Term
|
Definition
| Standards of moral behavior,that is, behavior that is accepted by society as right versus wrong |
|
|
Term
| Compliance-based ethics codes |
|
Definition
| Ethical standards that emphasize preventing unlawful behavior by increasing control and by penalizing wrongdoers |
|
|
Term
| Intergrity-based ethics codes |
|
Definition
| Ethical standards that define the organization's guiding values, create an environment that supports ethically sound behavior, and stress a shared accountability among employees |
|
|
Term
|
Definition
| People who report illegal or unethical behavior |
|
|
Term
| Corporate social responsibility |
|
Definition
| A business's concern for the welfare of society |
|
|
Term
|
Definition
| Dimension of social responsibility that includes charitable donations |
|
|
Term
| Corporate social initiatives |
|
Definition
| Enhanced forms of corporate philanthropy that are more directly related to the company's competencies |
|
|
Term
|
Definition
| Dimension of social responsibility that includes everything from hiring minority workers to making safe products |
|
|
Term
|
Definition
| Dimension of social responsibility that refers to the position a firm takes on social and political issues |
|
|
Term
|
Definition
| An unethical activity in which insiders use private company information to further their own fortunes or those of their family and friends |
|
|
Term
|
Definition
| A systematic evaluation of an organization's progress toward implementing programs that are socially responsible and responsive |
|
|
Term
|
Definition
| A business that is owned, and usually managed, by one person |
|
|
Term
|
Definition
| A legal form of business with two or more owners |
|
|
Term
|
Definition
| A legal entity with authority to act and have liability separate from its owners |
|
|
Term
|
Definition
| The responsibility of business owners for all the debts of the business |
|
|
Term
|
Definition
| A partnership in which all owners share in operating the business and in assuming liability for the business's debts |
|
|
Term
|
Definition
| A partnership with one or more general partners and one or more limited partners |
|
|
Term
|
Definition
| An owner(partner) who has unlimited liability and is active in managing the firm |
|
|
Term
|
Definition
| AN owner who invests money in the business but does not have any management responsibility or liability for losses beyond the investment |
|
|
Term
|
Definition
| The responsibility of a business's owners for losses only up to the amount they invest; limited partners and shareholders have limited liability |
|
|
Term
| Master limited partnership (MLP) |
|
Definition
| A partnership that looks much like a corporation but is taxed like a partnership and thus avoids the corporate income tax |
|
|
Term
| Limited liability partnership (LLP) |
|
Definition
| A partnership that lmits partners' risk of losing their personal assets to only their own acts and omissions and to the acts and omissions of people under their supervision |
|
|
Term
| Conventional (C) corporation |
|
Definition
| A state-chartered legal entity with authority to act and have liability separate form its owners |
|
|
Term
|
Definition
| A unique government creation that looks like a corporation but is taxed like sole propretorships and partnerships |
|
|
Term
| Limited liability company (LLC) |
|
Definition
| A company similar to an S corporation but without the special eligibility requirements |
|
|
Term
|
Definition
| The result of two firms forming one company |
|
|
Term
|
Definition
| One company's purchase of the property and obligations of another company |
|
|
Term
|
Definition
| The joining of two companies involved in different stages of related businesses |
|
|
Term
|
Definition
| The joining of two firms in the same industry |
|
|
Term
|
Definition
| The joining of firms in completely unrelated industries |
|
|
Term
|
Definition
| An agreement whereby someone with a good idea for a business sells the rights to use the business name and sell a product or service to others in a given territory |
|
|
Term
|
Definition
| A company that develops a product concept and sells others the rights to make and sell the products |
|
|
Term
|
Definition
| A business owned and controlled by the people who use it-producers, consumers, or workers, with similar needs who pool their resources for mutual gain |
|
|
Term
|
Definition
| Accepting the risk of starting and running a business |
|
|
Term
|
Definition
| a group of experienced people from different areas of business who join together to form a managerial team with the skills needed to develop, make, and market a new product |
|
|
Term
|
Definition
| entrepreneurs willing to accept the risks of starting and managing the type of business that remains small, lets them do the kind of work they want to do, and offers them a balanced lifestyle |
|
|
Term
|
Definition
| creative people who work as entrepreneurs within corporations |
|
|
Term
|
Definition
| specific geographical areas to which governments try to attract private business investment by offering lower taxes and other government support |
|
|
Term
|
Definition
| centers that offer new businesses low-cost offices with basic business services |
|
|
Term
|
Definition
| a business that is independently owned and operated, is not dominant in its field of operation, and meets certain standards of size in terms of employees or annual receipts |
|
|
Term
|
Definition
| a detailed written statement that describes the nature of the business, the target market, the advantages the business will have in relation to competition, and the resources and qualifications of the owner(s) |
|
|
Term
|
Definition
| individuals or companies that invest in new businesses in exchange for partial ownership of those businesses |
|
|
Term
| Small Business Administration(SBA) |
|
Definition
| A U.S. government agency that advises and assists small businesses by providing management training and financial advice and loans |
|
|
Term
| Small Business Investment Company (SBIC) Program |
|
Definition
| A program through which private investment companies licensed by the Small Business Administration lend money to small businesses |
|
|
Term
|
Definition
| people with unsatisfied wants and needs who have both the resources and the willingness to buy |
|
|
Term
| Service Corps of Retired Executives (SCORE) |
|
Definition
| A SBA office with volunteers from industry, trade associations, and education who counsel small businesses at no cost (except for expenses) |
|
|
