2.1 and Social Responsibility in Business
are principles of right and wrong that influence behavior.
What is Ethics.
is a set of ethical standards to help guide an organization’s actions.
What is a code of ethics.
What are the two main goals of a business?
What is making a profit and CSR.
a factory or farm in which employees work long hours for low wages usually under environmentally, physically, or mentally abusive conditions.
What is a sweatshop.
organization that's purpose is to earn enough profit to cover its expenses.
What is a non profit organization.
are the relatively permanent and deeply held underlying beliefs and attitudes that help determine people’s behavior.
What are values
it attempts to prevent criminal misconduct by increasing control and punishing violators.
What is a compliance based ethics code.
the systematic assessment of a company’s performance in implementing socially responsible programs, often based on predefined goals.
What is a social audit.
Diminished reputation, employee fraud, costly lawsuits, and fines and jail time are what
What are the 4 negative effects of unethical business
part of the economy that is controlled by the government.
What is the public sector.
are rules of conduct or action formally recognized as binding or enforced by a controlling authority, such as police officers and the court system.
What is laws.
it seeks to foster responsible employee conduct by creating an environment that supports ethically desirable behavior
What is an integrity based ethics code.
is about being a good organizational citizen.
Who are the 6 beneficiaries of business practices?
What is the customers, suppliers, owners, employees, local communities, and the international community.
the exchange of goods or services for an agreed sum of money.
What is selling.
are the ethics, values, attitudes, and behaviors that are deemed to be normal or typical in a given culture.
What is cultural(culture) norms.
who's job is it to integrate the organization’s ethics and values initiatives, compliance activities, and business practices within the company’s decision making processesoff
what is an ethics officer.
Legal Responsibilty is the ____ level of the Carroll's global pyramid.
What is the 3rd level.
As a part of its written commitment to CSR, the AMJ has promised to match its employees contributions to charitable organizations within the US. Which stakeholders does the policy benefit.
a. Owners
b. International Community
c. Local and National Community
d. Suppliers
What are the 5 factors of production
What is natural resources, human resources, capital, entrepreneurship, and knowledge.
Cancelling a company retirement plan is....
What is legal but unethical.
Who signed the Sarbanes Oxley Act into effect in 2002?
Who is George W. Bush
Who believed the main goal of a business was to maximize profits.
Who is Milton Friedman
The global compact promotes 4 areas, they are:
What is human rights, good labor practices, environmental protection, and anti corruption standards.