Essentials of Business Law - Chapter 2

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Author:
Drizzle
ID:
275635
Filename:
Essentials of Business Law - Chapter 2
Updated:
2014-06-01 15:31:07
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Business law
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Chapter 2
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  1. Sarbanes-Oxley
    A federal statute that placed an onus on upper management to monitor closely the financial dealings and disclosures of their firms and that established a board to oversee accounting practices in the United States.
  2. Ethics
    The philosophical study of what is right and wrong, good and bad.
  3. Morals
    Beliefs about behavior as judged by society.
  4. Values
    Beliefs or standards considered worthwhile, and from which a society derives its moral rules.
  5. Culture
    The set of shared attitudes, values, goals, and practices that characterize a social, racial, religious, or corporate group.
  6. Subculture
    An ethnic, economic, regional, religious, or social group with attitudes or behaviors that distinguish it from others within a larger culture.
  7. Code of ethics
    A set of rules that a company or other group adopts to express principles of ethical behavior that are expected of its personnel.
  8. Stakeholders
    People or groups who may be affected by a firm's actions or decisions.
  9. Whistleblower
    An employee who discloses to the government, media, or upper management that the company is involved in wrongful or illegal activities.

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