Chapter 4 Ethics and Socially Reponsible Behavior

Question 0

Compliance-based Ethics Codes

Answer 0

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

Question 1

Corporate Phlianthropy

Answer 1

The dimension of social responsibility that includes charitable donations.

Question 2

Integrity-based Ethics Codes

Answer 2

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

Question 3

Whistleblowers

Answer 3

Insiders who report illegal or unethical behavior.

Question 4

Corporate Social Responsibility (CSR)

Answer 4

A business’s concern for the welfare of society.

Question 5

Corporate Philanthropy

Answer 5

The dimension of social responsibilty that includes charitable donations.

Question 6

Corporate Social Initiatives

Answer 6

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

Question 7

Corporate Responsibility

Answer 7

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

Question 8

Corporate Policy

Answer 8

The dimension of social responsibility that refers to the positiona firm takes on social and political issues.

Question 9

Insider Trading

Answer 9

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

Question 10

Social Audit

Answer 10

A systematic evaluation of an organization’s progress towards implementing socially responsive programs.