Shared Flashcard Set

Details

GB101 Ch4
vocab
12
Business
Undergraduate 1
12/10/2008

Additional Business Flashcards

 


 

Cards

Term
Ethics
Definition
Standards of moral behavior, that is, behavior that is 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
People who report illegal or unethical behavior
Term
Corporate Social Responsibility
Definition
A business’s concern for the welfare of society
Term
Corporate Philanthropy


Definition
Dimension of social responsibility that includes charitable donations
Term
Corporate Social Initiatives
Definition
Enhanced forms of corporate philanthropy that are more directly related to the company’s competencies
Term
Corporate Responsibility
Definition
Dimension of social responsibility that includes everything from hiring minority workers to making safe products
Term
Corporate Policy
Definition
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 programs that are socially responsible and responsive
Term
Corporate Social Audit
Definition
Measures an organization's progress toward social responsibility
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