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15 Cards in this Set
- Front
- Back
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ethics
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beliefs about what is write and wrong in actions that affect others
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ethical behavior
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behavior conforming to generaly accepted social norms concerning beneficial and harmful actions
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business ethics
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ethical or unethical behaviors by employees in the context of their jobs
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managerial ethics
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standards of behavior that guide individual managers in their work
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social responsibility
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the attempt of businesses to balance ints commitments to groups and individuals in its environment, including its customers, other businesses, employees, investors, and local communities
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organizational stakeholders
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those groups, individuals and organizations that are directly affected by the practices of an organization and who therefore have a stake in its performance
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consumerism
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form of social activism dedicated to protecting the rights of consumers in their dealings with businesses
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collusion
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illegal agreement between two companies to commit a wrongful act
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whistle-blower
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employee who detects and tries to put and end to a company's unethical, illegal, or irresponsible actions by publicizing them
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insider trading
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illegal practice of using special knowledge about a firm for profit or gain
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obstructive stance
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approach to social responsibility that involves doing as little as possible and may involve attempts to deny or cover up violations
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defensive stance
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approach to social responsibility by which a company meets only minimum requirements in its commitments to groups and individuals in its social environment
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accomodative stance
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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
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proactive stance
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approach to social responsibility by which a company actively seekds opportunities to contribute to the well being of groups and individuals in its social environment
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social audit
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systematic analysis of a firm's success in using funds earmarked for meeting its social responsibility goals
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