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Chapter 2 Business Ethics
and social responsibility
12
Computer Science
11th Grade
10/08/2008

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Cards

Term
What are Business Ethics?
Definition
Business ethics are the standards of conduct and moral values governing actions and decisions in the work environment
Term
What are 3 social issues that businesses have to take into account?
Definition
  • How will a decision affect the environment?
  • How will it affect its customers?
  • Its employees?
Term
What are the 3 social issues a part of ?
Definition

Social Responsibility

Term

What is social responsibility?

Definition
Social Responsibility is the philosophies, policies, procedures, and actions that enhance society’s welfare
Term

Through ethics and social responsibility, where do businesses find a balance?

Definition
Between doing what is right and doing what is profitable
Term

Business is ethics in practice. True or False?

Definition
True.
Term
To whom do companies have responsibilities to?
Definition
  • To its consumers
  • To its employees
  • To its investors
  • To society as a whole
Term
How can conflicts arise in a business?
Definition
When the business is trying to serve the different needs of each of the groups it owes responsibility to.
Term
What shape's a firm's decisions and actions?
Definition
The individual ethics of staff at all levels
Term

Business ethics are shaped by what factors?

Definition
  • By individuals weighing what’s right and wrong before deciding or taking action
  • By the ethical climate
  • By a firm’s codes of conduct
  • By a firm’s framework designed to encourage, or demand, high ethical standards from its workers
Term
What is ethical climate?
Definition
Ethical climate is the prevailing combination of a company’s stated beliefs and its real actions.
Term
What are codes of conduct?
Definition
Codes of conduct are usually made up of statements in which the “right thing to do” is encouraged and applauded
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