business 100 chapter 2 part 1

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business 100 chapter 2 part 1
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2012-02-11 13:23:29
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business 100 chapter 2 part 1
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  1. business ethics
    the application of moral standards to business situations
  2. they types of ethical concerns that arise in the business world
    fairness and honesty, organizational relationships, conflit of interests, communications
  3. the factors that affect the level of ethical behavior in organizations (individual factors)
    individual knowledge of an issue, personal values, personal goals
  4. the factors that affect the level of ethical behavior in organizations (social factors)
    cultural norms, coworkers, significant others, use of the internet
  5. the factors that affect the level of ethical behavior in organizations (opportunity factors)
    presense of opportunity, ethical codes, enforcement
  6. ethical decision making and how they can be encouraged (governments role)
    legislates more stringent regulations
  7. sarbanes-oxley stringent regulations
    provides sweeping new legal protection for employees who report corporate misconduct
  8. ethical decision making and how they can be encouraged (trade associations role)
    these organizations, which operate within particular industries, are in an excellent position to exert pressure on members who stoop to questionable business practices
  9. code of ethics
    a guide to acceptable and ethical behavior as defined by the organization
  10. whistle blowing
    informing the press or government officals about unethical practices within one's organizations
  11. social responsibility
    the recognition that business activites have an impact on society and the consideration of that impact in business decision making
  12. coveat emptor
    let the buyer beware; what you see is what you get
  13. interstate commerce act (1887)
    first federal act to regulate business practices
  14. sherman antitrust act (1890)
    prevented monopolies or mergers where competiotion was endangered
  15. pure food and drug act (1906)
    estblished limited supervision of interstate sale of food and drugs
  16. meat inspection act (1906)
    provided for limited supervision of interstate sale of meat and meat products
  17. federal trade commision act (1914)
    created the (FTR) to investigate illegal trade practices
  18. clayton antitrust act (1914)
    eliminated many forms of price discrimination that gave large businesses a competitive edge over small firms

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