Ethics
the study of right and wrong and of the morality of the choices individuals make
What is Ethics
provides sweeping new legal protection for employees who report corporate misconduct
What is the Sarbanes-Oxley Act of 2002
the recognition that business activities have an impact on society and the consideration of that impact in business decision making
What is Social Responsibility
adopting a strategic approach to fulfilling economic, ethical, environmental, and social responsibilities
What is Corporate citizenship
the contamination of water, air, or land through the actions of people in an industrialized society
What is pollution
the application of moral standards to business situations
What is Business Ethics
Required lenders and credit merchants to disclose the full cost of finance charge in both dollars and annual percentage rates
What is the Truth in Lending Act of 1968
the view that society will benefit most when business is left alone to produce and market profitable products that society needs
What is Economic model of social responsibility
a Latin phrase meaning “let the buyer beware”
What is caveat emptor
the amount of freedom an organization affords an employee to have unethically
What is opportunity
Definition:a guide to acceptable and ethical behavior as defined by the organization
What is a code of ethics
a plan designed to increase the number of minority employees at all levels within an organization
What is the Equal Employment Opportunity Commission (EEOC)
converting used materials into new products or components for new products in order to prevent their unnecessary disposal
What is recycling
informing the press or government officials about unethical practices within one’s organization
What is Whistle-blowing
knowingly taking someone else’s words, ideas, or other original material without acknowledging the source
What is plagiarism
Situations where an employee can take advantage of a situation that would benefit his/her own personal interest rather than the business.
What is a conflict of interest
a racial, religious, political, national, or other group regarded as different from the larger group of which it is a part and that is often singled out for unfavorable treatment
What is a minority
the concept that business should emphasize not only profits but also the impact of its decisions on society
What is the socioeconomic model of social responsibility
all activities undertaken to protect the rights of consumers
What is consumerism
workers with little education or vocational training and a long history of unemployment
What is hard-core unemployed
Fairness and Honesty, Organizational Relationships, Conflict of Interest, and Communications
a plan designed to increase the number of minority employees at all levels within an organization
What is Affirmative Action Program
the process of creating, making, delivering, and promoting products that are environmentally safe
What is green marketing
a comprehensive report of what an organization has done and is doing with regard to social issues that affect it
What is a social audit
Repeated work sabotage, verbal abuse, and/or abusive conduct that is threatening, humiliating, or intimidating.
What is bullying