CHAPTER 4.1 VOCAB
ACTS
ETHICS IN BUISNESS
CHAPTER 4.2 VOCAB
100
a set of moral principles or values that govern behavior
What is ethics
100
makes it illeagal for companies to monopolize trade
What is the sherman act
100
it helps them determine how to behave
Why is ethic important in buisness
100
refers to the obligation that individuals or buisnesses have to help solve social problems
What is social responsibility
200
outlines the principles of conduct to be used in making decisions with the organization
What is code of ethics
200
makes it illegal to charge different prices to wholesale customers
What is the clayton act
200
it helps determine how they behave in different situations
Why is ethics important to individuals
200
a company's employees, customers, suppliers and the community
What is stakeholders
300
ownership of ideas, such as inventions, books, movies, and computer programs
What is intellectual property
300
it regulates air emissions
What is the clean air act
300
a review of a buisness's social responsiveness
What is social audit
400
protects consumers in the US against unethical and unsafe buisness practices
What is consumer protection
400
standards on the quantity of pollutants that industries can put into bodies of water
What is the clean water act of 1977
400
thinking about the role of buisness changed in the 20's and 30's
What is trusteeship management
500
acts that help protect the enviroment
What is enviromental protection
500
bans unfair or deceptive acts or practices, including false advertisement
What is the wheeler-lea act
500
simpily means to maximize the profits
What is profit maximization
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