Chapter 4
Ethical standards that emphasize preventing unlawful behavior by increasing control and by penalizing wrongdoers.
What is compliance
A systematic evaluation of an organizations progress toward implementing socially responsible and responsive programs.
What is a social audit
A person who buys a franchise.
Franchisee
accepting risk for starting and running a business.
what is Entrepreneurship
Skills that involve the ability to picture the organization as a whole and relationship among the various parts.
What are conceptual skills
The dimension of social responsibility that includes charitable donations.
What is Corporate Philanthropy
Insiders who report illegal or unethical behavior.
what is a whisteblower
A person who sells a franchise
What is a franchisor
Centers that offer new business low-cost offices with basic business services.
What is incubators
The process of preparing alternative courses of action that may be used if primary plans don’t achieve the organizations objectives.
What is a contingency Plan
The dimension of social responsibility that includes everything from hiring minority workers to making safe products.
What is corporate responsibility
One company’s purchase of the property and obligation of another company.
Acquisition
§an owner who has unlimited liability and is active in managing the firm.
What is a general partner
a US government agency that advises and assists small businesses by providing management training and financial advice and loans.
What is the SBA
Choosing among two or more alternatives.
What is Decision Making
An unethical activity in which insider use private company information to further their own fortunes or those of their family and friends.
What is insider trading
A legal entity with authority to act and have liability separate from the owners.
What is a corporation
An attempt by employees, management, or a group of investors to purchase an organization primarily through borrowing.
What is a leverage buyout
Individuals or companies that invest in new businesses in exchange for partial ownership of those businesses.
Who are venture Capitalist
The broad, long-term accomplishments wishes to attain.
What are goals
Ethical standards that define the organization’s guiding values, create an environment that supports ethically sound behavior and stress a shared accountability among employees.
What is integrity
The right to use a specific business’s name and sell its products or services in a given territory.
What is a Franchise
The results of 2 firms forming one company.
What is a Merger
Coming up with as many solutions to a problem as possible in a short period of time with no censoring of ideas.
What is brainstrorming
Giving workers the education and tools they need to make decisions.
What is enabling