Business Ethics
In any business, its ethics are typically indicated through these policies or codes.
What is Code of Conduct or Ethical Guidelines?
These rules dictate the minimum acceptable standard in ethical business behavior.
What are Laws?
Social forces often involve the preferences and behaviors of these groups, affecting how businesses operate.
What are Consumers or Employees?
CSR refers to these actions by a company that benefit society beyond its profits and legal obligations.
What are Voluntary Actions or Initiatives?
A system that enforces ethical conduct in the workplace is called a?
What is Ethical Framework?
This theory in business ethics suggests the ethical action is the one that creates the most good for the greatest number.
What is Utilitarianism?
The U.S. law enacted to battle bribery and unethical practices in international businesses is called the?
What is the Foreign Corrupt Practices Act (FCPA)?
This term refers to a societal force that encourages companies to improve their corporate social responsibilities.
What is Consumer Activism?
This type of CSR focuses on minimizing negative impacts on the environment.
What is Environmental CSR?
This type of ethical behavior refers to actions that are performed out of a sense of duty or moral obligation.
What is Deontology?
This is an ethical approach that emphasizes the moral duties and obligations in making decisions.
What is Deontological Ethics?
This law makes monopolistic practices and unfair competition prohibited.
What are Antitrust Laws?
Social forces can lead to these regulatory changes that impact businesses.
What are Laws or Regulations?
Companies engaging in this practice donate a portion of their profits to charitable causes.
What is Philanthropy?
This concept suggests a business should be responsible beyond its shareholders, to its stakeholder such as employees and the community.
What is Stakeholder Engagement?
A conflict between personal interests and professional obligations is known as a?
What is Conflict of Interest?
These programs in a business to enforce strict compliance with laws and regulations are known as?
What are Compliance Programs?
These societal changes often act as social forces affecting business behavior.
What are Cultural Shifts or Social Movements?
Businesses can show CSR by caring for their employees by maintaining safe working conditions and this type of wage?
What is Living Wage?
This term represents the philosophical study of moral values and rules.
What is Moral Philosophy?
his unethical practice involves executives benefiting from decisions by trading company stock based on insider information.
What is Insider Trading?
This principle holds a corporation liable for any actions that its employees undertake within the scope of their employment.
What is Vicarious Liability?
New technologies or innovations often act as this type of force, influencing businesses and marketing strategies.
What is Technological Forces?
This theory suggests that businesses should serve interests of all stakeholders, not just shareholders.
What is Stakeholder Theory?
This branch of philosophy deals with questions about morality, concepts such as good and bad, right and wrong, justice, virtue, etc.
What is Ethics?