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14 Cards in this Set
- Front
- Back
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business ethics
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principles and stands that determine acceptable conduct in business
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social responsibility
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a business's obligation to maximize its positive impact and minimize its negative impact on society
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ethical issue
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an identifiable problem, situation, or opportunity that requires a person to choose from among several actions that may be evaluated as right or wrong, ethical or unethical
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bribes
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payments, gifts, or special favors intended to influence the outcome of a decision
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plagiarism
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the act of taking someone else's work and presenting it as your own without mentioning the source
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codes of ethics
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formalized rules and standards that describe what a company expects of its employees
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whistleblowing
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the act of an employee exposing an employer's wrongdoing to outsiders, such as the media or government regulatory agencies
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corporate citizenship
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the extent to which businesses meet the legal, ethical, economic, and voluntary responsibilities placed on them by their stakeholders
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consumerism
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the activities that independent individuals, groups, and organizations undertake to protect their rights as consumers
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sustainability
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conducting activities in a way that allows for long-term well-bring of the natural environment, including all biological entities. Sustainability involves the assessment and improvement of business strategies, economic sectors, work practices, technologies and lifestyles so that they maintain the health of the natural environment
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What is an ethical issue?
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an identifiable problem, situation, or opportunity that requires a person to choose from among several actions that may be evaluated as right or wrong, ethical or unethical
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What is the pyramid of social responsibilities?
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four dimensions of social responsibility: ECONOMIC (bottom) - being profitable; LEGAL - obeying the law (society's codification of right and wrong) - playing by the rules of the game; ETHICAL - being ethical, doing what is right, just, and fair, avoiding harm; VOLUNTARY (top) - being a "good corporate citizen", contributing to the community and quality of life
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Example of an organization that meets its economic responsibilities but not its legal responsibilities
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book
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Example of an organization that meets its legal responsibilities but not its ethical responsibilities
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book
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