Ethics Module 2

Question 1

Corporate social responsibility (csr)

Answer 1

Philosophy in which a company voluntarily engages in actions that benefit society, be it economically, socially, politically, or environmentally

Question 2

Stake holders

Answer 2

Those who have a stake in the performance and output of an organization, such as employees, unions, investors, suppliers, consumers, local and national governments, and communities

Question 3

Code of ethics

Answer 3

Guide that publicly sets out an organization’s key values and ethical obligations

Question 4

Greenwashing

Answer 4

When organizations carry about csr missions in an inauthentic way. Using them to increase publicity rather then to spur real change

Question 5

Internal transparency

Answer 5

Degree to which an organization operates with openness, communication, and accountability

Question 6

Sarbanes-oxley act (Sox)

Answer 6

Law aimed at improving corporate transparency by requiring clear reporting practices

Question 7

Whistle-blowers

Answer 7

Those who tell the public or the authorities about alleged misconduct occurring in a government department, private company, or organization.