Chapter 2 Vocab Flashcards

1
Q

A general sense of honesty and reliability that is expressed in a strong commitment to doing the right thing, regardless of the circumstances

A

Integrity

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2
Q

Individuals or groups who either can affect or are affected by the performance of the company

A

Stakeholders

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3
Q

A company’s ethical obligations to the community

A

Social Responsibilities

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4
Q

Original intellectual creations, including inventions, literary creations, and works of art, that are protected by patents or copyrights

A

Intellectual Property

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5
Q

The belief that the ethical standards of one’s own country can be applied universally

A

Ethical Imperalism

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6
Q

The belief that ethical standards are subject to local interpretation

A

Ethical relativism

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7
Q

Beliefs that provide a foundation for ethical behavior in a firm

A

Underlying Values

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8
Q

Official standards of employee behavior formulated by a business owner

A

Code of Ethics

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9
Q

A profitable company that responds to customers’ needs while showing reasonable concern for the environment

A

Sustainable Small Business

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10
Q

The effort to protect and preserve the environment

A

Environmentalism

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