Business Chapter 2

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  1. The study of right and wrong and of the morality of the choices individuals make.
  2. The application of moral standards to business situations.
    Business ethics
  3. Provides sweeping new legal protection for employees who report coorporate misconduct.
    Sarbanes-Oxley Act of 2002
  4. A guide to acceptable and ethical behavior as defined by the organization.
    Code of ethics
  5. Informing the press or government officials about unethical practices within one's organization.
  6. The recognition that business actibities hace an impact on society and the consideration of that impact in business decision making.
    Social responsibility
  7. A Latin phrase meaning "let the buyer beware".
    Caveat emptor
  8. The view that society will benefit most when business is left alone to produce and market profitable products that society needs.
    Economic model of social responsibility
  9. The concept that business should emphasize not only profits but also the impact of its decisions on society.
    Socioeconomic model of social responsibility
  10. All activities undertaken to protect the rights of consumers.
  11. 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.
  12. A plan designed to increase the number of minority employees at all levels withing an organization.
    Affirmative action program
  13. A government agency with the power to investigate complaints of employment discrimination and the power to sue firms that practice it.
    Equal Employment Opportunity Commission (EEOC)
  14. Workers with little education or vocational training and a long history of unemployment.
    Hard-core unemployed
  15. A joint business-government program to train the hard-core unemployed.
    National Alliance of Business (NAB)
  16. The contamination of water, air, or land through the actions of people in an industrialized society.
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Business Chapter 2
2013-02-27 20:40:42

spring 2013
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