Chapter 2 Being Ethical & Socially Responsible. Flashcards
The recognition that business activities have an impact on society and consideration of that impact in business decision making.
Social Responsibility.
The application of moral standards to business situations.
Business Ethics.
A guide to acceptable and ethical behavior as defined by the organization.
Code Of Ethics.
Informing the press or government officials about unethical practices within one’s organization.
Whistleblowing.
A Latin phrase meaning “let the buyer beware”
Caveat Emptor.
All activities undertaken to protect the rights of consumers.
Consumerism.
The contamination of water, air, or land through the actions of people in an industrialized society.
Pollution.
The study of right and wrong and of the morality of the choices individuals make.
Ethics.
A comprehensive report of what an organization has done and is doing with regard to social issues that affect it.
Social Audit.
A racial, religious, political, national, or other group regarded as different from the larger group of which it is a part and that is often singled out for unfavorable treatment.
Minority.
