Ch. 2: Intro To Business Management

Front 1

ethics

Back 1

beliefs about what is right and wrong or good and bad in actions that affect others

Front 2

ethical behavior

Back 2

behavior conforming to generally accepted social norms concerning beneficial and harmful actions

Front 3

unethical behavior

Back 3

behavior that does not conform to generally accepted social norms concerning beneficial and harmful actions

Front 4

business ethics

Back 4

ethical and unethical behaviors of an organization

Front 5

managerial ethics

Back 5

standards of behavior that guide individual managers in their work

Front 6

social responsibility

Back 6

the attempt of a business to balance its commitments to groups and individuals in its environment, including customers, other businesses, employees, investors, and local communities

Front 7

organizational stakeholders

Back 7

those groups, individuals, and organizations that are directly affeccted by the practices of an organization and who therefore have a stake in its performance

Front 8

consumerism

Back 8

form of social activism dedicated to protecting the rights of consumers in their dealing with businesses

Front 9

collusion

Back 9

illegal agreement between two or more companies to commit a wrongful act

Front 10

whistle-blower

Back 10

employee who detects and tries to put an end to a companys unethical, illegal, or socially irresponsible actions by publicizing them

Front 11

check kiting

Back 11

illegal practice of writing checks against moeny that as not yet been credited at the bank on which the checks are drawn

Front 12

insider trading

Back 12

illegal practice of using special knowledge about a firm for profit or gain

Front 13

obstructionist stance

Back 13

approach to social responsibility that involves doing as little as possible amd may involve attempts to deny or cover up violations

Front 14

defensive stance

Back 14

approach to social responsibility by which a company meets only minimum legal requirements in its commitments to groups and individuals in its social environment

Front 15

accommodative stance

Back 15

approach to social responsibility by which a company, if specifically asked to do so, exceeds legal minimums in its commitments to groups and individuals in its social environment

Front 16

proactive stance

Back 16

approach to social responsibility by which a company actively seeks opportunities to contribute to the well-being of groups and individuals in its social environment

Front 17

social audit

Back 17

systematic analysis of a firm's success in using funds earmarked for meeting its social responsibility goals