ethics and productions Flashcards
The system of personal beliefs and social standards about right and wrong is called __________.
ethics
Our ________ tells us what we think is important
values
________ are the rules we use to decide what’s good and what’s bad.
morals
________ are the rules we use to decide what’s good and what’s bad.
morals
Businesses develop a _______ to guide employees in a variety of situations.
code of ethics
An _________ is a moral problem with a choice between potential right and
wrong answers.
ethical dilemma
An employee who informs the public about an ethical violation is a(n) ______.
whistle blower
A person or business that lies to the public is guilty of _______.
fraud
A company perpetrating __________ may use high-pressure phone calls to get customers to donate to a non-existent charity.
telemarketing fraud
An audit of U.S. company Enron revealed that it was involved in a(n) __________.
account scandal
___________ is the type of accounting fraud where accountants or senior executives divert company funds for their own gain.
embezzlement
An accountant who fraudulently records assets and liabilities is ________.
“cooking the books”
A company’s _______ are items that it owns
assets
A company’s ________ are the debts that it owes.
liabilities
A person using confidential information about a company to buy and sell shares is involved in ________.
insider trading