Chapter 4 Flashcards

1
Q

Ethics

A

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

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2
Q

Compliance-based Ethics Codes

A

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

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3
Q

Integrity-based Ethics Codes

A

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

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4
Q

Whistleblowers

A

Insiders who report illegal or unethical behavior

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5
Q

Corporate Social Responsibility (CSR)

A

A business’s concern for the welfare of society

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6
Q

Corporate Philanthropy

A

The dimension of social responsibility that includes charitable donations

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7
Q

Corporate Social Initiatives

A

Enhanced forms of corporate philanthropy directly related to the companys competencies

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8
Q

Corporate Responsillity

A

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

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9
Q

Corporate Policy

A

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

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10
Q

Insider Trading

A

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

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11
Q

Social Audit

A

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

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