best interest to act in an ethical way. Generally, we can speak of two main teleological moral philosophie: utilitarianism/consequentialism, and the virtue ethics espoused by … 'Nip it in the butt' or 'Nip it in the bud'? c) Developing the individual personal characteristics. If firms only act in their own self-interest and inflict harm on stakeholders then society might withdraw its support. What is meant by the phrase 'teleological ethics'? If firms only act in their own self-interest employees may feel exploited. Through everyone working together to support each other. What, according to Adam Smith, is the best way to promote collective interest? Definition: The Teleological Ethical Theories are concerned with the consequences of actions which means the basic standards for our actions being morally right or wrong depends on the good or evil generated. These short solved questions or quizzes are provided by Gkseries. Q.2. The primary responsibility organizations have is to its employees. For Karl Marx, where do our values come from? Business Ethics Multiple Choice Questions & Answers for competitive exams. Through government making decisions about what is in the public interest. The key purpose of ethics is to increase freedom. : a theory of ethics (as utilitarianism or ethical egoism) according to which the rightness of an act is determined by its end. What is meant by the phrase 'teleological ethics'? They aim to give money to charities and good causes. The only social responsibility of business is to its shareholders. Subscribe to America's largest dictionary and get thousands more definitions and advanced search—ad free! Why, according to stakeholder theory, is it in companies' best interests to pay attention to their stakeholders? That it is in an organization's best interest to consider what a shareholder would want. c) Developing the individual personal characteristics. Telos is a Greek word meaning “end” or “goal”; thus, teleological ethics is concerned with how choices will affect a particular desired moral outcome. Also known as consequentialist ethics, it is opposed to deontological ethics (from the Greek deon, “duty”), which holds that the basic standards for an action’s being morally right are independent of the good or evil generated. That it is in an organization's own best interest to follow the legislation and abide by the law. What is meant by the phrase 'teleological ethics'? A teleological approach to ethics is based on the concept of seeking a “telos” in ethical decision-making. An accounting tool that looks at the impact on people, planet and profits. What made you want to look up teleological ethics? 42. a) Is used to judge is an action is right, fair and honest. For Karl Marx, where do our values come from? Ecological responsibility, legal responsibilities, political responsibilities, philanthropic responsibilities, Economic responsibility, legal responsibilities, ethical responsibilities, philanthropic responsibilities, Economic responsibility, legal responsibilities, political responsibilities, philanthropic responsibilities, Social responsibility, legal responsibilities, societal responsibilities, philanthropic responsibilities. If firms only act in their own self-interest government might put more regulation on them. Test Your Knowledge - and learn some interesting things along the way. An action can only be judged by its consequences. These short objective type questions with answers are very important for competitive exams like IBPS, Railway, CAT etc. They are a product of the economic system within which we live. Through everyone working on their own self-interest. a) Is used to judge is an action is right, fair and honest. Communication, Media Studies, & Journalism, Return to Organizational Behaviour 3e Student Resources. They are a product of our upbringing and our parents. a) Is used to judge is an action is right, fair and honest. Delivered to your inbox! A management strategy which states all the attention should be on profits. You must — there are over 200,000 words in our free online dictionary, but you are looking for one that’s only in the Merriam-Webster Unabridged Dictionary.