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Business 101-02
Business Ethics & Social Responsibility
10
Business
Undergraduate 1
02/18/2013

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Cards

Term
Business Ethics
Definition

principles and standards that determine acceptable conduct in business

Term
Social Responsibility
Definition

a business’s obligation to maximize its positive impact and minimize its negative impact on society

Term
Ethical Issue
Definition

an identifiable problem, situation, or opportunity that requires a person to choose from among several actions that may be evaluated as right or wrong, ethical or unethical

Term
Bribes
Definition

payments, gifts, or special favors intended to influence the outcome of a decision

Term
Plagiarism
Definition

the act of taking someone else’s work and presenting it as your own without mentioning the source

Term
Code of Ethics
Definition

formalized rules and standards that describe what a company expects of its employees

Term
Whistleblowing
Definition

the act of and employee exposing an employer’s wrongdoing to outsiders, such as the media or government regulatory agencies

Term
Corporate Citizenship
Definition

the extent to which businesses meet the legal, ethical, economic, and voluntary responsibilities placed on them by their stakeholders

Term
Consumerism
Definition

the activities that independent individuals, groups, and organizations undertake to protect their rights as consumers

Term
Sustainability
Definition
conducting activities in a way that allows for the long-tern well-being of the natural environment, including all biological entities; sustainability involves the assessment and improvement of business strategies, economic sectors, work practices, technologies, and lifestyles so that they maintain the health of the natural environment
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