Chpater 2

Question 1

ethics

Answer 1

beliefs about what is right or wrong and good or bad in actions that affect others

Question 2

ethical behavior

Answer 2

behavior conforming to generally accepted social norms concerning beneficial and harmful actions

Question 3

unethical behavior

Answer 3

behavior that does not conform to generally accepted social norms concerning beneficial and harmful actions

Question 4

business ethics

Answer 4

ethical or unethical behaviors by employees in the ocntext of their jobs

Question 5

managerial ethics

Answer 5

standards of behavior that guide indiviudal managers in their work

Question 6

social responsiblity

Answer 6

attempt of a business to balance its commitments to groups and individuals in its enviornment, including customers, other businesses, employees, investors, and local communities

Question 7

organizational stakeholders

Answer 7

groups, individuals, and organizations that are directly affected by the proctices of an organization and who therefore have a stake in its performance

Question 8

greenwashing

Answer 8

using advertising to project a green image without adopting substantive enviornmentally friendly changes

Question 9

consumerism

Answer 9

form of social activism dedicated to portecting the rights of consumers in their dealings with businesses

Question 10

collusion

Answer 10

illegal agreement between tow or more companies to commit a wrongful act

Question 11

green marketing

Answer 11

marketing of enviornmentally friendly goods

Question 12

whistle-blower

Answer 12

employee who detects and tries to put an end to a company’s unethical, illegal, or socially irresponsible actions by publicizing them

Question 13

insider trading

Answer 13

illegal practice of using special knowledge about a firm for profit or gain

Question 14

obstructionist stance

Answer 14

approach to social responsibility that involves doing as little as possible and may involve attempts to deny or cover up violations

Question 15

defensive stance

Answer 15

approach to sicial reponsibility by which a company meets only minimum legal requirements in its commitment to groups and individuals in its social environment

Question 16

accomadative stance

Answer 16

approach to social responsibility by which a company, if specifically asked to do so, exceeds legal minimums in its commitments to groups and individuals in its social environment

Question 17

procative stance

Answer 17

approach to social responsibility by which a company actively seeks opportunites to contribute to the well-being of groups and individuals in its social environment

Question 18

social audit

Answer 18

systematic analysis of a firms success in using funds earmarked for meeting its social responsiblity goals