Term
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Definition
| the standards of conduct and moral values governing actions and decisions in the work enviornment |
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Term
| what are the social issues that a business have to take into account? |
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Definition
how will a decision affect the enviornment?
how will it affect it customers?
how will it affect its employees |
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Term
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Definition
| the philosophies, policies. procedures, and actions that enhance society's welfare. |
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Term
| who does a company have responsibility to? |
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Definition
| its customer, employees, investors, and to society as a whole. |
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Term
| what shapes a firm's decisions and actions? |
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Definition
| the individual ethics of staff at all levels, not just executives |
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Term
| what factors shape the factors of business ethics |
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Definition
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Term
what is the Sarbanes-Oxley Act |
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Definition
it establishes new regulations for securities, trading, and accounting practices. it requires companies to publish their code of ethics and inform the public of changes in it, it forces CEOs to make sure that financial statements are accurate, and it may encourage companies to write codes and guidelines |
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