Chapter 4- Demanding Ethical and Socially Responsible Behavior

Question 1

Compliance- based ethics codes

Answer 1

Prevents unlawful behavior by controlling and penalizing wrongdoers.

Question 2

Integrity-based ethics codes

Answer 2

Define the organizations values and creates an environment that supports ethical behavior and stress shared accountability.

Question 3

Whistleblowers

Answer 3

Snitches, insiders who report illegal or unethical conduct.

Question 4

Corporate social responsibility (CSR)

Answer 4

Businesses concern with the welfare of the society/community and not just the owners.

Question 5

Corporate philanthropy

Answer 5

Charitable donations to non profits

Question 6

Corporate social initiatives

Answer 6

Enhanced corporate philanthropy; related to the companies competencies.

Question 7

Corporate responsibility

Answer 7

Acting responsibly within society. Hiring minorities and making safe products

Question 8

Corporate policy

Answer 8

A company’s position on social and political issues

Question 9

Insider trading

Answer 9

Private company info to further ones riches or family members

Question 10

Social Audit

Answer 10

A systematic evaluation of an organizations progress toward implementing socially responsible and responsive programs.

Question 11

Ethics

Answer 11

Standards of moral behavior accepted by society as right vs wrong.