Chapter 5 Ethics And Social Responsibility

Question 1

Compliance-based ethics codes

Answer 1

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

Question 2

Integrity-based ethics codes

Answer 2

Ethical standards that define the organizations guiding values, creating an environment that supports ethically sound behaviour and stress a shared accountability amount employees

Question 3

Whistle blowers

Answer 3

People who report illegal or unethical behaviour

Question 4

Corporate social responsibility

Answer 4

Businesses concern for the welfare of society

Question 5

Corporate philanthropy

Answer 5

Dimension of social responsibility that includes charitable donations

Question 6

Corporate responsibly

Answer 6

Includes everything from hiring minority workers to making safe products

Question 7

Corporate policy

Answer 7

Refers to the position a firm takes on social and political issues

Question 8

Sustainable development

Answer 8

Implementing a process that integrates, environment, economic and slick cosier rations into decision making

Question 9

Ethics

Answer 9

Standards of moral behaviour, behaviour that is accepted by society as right vs. Wrong