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18 Cards in this Set
- Front
- Back
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ethics |
individual standards or moral values regarding what is right and wrong or good and bad |
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business ethics |
ethical or unethical behaviours by a manager or employee of an organization |
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managerial ethics |
standards of behaviour that guide individual managers in their work |
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conflict of interest |
occurs when an activity benefits the employee at the expense of the employer |
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corporate social responsibility |
the idea that a business should balance its commitments to individuals and groups that are directly affected by the organizations activities |
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fair-trade movement |
a movement designed to help workers in developing countries receive fair payments for their work |
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organizational stakeholders |
groups, individuals, and organizations that are directly affected by the practices of an organization and therefore have a steak in its performance |
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consumerism |
social movement that seeks to protect and expand the rights of consumers in their dealings with businesses |
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whistle blower |
individual who calls attention to an unethical, illegal and or socially irresponsible practice on the part of a business or other organization |
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insider trading |
the use of confidential information to gain from a purchase or sale of stock |
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pollution |
the introduction of harmful substances into the environment |
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recycling |
the conversion of waste materials into useful products |
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obstructionist stance |
do as little as possible to solve social or environmental problems |
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defensive stance |
will do everything required legally, but nothing more |
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accommodative stance |
meets legal and ethical requirements, but will also go further in some cases |
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proactive stance |
take to heart the arguments in favour of the CSR, proactively seek ways to contribute |
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sustainable development |
activities that meet current needs, but will not put future generations at a disadvantage when they try to meet their needs |
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social audit |
systematic analysis of how a firm is using funds earmarked for social-responsibility goals and how effective these expenditures have been |
