Term
What are Business Ethics? |
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Definition
| They are the standards of conduct and moral values governing actions and decisions in the work environment. |
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Term
| What are the issues of Social Responsibility? |
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Definition
- Philosophies
- Policies
- Procedures
- Actions that enhance society's welfare
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Term
| A company has responsibilities to what groups? |
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Definition
- Consumers
- Employees
- Investors
- Society as a whole
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Term
| What are Individual Ethics? |
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Definition
| Individual ethics shape a firm's decisions and actions |
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Term
| What factors shape Individual Ethics? |
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Definition
- Individuals weighing what's right and wrong before taking actions
- By the ethical climate
- By a firm's code of conduct
- By a firm's framework
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Term
| What is an Ethical climate? |
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Definition
| The prevailing combination of a company's stated beliefs and its real actions |
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Term
| What are Codes of Conduct? |
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Definition
A made up statement in which the "right thing to do" is encouraged and applauded |
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Term
| Describe a Firm's Framework |
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Definition
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