Buisness Ethics Key Words

Question 1

Corporate social responsibility

Answer 1

A business has responsibility as a whole towards the community and environment

Question 2

Stakeholders

Answer 2

Any individual or group affected by the activities of a business

Question 3

Shareholder

Answer 3

Owns part of a business; takes a share of the profits and votes on decisions about how the company is run

Question 4

Whistleblowing

Answer 4

When an employee reports misconduct of a superior or coworker

Question 5

Globalisation

Answer 5

Economic and cultural interests across the world, not restricted to one country