M Now Ch 13 Flashcards
Ethics
A set of moral principles or values that govern (reglerar) behavior.
Code of Ethics
A document that outlines the principles of conduct to be used in making decisions within an organization. MUST BE ENFORCED!
Intellectual Property (egendom)
Ownership of tangible ideas, such as inventions, books, movies, and computer programs.
Social Responsibility
The obligation that individuals or businesses have to help solve social problems.
Stakeholders (intressenter)
The people - employees, customers, suppliers, and the community - who are affected by the actions of a business.
Social Audit (granskning)
A method used by management to evaluate the success or lack of success of programs designed to improve the social performance of the organization.
Corporate (företags-) Philanthropy
Consists of efforts to improve human welfare.
Occupational Safety and Health Act,
1970! 1970! 1970! 1970! 1970!
Nixon (president) signed the first piece of federal TWO KEY legislation to govern workplace safety and employee health.
Sarbanes-Oxley Act of 2002, (SOX)
Regarded by supporters as a long-overdue piece of legislation (lagstiftning) requiring greater control and accountability (ansvarighet) in the financial management of public held corporations (företag).
Fair Labor Standard Act, 1938
Prohibited (förbjuden) child labor, set a minimum wage, and guaranteed time-and-a-half for certain jobs.
Enforcement ; creation
For management the responsibility lies on with … rather than … .
Competitive Advantage
Out of compliance by regulatory authority.
Consolidated Omnibus Budget Reconciliation Act
Mandated that an insurance plan be established to provide health insurance coverage to employees leaving employment.
Honesty
Name one content of ETHICAL CODES:
Ethical Standards
Americans who are operating abroad need to have US standards.
