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17 Cards in this Set
- Front
- Back
affirmative action program
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a plan designed to increase the number of minority employees at all levels within an organization
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business ethics
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the application of moral standards to business situations
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caveat emptor
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a Latin phrase meaning "let the buyer beware"
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code of ethics
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a guide to acceptable and ethical behavior as defined by the organization
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consumerism
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all activities undertaken to protect the rights of consumers
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economic model of social responsibility
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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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Equal Employment Opportunity Commission (EEOC)
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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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ethics
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the study of right and wrong and of morality of the choices individuals make
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hard-core unemployed
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workers with little education or vocational training and a long history of unemployment
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minority
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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 of unfavorable treatment
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social responsibility
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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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socioeconomic 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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National Alliance of Business (NAB)
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a joint business-government program to train the hard-core unemployed
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pollution
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the contamination of water, air, or land through the actions of people in an industrialized society
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whistle-blowing
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informing the press or government officials about unethical practices within one's organization
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social audit
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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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Sarbanes-Oxley Act of 2002
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provides sweeping new legal protection for employees who report corporate misconduct
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