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10 Cards in this Set
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Corporate Philanthropy |
The practice of charitable giving by corporations; includes contributing cash, donating equipment and products and supporting the volunteer efforts of company employees. |
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Corporate Social Responsibility (CSR) |
The concern of business for the welfare of society as a whole; consists of obligations beyond those required by law or contracts. |
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Deontology |
A philosophy in which a person will follow his or her obligations to an individual or society because upholding one's duty is what is ethically correct. |
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Ethical Issue |
A situation where a person must choose from a set of actions that may be ethical or unethical. |
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Ethics |
A set of moral standards for judging whether something is wrong or right. |
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Justice |
What is considered fair according to the prevailing standards of society; an equitable distribution of the burdens and rewards that society has to offer. |
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Social Investing |
The practice of limiting investments to securities of companies that behave in accordance with the investor's beliefs about ethical and social responsibility to encourage businesses to be more socially responsible. |
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Stakeholders |
Individuals or groups to whom a business has a responsibility; include employees,customers, the general public and investors. |
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Strategic Giving |
The practice of tying philanthropy and corporate social responsibility efforts closely to a company's mission or goals and targeting donations to the communities where a company does business. |
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Utilitarianism |
A philosophy that focuses on the consequences of an action to determine whether it is right or wrong; holds that an action that affects the majority adversely is morally wrong. |
