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17 Cards in this Set

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  • Back
ethics
beliefs about what is right and wrong or good and bad in actions that affect others
ethical behavior
behavior conforming to generally accepted social norms concerning beneficial and harmful actions
unethical behavior
behavior that does not conform to generally accepted social norms concerning beneficial and harmful actions
business ethics
ethical and unethical behaviors of an organization
managerial ethics
standards of behavior that guide individual managers in their work
social responsibility
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
organizational stakeholders
those groups, individuals, and organizations that are directly affeccted by the practices of an organization and who therefore have a stake in its performance
consumerism
form of social activism dedicated to protecting the rights of consumers in their dealing with businesses
collusion
illegal agreement between two or more companies to commit a wrongful act
whistle-blower
employee who detects and tries to put an end to a companys unethical, illegal, or socially irresponsible actions by publicizing them
check kiting
illegal practice of writing checks against moeny that as not yet been credited at the bank on which the checks are drawn
insider trading
illegal practice of using special knowledge about a firm for profit or gain
obstructionist stance
approach to social responsibility that involves doing as little as possible amd may involve attempts to deny or cover up violations
defensive stance
approach to social responsibility by which a company meets only minimum legal requirements in its commitments to groups and individuals in its social environment
accommodative stance
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
proactive stance
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
social audit
systematic analysis of a firm's success in using funds earmarked for meeting its social responsibility goals