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9 Cards in this Set
- Front
- Back
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Less-Developed Nation
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Country that lacks the economic, social and technological infrastructure of a developed nation
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Developed Nation
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Country that enjoys a high standard of living as measured by economic, social, and technological criteria
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Utilitarianism
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Ethical choices that offer the greatest good for the greatest number of people
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Globalization
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The expansion of international trade to a point where national markets have been overtaken by a regional trade bocs (Latin America, Europe, Africa), leading eventually to a global marketplace
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Multinational Corporation
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A company that provides and sells products and services across multiple national borders
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Ethical Relativism
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Where your ethical principles are defined by the traditions of your society, your personal opinions, and the circumstances of the present moment
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Global Code of Conduct
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A general standard of business practise that can be applied equally to all countries over and above their local customers and social norms
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UN Global Compact
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A voluntary corporate citizenship initiative endorsing 10 key principles that focus on four key areas of concern: the environment, anticorruption, The welfare of workers ariound the world, and global human rights
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OECD Guidelines for Multinational Enterprises
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Represents a more governamental approach to the same issues featured in the UN's nongovernmential Global Contract
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