Terms 1
the minimal actions or practices a business must undertake to satisfy the base threshold for acting ethically
moral minimum
a long-term approach to the interaction between business activity and societal impact on the environment and other stakeholders
sustainability
The sole pursuit of profit today, at the expense of a broader CSR perspective, is:
justifiable or unjustifiable
unjustifiable
This type of health has recently become a concern, causing businesses to create "cruelty free" makeup products, "cage free" eggs, and "fur free" clothing.
animal
This normative ethical theory is aligned with sustainability.
deontology
the legal doctrine holding that a corporation, separate and apart from the people who are its owners and managers, has some of the same legal rights and responsibilities enjoyed by natural persons
corporate personhood
a pay-to-pollute system in which those who discharge carbon into the air pay a fee or tax
carbon tax
The benefits of this being high is that employers enjoy high employee retention rates, low absenteeism, and high productivity
employee morale or morale
What is a “pay-to-pollute” system that charges a fee or tax to those who discharge carbon into the air?
carbon tax
actions a firm undertakes to satisfy the base threshold for acting ethically
moral minimum
a system that limits greenhouse gas emissions by companies while allowing them to buy and sell pollution allowances
the amount of carbon dioxide and other carbon compounds released by the consumption of fossil fuels
carbon footprint
The different cultural values and norms faced by firms operating in a foreign environment
cultural conflict
One way to address the issue of shared responsibility between corporations and society is the implementation of a(n) ________.
cap and trade system
Which legislation was passed in 2002 that mandates reporting transparency by businesses in areas ranging from finance to accounting to supply chain activities?
Sarbanes-Oxley (SOX) Act
an enumerated power listed in the Constitution giving the federal government the right to regulate commerce between states
commerce clause
an economy theory highlighting the human tendency to use as much of a free natural resource as wanted without regard for others’ needs or for long-term environmental effects or issues
tragedy of the commons
CSR serves as this by enabling the firm to develop credibility among stakeholders
brand insurance
Corporate Personhood is business owner's protection against loss of personal assets
true or false
false
There are 3 positions regarding States Rights.
1) Limit the power of the Federal Government
3) The Centralized government isn't that bad, it does provide an array of benefits
What is 2?
a 2010 Supreme Court ruling in favor of unlimited spending by individuals and corporations on political campaigns
Citizens United
legislation passed in 2002 that mandates reporting transparency by businesses in areas ranging from finance to accounting to supply chain activities
Sarbanes-Oxley
To internalize this cost of operations, is to ensure any pollution is cleaned up before being expelled into the environment
environmental
True or False
Earth Jurisprudence officially recognizes the legal status of the environment is necessary to preserve a healthy planet.
true
Corporate and nonprofit business entities may not seek to persuade the voting public by spending an unlimited amount of money on political advertisements.
true or falsefalse