Brainscape's Knowledge GenomeTM


Top Flashcards (Certified)
All Flashcards

Business Ethics & Society > Business Ethics And Society > Flashcards

Business Ethics And Society Flashcards

0
Q

Act utilitatianism

A

A person examines a situation, considers all the possible actions they could take and decides which one would end most favorably for all involved

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
1
Q

Absenteeism

A

When an employee is chronically absent from work

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
2
Q

Affirmative action

A

Programs which seek to reduce or reverse the effects of past discrimination

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
3
Q

Alien tort claims act

A

Allows foreign citizens to bring a citizen of the united states to trial in the united states

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
4
Q

Bipartisan campaign reform act

A

(BCRA) designed to limit the use of soft money in political campaigns

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
5
Q

Body language

A

The way thats people’s bodies are used in communication, such as through gestures, poses or facial expressions.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
6
Q

Bribe

A

An attempt to influence someone to make a decision they wouldn’t normally make

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
7
Q

Caux round table

A

A swiss organization which works to create awareness in business and teaches strategies to maintain a minimum ethical standard

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
8
Q

CEO

A

Chief Executive Officer. Responsible for running the company, but must report to the board of directors.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
9
Q

CFO

A

Chief Financial Officer. Responsible for managing budgets, investments and financial goals.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
10
Q

Child labor laws

A

Any law which regards the labor standards affecting persons under 18.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
11
Q

CIO

A

Chief information officer. Responsible for managing a company’s information systems

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
12
Q

Civil rights act

A

Act which provides protection against discrimination.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
13
Q

Command and control regualtion

A

Regulations which dictate how a company should manage certain processes that pollute the environment

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
14
Q

Conflict diamonds

A

Diamonds which are mined and sold by groups or countries to fund insurrections.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
15
Q

Conflict of interest

A

When a person has multiple roles or interests which influence each other

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
16
Q

Consequentialism

A

A term encompassing any moral theory which bases morality on the consequence of an action

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
17
Q

Conventional morality

A

A persons main goal is conforming to societal norms and values and bases morality on what is expected of them

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
18
Q

Cookie

A

Used to track a persons information and preferences while they are on the internet.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
19
Q

Corporate social responsibility

A

The consideration of large companies about well being of society when they make business decisions

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
20
Q

Deontological ethics

A

Claims that the morality of an action is determined by the morality of the action itself - regarding of the consequence

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
21
Q

Discrimination

A

Treating a person differently on a basis of race, color, religion, gender or other factors.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
22
Q

