Understanding Ethics and Social Responsibility: Definitions and Concepts, Quizzes of Hospitality and Tourism

Download Understanding Ethics and Social Responsibility: Definitions and Concepts and more Quizzes Hospitality and Tourism in PDF only on Docsity! TERM 1 code of ethics DEFINITION 1 a statement of the principles by which an operation intends to conduct its business TERM 2 ethics DEFINITION 2 a guide for behavior. Ethics can be described in various ways- as choosing between right and wrong, as making the better choice between two rights, or as the study of moral principles concerning rightful behavior TERM 3 social responsibility DEFINITION 3 a concept suggesting that at any one time in any society there is a set of generally accepted relationships, obligations, and duties between the major institutions and the people. TERM 4 stakeholder DEFINITION 4 anyone who is affected by the outcome of a given decision TERM 5 utilitarianism DEFINITION 5 an ethical philosophy that holds that an action is morally justified to the extent that it maximizes benefits and minimizes harm or costs.