Ethical Norms
Gathering facts to decide if something is ethical or unethical what is considered?
The four ethical norms / ethical norms
Having Fair prices
Honoring Warranties
Affect which stakeholder?
Customer
Firms typically confront concerns about responsibility towards the environment, employees, customers and investors is referred to as:
Social Responsibility
Individual beliefs about what is right and wrong.
Ethics
Government indirectly influences social responsibility of organizations.
Indirect Regulation
Asks: Does a particular act optimize the benefits of those who are affected by it?
Utility
Treating them right
Making them feel like apart of the team
Make sure the environment is safe
Employees
Employee who detects and tries to put an end to unethical, illegal , or socially irresponsible actions by publicizing it.
Whistle-Blower
Approach to social responsibility that involves doing as little as possible and may involve attempts to deny or cover up violations.
Obstructionist Stance
An individual business person wanted to present his or her opinion on a piece of legislation what method might be used?
Personal Contacts
Ask: Does it respect the rights of all individuals involved?
Rights
Provide appropriate information to shareholders
Managing the organizations to protect the shareholders rights and investments.
Investors
Illegal practice of using special knowledge about a firm for profit or gain.
Insider Trading
Approach to social responsibility by which a company meets only minimum legal requirements in its commitments to groups and individuals in its social environment.
Defensive Stance
In what way can a business or industry represent themselves before political bodies in order to influence the government?
Lobbying
Asks: is it consistent to what's fair?
Justice
Negotiating delivery schedules
Prices appropriate to both firms
Suppliers
Dumping into the ocean and fracking effect which area of social responsibility?
Environmental
approach to social responsibility by which a company, if specifically asked to do so, exceeds legal minimums in its commitments to groups and individuals in its social environment.
Accommodative Stance
Types of organizations used to solicit money that is then distributed to politcal canadiates
Political action committee
Caring
Many business strive to be good corporate citizens by minimizing their negative impacts on their communities.
Local and international communities
When a firm modifies production process to limit consumption of valuable resources, and promotes the product as environmentally friendly.
Green Marketing
Approach to social responsibility by which a company actively seeks opportunities to contribute to the well-being of groups and individuals in its social environment.
Proactive Stance
Which of the following allows for financial sanctions against businesses or business officials who engage in bribery?
U.S Foreign corruption practices act