Ch 1 terms Flashcards
Bathseba syndrome
The moral corruption of people in power, which is often facilitated by a tendency for people to look the other way when their leaders act inappropriately.
Code of Ethics
A statement that highlights an organization’s key ethical issues and identifies the overarching values and principles that are important to the organization and its decision making
Corporate Ethics Officer
A senior-level manager who provides an organization with vision and leadership in the area of business conduct.
Corporate Social Responsibility (CSR)
The concept that an organization should act ethically by taking responsibility for the impact of its actions on its shareholders, consumers, employees, community, environment, and suppliers.
Ethics
A code of behavior that is defined by the group to which an individual belongs.
integrity
Adherence to a personal code of principles.
law
A system of rules that tells us what we can and cannot do.
moral
The personal principles upon which an individual bases his or her decisions about what is right and what is wrong.
problem statement
A clear, concise description of the issue that needs to be addressed.
social audit
A process whereby an organization reviews how well it is meeting its ethical and social responsibility goals and communicates its new goals for the upcoming year.
software piracy
A form of copyright infringement that involves making copies of software or enabling others to access software to which they are not entitled.
supply chain sustainability
A component of corporate social responsibility (CSR) that focuses on developing and maintaining a supply chain that meets the needs of the present without compromising the ability of future generations to meet their needs.
stakeholder
Someone who stands to gain or lose, depending on how a particular situation is resolved.
Vice
a habit of unacceptable behavior
Virtue
A habit that inclines people to do what is acceptable.
