Ethics 101
These are the principles and standards that determine acceptable conduct in business.
Business Ethics
This dimension refers to a business's obligation to obey federal and local labor laws.
Legal
This 1962 act by JFK ensures consumers aren't harmed by products.
Right to Safety
What is an argument Mark Zuckerberg has been using to defend Meta?
Parents responsibility, Age Limit, long-term appeal vs not something that gets people hooked in the short-term, “the existing body of scientific work” has not shown a link between social media and worse mental health outcomes
The act of offering, giving, or receiving money to influence the actions of a person
Bribery
This issue involves the pollution of air, land, and water.
Sustainability
This "glue of business" causes a company to fail if customers or employees lose it.
Trust
This dimension involves being profitable, which is the foundation of all other responsibilities.
Economic
This right ensures consumers have access to the facts they need to make an informed choice.
Right to Information
The Wells Fargo scandal was caused by extreme pressure to meet these.
unrealistic sales goals
Severe, persistent, or pervasive conduct that a reasonable person would find hostile, offensive, or humiliating in a workplace environment
Abusive Behavior
This involves donations and activities with local non-profits.
Community Relations
What is the primary difference between social responsibility & business ethics
Social Responsibility = Business Level
Ethics = Individual
This voluntary dimension involves philanthropy, such as Chick-fil-A’s True Inspiration Awards.
Voluntary / Philanthropy
This right ensures that consumers have a variety of products available at competitive prices.
Right to Choose
Wells Fargo was forced to pay this amount in fines following their scandal.
$185 million
Taking office supplies home for a personal project is an example of this type of theft.
Time/Resource Theft
This social issue is rising due to the growth of Tech/AI and outsourcing.
Unemployment
This act involves an employee exposing an employer’s wrongdoing to the media or government.
Whistleblowing
Chick-fil-A's goal "to glorify God by being a faithful steward" is an example of this dimension.
Ethical
This right allows consumers to voice complaints about products or services.
Right to be Heard
Name Patagonia's controversial advertising campaign that ended up increasing sales by marketing their ethical brand stance of protecting of the outdoors/environment
Don’t Buy This Jacket
When a salesperson hides a car's transmission problem, it is this type of ethical issue.
Conflict of Interest
This category of responsibility includes HR benefits, labor unions, and equal opportunities.
Employee Relations
These three groups are the primary ones who determine "acceptable conduct" for a business.
The public, government regulators, and customers
How a company exercises its rights and responsibilities to the 4 Dimensions of Social Responsibility
Corporate Citizenship
Name President, the year, and name of the Bill that gave legal protection to Americans buying products.
JFK's 1962 Consumer Bill of Rights
How have social responsibility concerns shifted from the 1960s into the late 1970s-1990s and into the 2000s-present day?
1960s = Civil rights and environmentalism
1970s-1990s = Bribery, government secrecy, and working conditions
2000s = Data privacy, financial transparency, and global sustainability
These three systems together act as a compliance system for businesses and employees.
Business Ethics, Social Responsibility, and Business Law
Name two ways businesses are responding to sustainability/environmental issues.
Pollution control and Alternative Energy