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26 Cards in this Set
- Front
- Back
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business ethics
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standard of conduct and moral value regarding right and wrong actions in the work environment
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Sarbanes-Oxley act of 2002
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legislation designed to deter and punish fraud and corruption
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business approach to ethics
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1. philanthropy 2. anticipating and managing risks 3.
identify opportunities to create value by doing the right thing |
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stages of moral and ethical development
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preconventional (own needs) conventional (group rules) postconventional (personal conviction)
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conflict of interest
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situation in which employees must choose between business welfare and personal gain
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integrity
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adhering to deeply felt ethical principles in business situation
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whistle blowing
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employees disclosure to officials of illegal practices by an organization
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ethical conduct
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1.ethical awareness 2.ethical reasoning 3.ethical actions 4.ethical leadership
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code of conduct
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formal statement that defines how an organization expect it's employees to resolve ethical issues
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stakeholders
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customers, investors, employees and public affected by or with an interest in a company
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social responsibility
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business consideration of society well being and customers satisfaction in addition to profits
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social audits
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formal procedure that identifies and evaluates all company activities that relate to social issues. box tops
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four social responsibilities
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general public, customers, employees, investors
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recycling
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reproccessing of used material for reuse
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green marketing
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marketing strategy that promote environmental safe products
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sustainable
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the capacity to endure in ecology
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corporate philanthropy
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efforts of an organization to make a contribution to the community in which it earns profits
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consumerism
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public demand that a business considers the wants and needs of customers
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product liability
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responsibility of manufacturers for injuries and damages caus ed by their products
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consumers rights
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to be heard, to be safe, to be informed, to chose
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family leave
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act providing 12 weeks annually for birth or seriously ill family
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fair trade
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a market based approach to pay higher prices to producers for exports from developing countries to support them
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discrimination
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biased treatment of a job candidates
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equal employment opportunity commission
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created to increase job opportunities for minorities and end discrimination
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sexual harassment
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unwelcome and inappropriate actions of a sexual nature in workplace
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sexism
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discrimination against members of either sex but primarily affect women
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