Module 6 Vocabulary

Question 1

Field of philosophy that deals with the morality of what is considered right and wrong

Answer 1

Ethics

Question 2

How an organization ethically responds to an internal or external stimulus

Answer 2

Organizational ethics

Question 3

The contemporary standards or sets of values that govern the actions and behavior of individuals in the business organization and the actions of the business itself

Answer 3

Business Ethics

Question 4

A movement in which consumers make purchasing decisions based on a company’s ethical profile

Answer 4

Ethical consumerism

Question 5

Chinese regulation (2008) that establishes limited rules for government information disclosure and public participation

Answer 5

Open government information regulations

Question 6

A company’s obligations to society, including a wide range of stakeholders: people and places affected by company activities

Answer 6

Corporate social responsibility

Question 7

All parties who have a stake in the performance and output of the corporation

Answer 7

Stakeholder

Question 8

Law aimed at increasing the level of ethical transparency within corporate America

Answer 8

Sarbanes-Oxley Act 2002

Question 9

Ethical challenges in which multiple interests are at conflict with one another

Answer 9

Conflict of interest

Question 10

A business practice of paying small inducements in order to expedite decisions and transactions

Answer 10

Grease payments

Question 11

Misrepresentations of accounting data with the intention to defraud

Answer 11

Irregularities

Question 12

A person who exposes any kind of information or activity that is deemed illegal, unethical, or not correct within an organization

Answer 12

Whistleblower