Dukes vs wal-mart

A

Dukes unsuccessfully attempt to sue wal-mart for discrimination against women

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
23
Q

Economical ethics

A

Ethics regarding business and money related issues.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
24
Economics
The study of all of the markets over a particular geographic area
25
Enron
Company which hid billions of dollars in debt through dishonest accounting practices
26
Environmental justice
A move toward equality among races in issues relating to environmental hazards
27
Environmental Protection Agency
(EPA) works to protect workers through regulating environmental factors
28
Environmental racism
When environmental hazards affect different races disproportionately
29
Equal Employment Opportunity Commission
A federal agency which investigates violations of the civil rights act
30
Ergonomics
The study of designing more comfortably or easily used equipment
31
Eapionage
When companies spy on each other
32
Ethical egosim
The belief that people should act only in their best interests
33
Ethical relativism
The belief that ethics are a product of society, and are therefore determined by it
34
Facilitating payment
Another name for a grease payment
35
False claims act
Law which encourages whistle blowing on companies committing fraud against the government
36
Family interest
When family interests come into play in business decisions. Such as hiring a family member
37
Federal Labor Standard Acts
Dictates child labor standards on the federal level
38
Food and Drug Administration
(FDA) a regulatory agency which was created to ensure public health and safetyl
39
Foreign Corrupt practices Act
Law which makes it illegal for any US company to bribe foreign officials
40
Glass ceiling
An invisible barrier to the progress of women and minority groups
41
Grease payment
When a person pays a low level official of a foreign country to male something happen faster than it normally would.
42
Hard money
Money legally donated to a candidate used for the purpose of campaigning
43
Hostile work environment
Created in sexual harassment cases when an action is unwanted, severe and has an effect on the claimants ability to work
44
In kind contribution
When a person or company trades goods or services in place of money
45
Insider trading
When a person trades stock when they have information not available to the general public which influences their actions
46
International Monetary Fund
(IMF) an organization which has the responsibility of stabilizing international trade and preventing international trade crises
47
Kantian ethics
Determines the morality of an action bases on the feasibility of applying it as a universal rule
48
Karen silkwood
An employee of kerr-mcgee who died suspiciously after investigating the plants inadequate safety measures
49
Kerr-McGee
A plant which produced plutonium pellets to fuel nuclear reactors
50
Kimberly Process Certification Scheme
Regulates the sale of diamonds to decrease the circulation of conflict diamonds
51
Kohlberg's model of cognitive moral sevelopment
A six step model which describes the stages of human moral development
52
Kyoto protocol
Legally binding agreement aimed at reducing worldwide greenhouse gas emissions
53
Labor unions
A legal entity which bargains on behalf of employees to improve working conditions
54
Legal ethics
Ethics regarding the actions of lawyers
55
Living wage
A wage that is sufficient to allow education, reaction, health and eventually retirement.
56
Martha stewart
Arrested in 2001 for insider trading
57
Minimum wage
A government mandated standard of the lowest pay an employer can give an employee
58
Ministerial conference
Conference held every two years which appoints a director of the WTO
59
MNC
Multinational corporation
60
Morality
Used to describe a persons character, beliefs and how they will act pr respond to different situations
61
New Social Contract
Employees are expected to increase their knowledge, improve over time, work their hardest and be loyal and ethical
62
Noisy withdrawal
When a lawyer becomes aware of frauds committed by their client and withdraws legal representation for their client
63
North American Free Trade Agreement
(NAFTA) an agreement signed between Canada, Mexico and the United States to lower trade barriers
64
Occupational Health and Safety Administration
(OSHA) works to protect workers against workplace hazards
65
Outside employment
Conflict of interests in which a person has multiple jobs and their interests conflict
66
Philanthropy
Giving back to the communit
67
Political action committees
(PACs) organized by special interest groups to raise money and support for political candidates or issues
68
Post conventional morality
A persons main goal is survival and the consider morality in terms if rewards and consequence
69
Pre conventional morality
A person is ruled by their own conscience and is motivated by an obligation to society
70
Predatory pricing
Providing goods at lower prices to drive competitors out of business and then raising the price
71
Price discrimination
When a company charges different amounts for a product in different situations
72
Privacy act of 1974
Protects the privacy of individuals as it relates to the governments ability to gather information
73
Proprietary information
Information which a business wants to keep private
74
Pump and dump
When a broker owns securities, inflates the price and sells them before it goes back down
75
Pure Food and Drug Act
Worked to counter diseases and sickness caused by low sanitation in food producing industries in 1906
76
Quid pro quo
Literally "something for something." When two groups or companies exchange things of value
77
Rule utilitarianism
A person considers an action independently of a situation and determines whether or not it is moral as a rule
78
Sarbanes-oxley act
Act passed in 2002 which tightened accounting and auditing refualtions
79
Secretariats
Three representatives comprising the governing body of NAFTA
80
Self-dealing
Conflict of interest in which a person is part of both ends of a deal
81
Sexual harassment
Any repeated, unwanted behavior of a sexual nature
82
Shoulder surfing
When a person looks over a persons shoulder to learn their passwords or other information
83
Social engineering
Similar to hacking, but with the focus on gaining information through interactions with people
84
Social ethics
Ethics regarding the ways that people interact with each other
85
Soft money
Money which is donated to political parties for party building purposes
86
Spam
When a person ( or business ) sends out large amounts of electronic messages indiscriminately
87
Special interest groups
(SIGs) any group which uses involvement in politics to further their belief and positions.
88
Sustainable development
Using resources responsibly so that current and future meeds can be met
89
Truth in advertising
Law stating that a company must have truthful advertisments
90
Truth in lending
Protects borrowers by requiring that certain information be disclosed when a person is applying for a loan
91
Tyco
Company whose CEO and CFO were discovered stealing millions of dollars from them
92
US Foreign Corrupt Practices Act
A law which makes it illegal to a person to bribe a foreign official , or to further brines while on US soil
93
USA PATRIOT act
Allows the government a wide license to gather information in an attempt to protect against terrorism
94
Virus
a piece of code which is used to disrupt computer function
95
WARN Act
Requires that employers give their employees 60 days notice before mass layoffs
96
Whistle blowing
Exposing ones employer ( or business ) for willfully committing illegal or unethical acts
97
World bank
Has the responsibility of fostering economic development
98
World Trade Organization
(WTO) designed to eliminate barriers to trade on a global level and assist developing countries in their trade

Business Ethics & Society (1 decks)

Brainscape helps you reach your goals faster, through stronger study habits.
© 2025 Bold Learning Solutions. Terms and Conditions