ethics in business and corporate social responsibilities Flashcards
1
Q
what is ethical?
A
ethics refer to standards of moral behaviours that is generally accepted by society as right vs wrong
2
Q
what is philanthropic?
A
additional behaviours and activites that society finds desirable like companies voluntarily give back to society through donations
3
Q
what is steep analysis
A
social, technological, economic, environment, politiccal forces
4
Q
what are the corporate social responsibility?
A
- economic responsibilities
- legal responsibilities
- ethical responsibilities
- philanthropic responsibilities
5
Q
what is economic reponsibility?
A
to produce goods and services that society wants at a lower price eg. NTUC
6
Q
legal responsibilities
A
to obey the relevant laws
7
Q
what is ethical responsibilities?
A
meeting other social expectations, not written as law eg. the body shop ban animal testing
