terms Flashcards
ethics
rules that help us tell the difference between right and wrong
values
tell us what is important and help us make decisions about right and wrong
morals
rules we use to decide what is good or bad
code of ethics
a document that explains specifically how employees should respond in certain situations
ethical dilemma
a moral problem where a difficult choice must be made between potential right and wrong
whistleblowing
when an employee informs officials or publics about an illegal or ethical violation
fraud
crime of lying or pretending
accounting scandal
when accountants or senior executives alter accounting records
cooking the books
large business fraud involving assets and liabilities
embezzlement
a type of accounting fraud, happens when an accountant or senior executive creates false accounts and redirects money into them for personal gain
auditors
a person authorized to review and verify the accuracy of financial records and ensure that companies comply with tax laws
insider trading
involves buying or selling shares of a company based on confidential information and is illegal
corporate social responsibility
the idea that a company should play a positive role in the community and consider the environmental and social impact of business decisions
duty to report
must disclose all important information to stakeholders
gender discrimination
treating an employee differently based on their sex
glass ceiling
discriminatory barriers
harassment
behaviour that is threatening, disturbing, or makes others feel uncomfortable
duty to accommodate
employer’s obligation to ensure accessibility for all employees
three legged stool
financial, environmental, social
pay equity
equal pay for work of equal value
fair trade
voluntary practice of helping producers in developing countries bypass expensive middlemen so they can sell their goods in other countries for a fair profit
grassroots movement
action by a group of people to a problem.
