terms

Question 1

ethics

Answer 1

rules that help us tell the difference between right and wrong

Question 2

values

Answer 2

tell us what is important and help us make decisions about right and wrong

Question 3

morals

Answer 3

rules we use to decide what is good or bad

Question 4

code of ethics

Answer 4

a document that explains specifically how employees should respond in certain situations

Question 5

ethical dilemma

Answer 5

a moral problem where a difficult choice must be made between potential right and wrong

Question 6

whistleblowing

Answer 6

when an employee informs officials or publics about an illegal or ethical violation

Question 7

fraud

Answer 7

crime of lying or pretending

Question 8

accounting scandal

Answer 8

when accountants or senior executives alter accounting records

Question 9

cooking the books

Answer 9

large business fraud involving assets and liabilities

Question 10

embezzlement

Answer 10

a type of accounting fraud, happens when an accountant or senior executive creates false accounts and redirects money into them for personal gain

Question 11

auditors

Answer 11

a person authorized to review and verify the accuracy of financial records and ensure that companies comply with tax laws

Question 12

insider trading

Answer 12

involves buying or selling shares of a company based on confidential information and is illegal

Question 13

corporate social responsibility

Answer 13

the idea that a company should play a positive role in the community and consider the environmental and social impact of business decisions

Question 14

duty to report

Answer 14

must disclose all important information to stakeholders

Question 15

gender discrimination

Answer 15

treating an employee differently based on their sex

Question 16

glass ceiling

Answer 16

discriminatory barriers

Question 17

harassment

Answer 17

behaviour that is threatening, disturbing, or makes others feel uncomfortable

Question 18

duty to accommodate

Answer 18

employer’s obligation to ensure accessibility for all employees

Question 19

three legged stool

Answer 19

financial, environmental, social

Question 20

pay equity

Answer 20

equal pay for work of equal value

Question 21

fair trade

Answer 21

voluntary practice of helping producers in developing countries bypass expensive middlemen so they can sell their goods in other countries for a fair profit

Question 21

grassroots movement

Answer 21

action by a group of people to a problem.