Shared Flashcard Set

Details

Chapter 2
Business: A Changing World 8th edition
10
Business
Undergraduate 3
01/29/2012

Additional Business Flashcards

 


 

Cards

Term
Conflict of Interest
Definition
exists when a person must choose whether to advance his or her own personal interests or those of others.
Term
Bribes
Definition
payments, gifts, or special favors intended to influence the outcome of a decision.
Term
Code of Ethics
Definition
formalized rules and standards that describe what a company expects of its employees.
Term
Whistleblowing
Definition
the act of an 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 stock holders.
Term
What are the 4 dimensions to social responsibility?
Definition
1. Economic
2. Legal
3. Ethical
4. Voluntary
Term
Sarbanes-Oxley Act
Definition
criminalized securities fraud and stiffened penalties for corporate fraud.
Term
Occupational Safety and Health Administration
(OSHA)
Definition
Enforces many of the laws regarding safety in the workplace
Term
Consumerism
Definition
the activities that independant individuals, groups, and organizations undertake to protect their rights as consumers.
Term
Business Ethics
Definition
principals and standards that determine acceptable conduct in business
Supporting users have an ad free experience!