Business Ethics Quiz #2 Flashcards
Corporate Social Responsibility
Responsibilities that businesses have to the societies in which they operate.
Economic Model of CSR
Limits a firm’s social responsibility to the minimal economic responsibility of producing goods and services and maximizing profits within the law (benefit stockholders).
Stakeholder Model of CSR
The view that business exists within a web of social relationships
Stakeholder theory
A model of CSR that holds that business managers have ethical responsibilities to a range of stakeholders beyond responsibilities to stockholders.
Integrative Model of CSR
For some business firms, social responsibility is fully integrated with the firm’s mission or strategic plan.
Corporate sustainability report
Provides all stakeholders with financial and other info regarding a firm’s economic, environmental, and social performance.
Reputation Management
Practice of caring for the image of a firm.
Six dimensions of Corporate Reputation
Emotional appeal, products & services, financial performance, social responsibility, workplace environment, vision & leadership.
Due Process
The right to be protected against the arbitrary use of authority.
Employment at Will
The legal doctrine that holds that all employees are employed at will.
Just Cause
Standard for terminations or discipline that requires employer to have fair cause before reaching decision against employee.
IRS 20-factor Analysis
A list of 20 factors to which IRS looks to determine whether someone is an employee or independent contractor.
Common-law Agency Test
Indicator of independent contractor status that provides the employer ability to control the manner in which the work is performed.
Economic Realities Test
Test by which courts consider whether the worker is economically dependent on the business or is in the business for themselves.
Downsize
The reduction of human resources through terminations, retirements, corporate divestments etc.
Occupational Safety and Health Administration (OSHA)
An agency of the federal government that publishes and enforces safety and health regulations for U.S. businesses.
Sweatshops
Any workplace in which workers are typically subject to two or more: forced overtime, health and safety risks, coercion, underpayment, deception.
Child Labour
Exploitative work that involves some harm to a child who is not of an age to justify their presence in the workplace.
Diversity
Presence of differing cultures, languages, ethnicities, races, affinity orientations, genders, religious sects, abilities, social classes, ages, and national origins of individuals in a firm.
Multiculturalism
Refers to the principle of tolerance and inclusion that supports the co-existence of multiple cultures, while encouraging to retain what is individual about a particular culture.
Affirmative Action
Policy or program that strives to redress past discrimination through implementation of proactive measures to ensure equal opportunity (should be temporary to attain not maintain).
Reverse Discrimination
Decisions made or actions taken against individuals who are traditionally considered to be in power or the majority.
Privacy
The right to be “let alone” within a personal zone of solitude and/or the right to control info about oneself.
Privacy Rights
Legal and ethical sources of protection for privacy in personal data.
