Chapter 4

Question 1

Standards of moral behavior, that is, behavior accepted by society as right versus wrong

Answer 1

Ethics

Question 2

Ethical standards that emphasize preventing unlawful behavior by increasing control and by penalizing wrongdoers

Answer 2

Compliance-Based Ethics Code

Question 3

Ethical standards that define the organization’s guiding values, create an environment that supports ethically sound behavior, and stress a shared accountability among employees

Answer 3

Integrity-Based Ethics Code

Question 4

Insiders who report illegal or unethical behavior

Answer 4

Whistleblowers

Question 5

A bussiness’s concern for the welfare of society

Answer 5

Corporate Social Responsibility (CSR)

Question 6

The dimension of social responsibility that includes charitable donations

Answer 6

Corporate Philanthropy

Question 7

Enhanced forms of corporate philanthropy directly related to the company’s competencies

Answer 7

Corporate Social Initiatives

Question 8

The dimension of social responsibility that includes everything from hiring minority workers to making safe products

Answer 8

Corporate Responsibility

Question 9

The dimension of social responsibility that refers to the position a firm takes on social and political issues

Answer 9

Corporate Policy

Question 10

An unethical activity in which insiders use private company information to further their own fortunes or those of their family and friends

Answer 10

Insider Trading

Question 11

A systematic evaluation of an organization’s progress toward implementing socially responsible and responsive programs

Answer 11

Social Audit