Ethics and CSR Flashcards
Ethics
Ethics are rules that help us tell the difference between right and wrong. They encourage us to do the right thing.
Ethical Behavior
Ethical behavior is conduct that conforms to ethics—individual beliefs and social standards about what is right and good.
Values
Values tell us what is important. They help us make decisions about right and wrong
Morals
Morals are Rules we use to decide what is good or bad
Fraud
Fraud is a crime of lying or pretending (misleading)
Bank Fraud
A bank officer make a fraudulent loan to a non-existent business and then pockets the money
Consumer Fraud
A business tricks customers into buying goods or services they don’t really need through unethical advertising or false claims
Contract Fraud
A business or individual uses temptations, such as bribes or kickbacks, to create a contract
Insurance Fraud
A business or individual falsely claims lost, damaged, or stolen property in order to receive insurance settlements
Mail Fraud
An individual uses the postal service for fraudulent purposes, such as mailing phony job opportunities, chain letters, or inheritance scams
Pyramid Scheme Fraud
A person participating in the scheme that recruits others in order to receive more money than she or he invested in the scheme
Stoke Market Fraud
An individual uses insider trading or other techniques to but and sell stocks at artificial values
Telemarketing Fraud
A company uses high-pressure phone calls to get customers to buy now or donate funds to fake charitable causes
Welfare Fraud
A company receives benefits without being eligible
Discrimination
Denying a qualified individual an interview, job, or promotion based on his or her religion, gender, sexual orientation, race, or physical disability.
