2. Defining Business Ethics Flashcards
1
Q
Business Ethics
A
The application of ethical standards to business behavior.
2
Q
Stakeholder
A
Someone with a share or interest in a business enterprise.
3
Q
Corporate Governance
A
The system by which business corporations are directed and controlled.
4
Q
Oxymoron
A
The combination of two contradictory terms, such as “deafening silence” or “jumbo shrimp”.
5
Q
Code of Ethics
A
A company’s written standards of ethical behavior that are designed to guide managers and employees in making the decisions and choices they face every day.
6
Q
Ethical Dilemma
A
A situation in which there is no obvious right or wrong decision, but rather a right or right answer.
