General Vocabulary Flashcards
A code of behavior that is defined by the group to which an individual belongs.
Ethics
The personal principles upon which an individual bases their decisions about what is right or wrong.
Morals
A habit that inclines people to do what is acceptable.
Virtue
A habit that inclines people to do what is unacceptable.
Vice
Acting in accordance with a personal code of principles.
Integrity
A system of rules that tells us what we can and cannot do. Enforced by a set of institutions.
Law
The moral corruption of people in power, facilitated by other people in power choosing to look the other way.
Bathsheba Syndrome
The concept that an organization should act ethically by taking responsibility for the impact of its actions on shareholders, consumers, employees, the community, the environment, and suppliers.
Corporate Social Responsibility (CSR)
This law makes it a crime to bribe a foreign official, a foreign political party official, or a candidate for foreign political office. Also requires any company whose securities are listed in the US to meet US accounting standards.
Foreign Corrupt Practices Act
The process established by an organization’s board of directors, managers, and IT systems people to provide reasonable assurance for the effectiveness and efficiency of operations, the reliability of financial reporting, and compliance with applicable laws and regulations.
Internal Control
An effort by an employee to attract attention to a negligent, illegal, unethical, abusive, or dangerous act by a company that threatens the public interest.
Whistle-blowing
Information generally unknown to the public that a company has taken strong measures to keep confidential.
Trade Secret
A conflict between an IT worker or firm’s self-interest and their client’s interest.
Conflict of Interest
The crime of obtaining goods, services, or property through deception or trickery.
Fraud
When a party fails to perform certain express or implied obligations, which impairs or destroys the essence of the contract.
Material Breach of Contract