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17 Cards in this Set
- Front
- Back
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Principles and standards that determine acceptable conduct in business
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Business Ethics
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A business's obligation to maximize its positive impact and minimize its negative impact on society
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Social Responsibility
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An identifiable problem, situation, or opportunity that requires a person to choose from several actions that may be evaluated as right or wrong.
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Ethical issue
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Identify some ethical issues in the business realm.
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- Abusive and intimidating behavior
- Conflict of Interest - Fairness and Honesty - Communications - Business Relationships |
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Payments, gifts, or special favors intended to influence the outcome of a decision
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Bribes
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Taking someone else's work and presenting it as your own without mentioning the source
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Plagiarism
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Formalized rules and standards that describe what a company expects of its employees.
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Code of Ethics
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Occurs when an employee exposes an employer's wrongdoing to outsiders
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Whistleblowing
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What are the three factors that influence business ethics?
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Individual standards and values + Managers' and co-workers' influence + Opportunity: Codes and compliance requirements = Ethical/Unethical choices in business
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Indentify the four dimensions of social responsibility.
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1. Economic
2. Legal 3. Ethical 4. Voluntary |
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Dimension of Social Responsibility; Being profitable
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Economic Responsibilities
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Dimension of Social Responsibility; Obeying the law and playing by the rules of "the game"
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Legal Responsibilities
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Dimension of Social Responsibility; Doing what is right, just, and fair, and avoiding harm
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Ethical Responsibilities
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Dimension of Social Responsibility; Being a "good coroporate citizen", and contributing to the community and quality of life
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Voluntary Responsibilities
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The extent to which businesses meet the legal, ethical, economic, and voluntary responsibilities placed on them by their stakeholders
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Corporate Citizenship
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Identify social responsibilities to owners, employees, consumers, the environment, and community.
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Owners - profit
Employees - safe workplace, adequate pay, and information Consumers - satisfying, safe products, and respect their rights Environment - take responsibility for actions and how they affect environment. Animal rights, pollution, and response to environmental issues. Community - Show concern for the general welfare of the community |
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The activities that independent individuals, groups, and organizations undertake to protect their rights as consumers
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Consumerism
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