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BUS100 Ch2 Key Terms
BUS100 Chapter 2 Key Terms
18
Business
Undergraduate 1
01/29/2012

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Term
Ethics
Definition
beliefs about what is right or wrong and good or bad in actions that affect others.
Term
Ethical Behavior
Definition
behavior conforming to generally accepted social norms concerning beneficial and harmful actions.
Term
Unethical Behavior
Definition
behavior that does not conform to generally accepted social norms concerning beneficial and harmful actions.
Term
Business Ethics
Definition
ethical or unethical behavior behaviors by employees in the context of their jobs.
Term
Managerial Ethics
Definition
standards of behavior that guide individual managers in their work.
Term
Social Responsibility
Definition
the attempt of a business to balance its commitments to groups and individuals in its environment, including customers, other businesses, employees, investors, and local communities.
Term
Organizational Stakeholders
Definition
those groups, individuals, and organizations that are directly affected by the practices of an organization and who therefore have a stake in its performances.
Term
Greenwashing
Definition
using advertising to project a green image without adopting substantive environmentally friendly changes.
Term
Consumerism
Definition
form of social activism dedicated to protecting the rights of consumers in their dealings with businesses.
Term
Collusion
Definition
illegal agreement between two or more companies to commit a wrongful act.
Term
Green Marketing
Definition
the marketing of environmentally friendly goods.
Term
Whistle-Blower
Definition
employee who detects and tries to put an end to a company's unethical, illegal, or socially irresponsible actions by publicizing them.
Term
Insider Trading
Definition
illegal practice of using special knowledge about a firm for profit or gain.
Term
Obstructionist Stance
Definition
approach to social responsibility that involves doing as little as possible and may involve attempts to cover up violations.
Term
Defensive Stance
Definition
approach to social responsibility by which a company meets only minimum legal requirements in its commitments to groups and individuals in its social environment.
Term
Accommodative Stance
Definition
approach to social responsibility by which a company exceeds legal minimums in its commitments to groups and individuals.
Term
Proactive Stance
Definition
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.
Term
Social Audit
Definition
systematic analysis of a firm's success in using funds earmarked for meeting its social responsibility goals.
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