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17 Cards in this Set
- Front
- Back
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The study of right and wrong and of the morality of the choices individuals make
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Ethics
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The application of moral standards to business situations
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Business Ethics
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Act that provides sweeping new legal protection for employees who report corporate misconduct
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Sarbanes-Oxley Act of 2002
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A guide to acceptable and ethical behavior as defined by the organization
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Code of Ethics
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Informing the press or government officials about unethical practices within one's organization
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Whisle-blowing
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The recognition that business activities have an impact on society and the consideration of that impact in business decision making
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Social Responsibility
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A Latin phrase meaning "let the buyer beware"
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Caveat Emptor
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The view that society will benefit most when business is left alone to produce and market profitable products that society needs
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Economic Model of Social Responsibility
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The concept that business should emphasize not only profits but also the impact of its decisions on society
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Socioeconomic Model of Social Responsibility
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All activities undertaken to protect the rights of consumers
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Consumerism
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A racial, religious, political, national, or other group regarded as different from the larger group of which it is a part and that is often singled out for unfavorable treatment
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Minority
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A plan designed to increase the number of minority employees at all levels within an organization
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Affirmative Action Program
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A government agency with power to investigate complaints of employment discrimination and power to sue firms that practice it
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Equal Employment Opportunity Commission (EEOC)
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Workers with little education or vocational training and a long history of unemployment
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Hard-Core Unemployed
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A joint business-government program to train the hard-core unemployed
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National Alliance of Business (NAB)
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The contamination of water, air, or land through the actions of people in an industrialized society
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Pollution
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A comprehensive report of what an organization has done and is doing with regard to social issues that affect it
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Social Audit
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