Term
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Definition
| Moral principles by which people conduct themselves personally, socially, or professionally. |
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| Rules based on moral principles about how businesses and employees ought to conduct themselves |
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| A set of guidelines for maintaining ethics in the workplace |
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| A shop or factory in which workers are employed for long hours at low wages and under unhealthy conditions |
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| The Occupational Safety and Health Administration (OSHA) |
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Definition
| Sets and enforces work-related health and safety rules. |
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| Unethical business practices |
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Definition
| Can result in bad word of mouth and result in lost sales. |
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| Unethical behavior toward employees |
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Definition
| Can lead to legal action or a high rate of employees quitting. |
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Definition
| A major ethical question that is generally not illegal. |
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| Social responsibility of business |
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| Takes into consideration all that business does or does not do to solve the problems of society. |
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Definition
| Valued by businesses that follow ethical standards |
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| The Food and Drug Administration (FDA) |
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Definition
| A federal government agency that protects consumers from dangerous or falsely advertised products. |
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| Fair competition among businesses |
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Definition
| Necessary for the marketplace to operate effectively |
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| Requires that men and women be paid the same wages for doing equal work. |
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| The Americans with Disabilities Act |
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Definition
| Bans discrimination against people with physical or mental disability. |
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Term
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Definition
| Enforces rules that protect the environment and control pollution |
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| Environmental responsibility |
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Definition
| one of the biggest issues facing business |
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Definition
| Moral principles that guide an individual |
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Term
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Definition
| Rules based on moral principles and used by a business. |
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Term
| Identify the ethical dilemma. |
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Definition
| First step of decision making |
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| Discover alternative actions. |
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Definition
| Second step of decision making |
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| Decide who might be affected |
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| Third step of decision making |
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| List the probable effects of the alternatives |
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Definition
| Fourth step of decision making |
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| Select the best alternative |
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Definition
| Fifth step of decision making |
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