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15 Cards in this Set

  • Front
  • Back
ethics
beliefs about what is write and wrong in actions that affect others
ethical behavior
behavior conforming to generaly accepted social norms concerning beneficial and harmful actions
business ethics
ethical or unethical behaviors by employees in the context of their jobs
managerial ethics
standards of behavior that guide individual managers in their work
social responsibility
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
organizational stakeholders
those groups, individuals and organizations that are directly affected 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 dealings with businesses
collusion
illegal agreement between two companies to commit a wrongful act
whistle-blower
employee who detects and tries to put and end to a company's unethical, illegal, or irresponsible actions by publicizing them
insider trading
illegal practice of using special knowledge about a firm for profit or gain
obstructive stance
approach to social responsibility that involves doing as little as possible and may involve attempts to deny or cover up violations
defensive stance
approach to social responsibility by which a company meets only minimum requirements in its commitments to groups and individuals in its social environment
accomodative 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 seekds 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