refer to a person’s personal philosophies about what is right or wrong.
What is MORALS
100
term often used to express the extent to which businesses strategically meet the economic, legal, ethical, and philanthropic responsibilities placed on them by their various stakeholders.
What is CORPORATE CITIZENSHIP
100
a problem, situation, or opportunity that requires an individual, group, or organization to choose among several actions that must be evaluated as right or wrong, ethical or unethical.
What is ETHICAL ISSUE
100
defined as exaggerated advertising, blustering, and boasting upon which no reasonable buyer would rely and is not actionable under the Lanham Act.
What is PUFFERY
100
type of fraud which is the process of dishonestly creating, distributing, promoting, and pricing products
What is MARKETING FRAUD
200
an organization’s obligation to maximize its positive impact on stakeholders and to minimize its negative impact.
What is CORPORATE SOCIAL RESPONSIBILITY
200
formal systems of accountability, oversight, and control
What is CORPORATE GOVERNANCE
200
occurs when consumers attempt to deceive businesses for their own gain.
What is CONSUMER FRAUD
200
Created by President Kennedy to ensure the right to safety, the right to be informed, the right to choose, and the right to be heard
What is CONSUMERS’ BILL OF RIGHTS
200
refers to being whole, sound, and in an unimpaired condition
What is INTEGRITY
300
specific and pervasive boundaries for behavior that should not be violated
What is PRINCIPLES
300
The concept of board members being linked to more than one company is known as
What is INTERLOCKING DIRECTORATE
300
is the practice of offering something (usually money) in order to gain an illicit advantage
What is BRIBERY
300
Based on the six principles of the Defense Industry Initiative, this codified into law incentives to reward organizations for taking action, such as developing effective internal legal and ethical compliance programs, in order to prevent misconduct
What is FEDERAL SENTENCING GUIDELINES FOR ORGANIZATIONS
300
This represents the most sweeping financial legislation since the Sarbanes-Oxley Act and possibly since the Great Depression to address lingering issues related to the financial crisis
What is DODD-FRANK WALL STREET REFORM AND CONSUMER PROTECTION ACT.
400
acceptable behavior as defined by the company and industry
What is ETHICAL CULTURE
400
The degree to which a firm understands and addresses stakeholder demands can be expressed as a
What is STAKEHOLDER ORIENTATION
400
exists when an individual must choose whether to advance his or her own interests, those of the organization, or those of some other group
What is CONFLICT OF INTEREST
400
relates to distorting the truth.
What is LYING
400
enduring beliefs and ideals that are socially enforced.
What is VALUES
500
Congress passed this in 2002 to address a loss of confidence in financial reporting and corporate ethics.
What is SARBANES-OXLEY ACT
500
those whose continued association is necessary for a firm’s survival (employees, customers, investors, and stockholders, governments and communities that provide necessary infrastructure).
What is PRIMARY STAKEHOLDERS
500
the collection and analysis of information on markets, technologies, customers and competitors, as well as on socioeconomic and external political trends.
What is CORPORATE INTELLIGENCE
500
comprises organizational principles, values, and norms that may originate from individuals, organizational statements, or from the legal system that primarily guide individual and group behavior in the world of business.
What is BUSINESS ETHICS
500
involves falsifying information about a corporation’s financial reports, which would otherwise provide important information about the financial health of the company to investors and other stakeholder groups