Business 103 Chapter 4 Vocabulary

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  1. Ethics
    Standards of moral behavior, that is, behavior accepted by society as right versus wrong.
  2. compliance-based ethics
    codes
    • Ethical standards that
    • emphasize preventing unlawful
    • behavior by increasing control
    • and by penalizing wrongdoers
  3. integrity-based ethics codes
    • Ethical standards that define
    • the organization’s guiding
    • values, create an environment
    • that supports ethically sound
    • behavior, and stress a shared
    • accountability among
    • employees.
  4. whistleblowers
    • Insiders who report illegal or
    • unethical behavior
  5. corporate social
    responsibility (CSR)
    • A business’s concern for the
    • welfare of society.
  6. corporate philanthropy
    • The dimension of social
    • responsibility that includes
    • charitable donations
  7. corporate social initiatives
    • Enhanced forms of corporate
    • philanthropy directly related to
    • the company’s competencies
  8. corporate responsibility
    • The dimension of social
    • responsibility that includes
    • everything from hiring minority
    • workers to making safe
    • products.
  9. corporate policy
    • The dimension of social
    • responsibility that refers to the
    • position a firm takes on social
    • and political issues
  10. insider trading
    • An unethical activity in which
    • insiders use private company
    • information to further their own
    • fortunes or those of their family
    • and friends.
  11. social audit
    • A systematic evaluation of an
    • organization’s progress toward
    • implementing socially
    • responsible and responsive
    • programs.

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Author:
davecowman
ID:
334021
Filename:
Business 103 Chapter 4 Vocabulary
Updated:
2017-09-07 14:32:26
Tags:
Ethics
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Ethics
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