Business eithics Flashcards
A set of beliefs about right and wrong, good and bad
Ethics
application of right and wrong, good and bad in a business setting
Business ethics
obligation of a business to contribute to society
social responsibility
What is the goal about ethics and legal
to be both Ethical and Legal
A decision that involves a conflict of values
Ethical dilemma
a written document that defines the ethical standards of an organization and gives employees the information they need to make ethical decisions across a range of situations
code of ethics
the obligation of a business to contribute to society
social responsibility
any groups that have a stake or a personal interest in the performance and actions of an organization
stakeholders
employees—creating jobs that work
customers– value, honesty and communication
investors– fair stewardship and full disclosure
community– business and the greater good
environment– sustainable development
the stakeholder approach
Meet legal standards workplace safety minimum wage/overtime requirements value employees provide work/life balance
Responsibility to employees: creating jobs that work
the right to be safe
the right to be informed
the right to choose
the right to be heard
Responsibility to customer; value, honesty and communication
legal requirements
responsible use of corporate dollars
is optimism or pessimism socially responsible
responsibility to investors; fair stewardship and full disclosure
cause related marketing
corporate philanthropy
corporate responsibility
responsibility to community; business and the greater good
sustainable development
carbon footprint
green marketing
responsibility to the environment; sustainable development
