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10 Cards in this Set
- Front
- Back
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Business Ethics
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Comprises the principles, values, and standards that guide behavior in the world of business.
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Consumers' Bill of Rights
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(1962) JFK delivered "Special Message on Protecting Consumer Interest"
The right to safety, right to be informed, right to choose, right to be heard |
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Federal Sentencing Guidelines for Organizations
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(1991) set tone for organizational ethical compliance programs based on the 6 principles of DII
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Principles
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Specific boundaries for behavior that are universal and absolute.
Basis for rules. ex: Freedom of speech, justice, civil rights |
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Social Responsibility
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An organization’s obligation to maximize positive impact and minimize negative impact on stakeholders
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Sarbanes-Oxley Act
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(2002) Most extensive ethics reform, Increased accounting regulations
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Values
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Used to develop socially enforced norms
Ex: Integrity, accountability, trust |
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Defense Industry Initiative on Business Ethics and Conduct
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(1986) Developed to guide corporate support for ethical conduct.
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Ethical Culture
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The component of corporate culture that captures the values and norms that an organization defines as appropriate
Minimize need for enforced compliance. Maximize utilization of principles/ethical reasoning. Creates shared values. |
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Dodd-Frank Wall Street Reform and Consumer Protection Act
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(2009) Aimed at making the financial industry more transparent/responsible
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