Ethical Terminology
The moral principles by which people conduct themselves personally, socially, or professionally.
What are ethics
Personal, social and professional.
What are three kinds of ethics?
The act passed in 1964 that requires men and women be paid the same wages for doing equal work.
What is the Equal Pay Act?
What is OHSA - Occupational Safety and Health Administration?
What is social responsibility?
Rules based on moral principles about how businesses and employees ought to conduct themselves.
What are business ethics
Gifts, money or favors are offered to encourage a business deal in the United States.
What is bribery?
The act which mandates truthful reporting and makes the CEO more accountable for the actions of the financial manager of a firm.
What is the Sarbanes-Oxley Act?
Government agency created in 1970 which enforces rules that protect the environment and control pollution.
What is the EPA, Environmental Protection Agency?
Businesses have a social responsibility to provide safe working conditions, equal treatment, and fair pay. In addition, they may choose to offer time off with pay, flextime, and other benefits. Companies do this because they have an ethical responsibility to _______.
Who are employees?
A set of guidelines for maintaining ethics in the workplace.
What is a code of ehtics? or What is a code of conduct?
Rules for conduct that may be used to punish violators.
What are laws?
Act which bans discrimination against people with physical or mental disabilities.
What is the Americans with Disabilities Act?
What is the Federal Communications Commission (FCC)?
Businesses have a responsibility to offer a safe product at a reasonable price. Businesses do this because they have a social responsibility to __________.
Who are customers?
A shop or factory in which workers are employed for long hours at low wages and under unhealthy conditions.
What is a sweatshop?
Lying, offering merchandise known to be substandard or treating customters or employees unfairly.
What are unethical business practices?
The act that protects competition by outlawing contracts and agreements that would reduce trade. Further, it makes it illegal to create a monopoly.
What is the Sherman Antitrust Act?
The federal government agency that protects consumers from dangerous or falsely advertised products.
Companies that recycle, digitize, pursue green waste management, install solar panels, or use energy-efficient light bulbs may do so because they feel a sense of responsibility to the _____________.
What is the environment?
A conflict between self-interest and professional obligation.
What is a conflict of interest?
Is it against the law? Does it violate company or professional policies? Even if everyone is doing it, how would I feel if someone did this to me? Am I sacrificing long'term benefits for short-term gains?
What are the ethical questions you should ask when making an ethical decision?
This act protects the jobs of workers should they need to take off work for health-related absences.
What is the Family Medical Leave Act (FMLA)
The agency was developed by Abraham Lincoln and is responsible for creating and executing laws related to meat, farming, and forestry. The agency is also responsible for the inspection, grading, and certification of meat and dairy products.
What is the U.S. Department of Agriculture (USDA)?
Businesses have a social responsibility to report accurate and truthful financial records. Companies do this because they have an ethical responsibility to ______________.
Who are creditors and owners of the business?