Shared Flashcard Set

Details

Business Foundation Ch. 2
Business Foundation
20
Business
Undergraduate 3
10/01/2015

Additional Business Flashcards

 


 

Cards

Term
Business Ethics
Definition
standards of conduct and moral values regarding right and wrong actions in the work environment.
Term
Sarbanes-Oxley Act of 2002
Definition
federal legislation designed to deter and punish corporate and accounting fraud and corruption and to protect the interests of workers and shareholders through enhanced financial disclosures, criminal penalties on CEOs and CFOs who defraud investigators, safeguards for whistle blowers, and establishment of a new regulatory body for public accounting firms.
Term
Conflict of interst
Definition
situation in which an employee must choose between a business's welfare and personal gain
Term
Integrity
Definition
adhering to deeply felt ethical principles in business situations
Term
Whistle-blowing
Definition
employee's disclosure to company officials, government authorities, or the media of illegal, immoral or unethical practices committed by an organization
Term
Code of Conduct
Definition
formal statement that defines how an organization expects its employees to resolve ethical issues
Term
Stakeholders
Definition
customers, investors, employees, and public affected by or with an interest in a company
Term
Social Responsibility
Definition
business's consideration of society's well-being and consumer satisfaction, in addition to profits
Term
Social Audits
Definition
formal procedures that identifies and evaluates all the company activities that relate to social issues such as conservation, employment practices, environmental protection, and philanthropy
Term
Recycling
Definition
Reprocessing of used materials for reuse
Term
Green marketing
Definition
a marketing strategy that promotes environmentally safe products and production methods
Term
Sustainable
Definition
the capacity to endure in ecology
Term
Corporate Philanthropy
Definition
effort of an organization to make a contribution to the communities in which it earns profits
Term
consumerism
Definition
public demand that a business consider the wants and needs of its customers in making decisions
Term
product liability
Definition
the responsibility of manufacturers for injuries and damages caused by their products
Term
Family Leave
Definition
the Family and Medical Leave Act of 1993 states that employers with 50 or more employees must provide unpaid leave up to 12 weeks annually for any employee who wants time off for the birth or adoption of a child, to become a foster parent, or to care for a seriously ill relative, spouse or self if he or she has a serious health condition or injury.
Term
discrimination
Definition
biased treatment of a job candidate or employee
Term
Equal Employment Opportunity Commission (EEOC)
Definition
this commission was created to increase job opportunities for women and minorities and to help end discrimination based on race, color, religion, disability, gender, or national origin in any personnel action
Term
Sexual Harassment
Definition
unwelcome and inappropriate actions of a sexual nature in the workplace.
Term
Sexism
Definition
discrimination against members of either sex, but primarily affecting women.
Supporting users have an ad free experience!