Vocabulary
Guidelines for human behavior; the moral code by which people live and conduct business
What are ethics?
Strategies include eliminating waste and emissions and increase product efficiency.
What is responsibility to the environment?
Codes of ethics can be written or unwritten: True or False
What is True?
Set the boundaries for what we believe to be correct and moral behavior
What is ethics?
the study of behavior and morals in business situations
What are business ethics?
the principle that companies should contribute to the welfare of society and not be solely devoted to maximizing profits.
What is Social Responsibility?
Includes strategies like donating products, involving employees in philanthropy, and joining other companies to promote social responsibility.
What is responsibility to the community?
Establishing a record in advance of any problems means you are being
What is proactive?
demonstrated when entrepreneurs conduct business in a positive way and build their reputation
What is integrity?
ethical behavior guidelines that govern the day-to-day activities of a profession or organization
What is a code of ethics?
the act of making charitable donations to improve the welfare of society
What is philanthropy?
Strategies include treating employees fairly, offering flextime, health care, telecommuting, and on-site child care.
What is being a responsible employer?
Ways of doing things that have come about over time
What are norms?
The first step in creating codes of ethics is to
What is brainstorm ethical dilemmas?
a clash between a person's private interests and his or her responsibilities in a position of trust.
What is a conflict of interest?
conduct that adheres to the moral code by which people live and conduct business
What is ethical behavior?
Strategies include high ethical standards with coworkers, management, and customers.
What is responsibilities of employees?
Can be seriously damaged when issues are caused to the environment, community, customers, and employees.
What is reputation?
The second step in creating a code of ethics is
What is discuss potential solutions?
a payment made to secure special services for a business or special consideration for its products
What is a bribe?
an independent federal agency established to coordinate programs and enforce regulations aimed at reducing pollution and protecting the environment
What is the Environmental Protection Agency (EPA)?
Strategies include not misleading customers, giving complete information and labeling unsafe products.
What is responsibilities to Customers?
One reason why employees choose to be unethical is
What are cultural differences?
A reason why employees choose to be unethical
What are desperate measures?
written standards entrepreneurs create that communicate what is and is not acceptable conduct in the workplace
What are policies? What is a code of ethics?