Ethics Vocabulary Quiz

Ethics Vocabulary

• Advantageous Comparison: Justifying unethical conduct by comparing it to more extreme actions, diminishing personal accountability.
• Bait-and-Switch: A deceptive marketing tactic where customers are drawn in with false advertising for unavailable products, ultimately being sold different items.
• Corporate Social Responsibility (CSR): An organization’s duty to operate positively for stakeholders and society, enhancing environmental and social welfare.
• Dehumanization: A process that reduces individuals to lesser status, making unethical treatment of them seem acceptable.
• Displacement of Responsibility: Individuals deflect personal accountability by claiming they were merely following orders from authority figures.
• Disregard of Consequences: Ignoring or downplaying the potential negative outcomes of one’s actions, leading to unethical decisions.
• Ethics: The study of moral principles, exploring what constitutes good and bad behavior and how individuals should act.
• Euphemistic Labeling: Using mild or vague terms to present situations in a less objectionable way, often to mask their severity.
• Failure to Disclose Full Price: Advertising that omits additional fees or costs, leading to misleading information for consumers.
• Horizontal Price-Fixing: An illegal practice where competitors conspire to set product prices, distorting fair market competition.
• Idealism: Adopting systems of thought that prioritize spiritual values and high ideals over practical considerations.
• Kantianism: An ethical approach focused on the inherent rightness or wrongness of actions, independent of their outcomes.
• Law: A structured system regulating individual behavior, providing a framework for rights and responsibilities.
• Moral Awareness: The recognition of how one’s actions can impact others and conflict with ethical standards.
• Moral Disengagement: A psychological process where individuals believe ethical principles do not apply to their actions.
• Moral Judgment: The evaluation of actions as ethical or unethical based on personal or societal standards.
• Moral Justification: The rationale used by individuals to frame potentially unethical actions as acceptable or right.
• Predatory Pricing: Strategies set by firms to lower prices below average costs to eliminate competition in the market.
• Price Discrimination: Charging different prices to different consumers for the same product based on their willingness to pay.
• Price Gouging: A practice where sellers sharply increase prices during times of high demand or emergency situations.
• Relativism: The philosophical view that ethical truths are subjective, allowing for multiple valid ethical perspectives.
• Triple Bottom Line: A performance measure encompassing social, environmental, and financial responsibilities of organizations.
• Truth in Lending Act (TILA): Legislation aimed at promoting transparency in home mortgage lending by mandating complete disclosure of loan terms.
• Utilitarianism: An ethical theory advocating that actions are right if they promote overall happiness and minimize suffering, aiming for net benefits.
• Vertical Price-Fixing: An illegal practice where manufacturers control the retail price at which their products are sold, interfering with market dynamics.
• Virtue Ethics: A moral philosophy originating from Aristotle, focusing on developing good character traits through habitual practice of virtues like honesty, bravery, and justice.