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Ch.4 Terms
Demanding Ethical and Socially Responsible Behavior
11
Business
Professional
02/05/2014

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Cards

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