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15 Cards in this Set
- Front
- Back
- 3rd side (hint)
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Ethics |
The study of right and wrong and of the morality of the choices individuals make |
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Business ethics |
The application of moral standards to business situations |
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Sarbanes-oxley act of 2002 |
Provides sweeping new legal protection for employees who report corporate misconduct |
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Code of ethics |
A guide to acceptable and ethical behavior as defined by the organization |
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Whistle blowing |
Informing the press or government officials about unethical practices within one's organization |
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Social responsibility |
The recognition that business activities have an impact on society and the consideration of that impact in business decision making |
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Caveat emptor |
Latin phrase meaning "let the buyer beware" |
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Economic model of social responsibility |
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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Socioeconomic model of social responsibility |
The concept that business should emphasize not only profits but also the impact of its decisions on society |
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Consumerism |
All activities undertaken to protect the rights of consumers |
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Affirmative action program |
A plan designed to increase the number of minority employees at all levels within an organization |
Minorities |
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Equal employment opportunity commission (eeoc) |
A government agency with the power to investigate complaints of employment discrimination and the power to sue firms that practice it |
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Hard-core unemployed |
Workers with little education or vocational training and a long history of unemployment |
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Pollution |
The contamination of water air or land through the actions of people in an industrialized society |
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Social audit |
A comprehensive report of what an organization has done and is doing with regard to social issues that affect it |
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