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MGT 100 Chapter 2
Business Ethics and Social Responsibility
23
Computer Science
Undergraduate 3
11/19/2015

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Term
Beliefs about what is right and wrong or good and bad in actions that affect others.
Definition
Ethics
Term
Behavior conforming to generally accepted social norms concerning beneficial and harmful actions.
Definition
Ethical Behavior
Term
Behavior that does not conform to generally accepted social norms concerning beneficial and harmful actions.
Definition
Unethical Behavior
Term
Ethical or unethical behaviors by employees in the context of their jobs.
Definition
Business Ethics
Term
Standards of behavior that guide individual managers in their work.
Definition
Managerial Ethics
Term
Occurs when an activity may benefit the individual to the detriment of his or her employer.
Definition
Conflict of Interest
Term
The four ethical norms are:
Definition
Utility Rights Justice Caring
Term
The attempt of a business to balance its commitments to groups and individuals in its environment, including customers, other businesses, employees, investors, and local communities.
Definition
Social Responsibility
Term
Those groups, individuals, and organizations that are directly affected by the practices of an organization and who therefore have a stake in its performance.
Definition
Organizational Stakeholders
Term
Form of social activism dedicated to protecting the rights of consumers in their dealings with businesses.
Definition
Consumerism
Term
Illegal agreement between two or more companies to commit a wrongful act.
Definition
Collusion
Term
Employee who detects and tries to put and end to a company's unethical, illegal, or socially irresponsible actions by publicizing them.
Definition
Whistle-blower
Term
Illegal practice of using special knowledge about a firm for profit or gain.
Definition
Insider Trading
Term
Approach to social responsibility that involves doing as little as possible and may involve attempts to deny or cover up violations.
Definition
Obstructionist Stance
Term
Approach to social responsibility by which a company meets only minimum legal requirements in its commitments to groups and individuals in its social environment.
Definition
Defensive Stance
Term
Approach to social responsibility by which a company, if specifically asked to do so, exceeds legal minimums in its commitments to groups and individuals in its social environment.
Definition
Accommodative Stance
Term
Approach to social responsibility by which a company actively seeks opportunities to contribute to the well-being of groups and individuals in its social environment.
Definition
Proactive Stance
Term
Systematic analysis of a firm's success in using funds earmarked for meeting its social responsibility goals.
Definition
Social Audit
Term
Ethics comes into play in the relationship of a business and its employees with so-called ____-- mainly customers, competitors, stockholders, suppliers, dealers, and unions.
Definition
primary agents of interest
Term
Most companies that strive to be responsible to their stakeholders concentrate first and foremost on five main groups: _____, _____, _____, _____, and the _____ where they do business.
Definition
customers employees investors suppliers local communities
Term
____ is the act of injecting harmful substances into the environment.
Definition
Pollution
Term
____: the marketing of environmentally friendly goods.
Definition
Green marketing
Term
____: responding to increased demand with overly steep (and often unwarranted) price increases.
Definition
Price gouging
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