Shared Flashcard Set

Details

Chapter 4
Demanding Ethical and Socially Responsible Behavior
20
Business
Undergraduate 1
04/12/2022

Additional Business Flashcards

 


 

Cards

Term
What are standards of moral behavior, that is, behavior accepted by society as right vs wrong?
Definition
Ethics
Term
What 3 questions should you ask yourself when facing an ethical dilemma?
Definition
Is it legal?, is it fair?, and how will it make me feel about myself?
Term
What are ethical standards that emphasize preventing unlawful behavior by increasing control and by penalizing wrongdoers?
Definition
Compliance-based ethics codes
Term
What are ethical standards that define the organization's guiding values, create an environment that supports ethically sound behavior, and stress a shared accountability among employees?
Definition
Integrity-based ethics codes
Term
Who are insiders who report illegal or unethical behavior?
Definition
Whistleblowers
Term
Compliance-based or integrity-based ethics?
Conform to outside standards (laws and regulations).
Definition
Compliance-based
Term
Compliance-based or integrity-based ethics?
Conform to outside standards and internal standards.
Definition
Integrity-based
Term
Compliance-based or integrity-based ethics?
Avoid criminal misconduct.
Definition
Compliance-based
Term
Compliance-based or integrity-based ethics?
Enable responsible employee conduct.
Definition
Integrity-based
Term
Compliance-based or integrity-based ethics?
Education, reduced employee discretion, controls, and penalties.
Definition
Compliance-based
Term
Compliance-based or integrity-based ethics?
Education, leadership, accountability, decision processes, controls, and penalties.
Definition
Integrity-based
Term
What is a business's concern for the welfare of society?
Definition
Corporate social responsibility
Term
What is the dimension of social responsibility that includes charitable donations?
Definition
Corporate philanthropy
Term
What are enhanced forms of corporate philanthropy directly related to the company's competencies?
Definition
Corporate social initiatives
Term
What is the dimension of social responsibility that includes everything from hiring minority workers to making safe products?
Definition
Corporate responsibility
Term
What is the dimension of social responsibility that refers to the position a firm takes on social and political issues?
Definition
Corporate policy
Term
What is an unethical activity in which insiders use private company information to further their own fortunes or those of their family and friends?
Definition
Insider trading
Term
What is a systematic evaluation of an organization's progress toward implementing socially responsible and responsive programs?
Definition
Social audit
Term
What are the 5 types of groups that monitor how well a company enforces their ethical and social responsibility programs?
Definition
Socially conscious investors, socially conscious research organizations, environmentalists, union officials, and customers
Term
What is the standard on social responsibility called?
Definition
ISO 26000
Supporting users have an ad free experience!