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17 Cards in this Set

  • Front
  • Back
affirmative action program
a plan designed to increase the number of minority employees at all levels within an organization
business ethics
the application of moral standards to business situations
caveat emptor
a Latin phrase meaning "let the buyer beware"
code of ethics
a guide to acceptable and ethical behavior as defined by the organization
consumerism
all activities undertaken to protect the rights of consumers
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
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
ethics
the study of right and wrong and of morality of the choices individuals make
hard-core unemployed
workers with little education or vocational training and a long history of unemployment
minority
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 of unfavorable treatment
social responsibility
the recognition that business activities have an impact on society and the consideration of that impact in business decision making
socioeconomic model of social responsibility
the concept that business should emphasize not only profits but also the impact of its decisions on society
National Alliance of Business (NAB)
a joint business-government program to train the hard-core unemployed
pollution
the contamination of water, air, or land through the actions of people in an industrialized society
whistle-blowing
informing the press or government officials about unethical practices within one's organization
social audit
a comprehensive report of what an organization has done and is doing with regard to social issues that affect it
Sarbanes-Oxley Act of 2002
provides sweeping new legal protection for employees who report corporate misconduct