Topic 3 (chapter 4)

Question 1

Ethics

Answer 1

Standards of moral behavior: behavior accepted by society as right versus wrong

Question 2

Compliance-based ethics codes

Answer 2

Ethical standards that emphasize preventing unlawful behavior by increasing control on my penalizing wrongdoers

Question 3

Integrity based ethics codes

Answer 3

Ethical standards that defined the organizations, guiding values, create an environment that supports ethically sound behavior and stress a shared accountability among employees

Question 4

Whistleblowers

Answer 4

Insiders who report illegal or unethical behavior

Question 5

Corporate social responsibility (CSR)

Answer 5

A business’s concern for the welfare of society

Question 6

Corporate philanthropy

Answer 6

The dimension of social responsibility that includes charitable donations

Question 7

Corporate social initiatives

Answer 7

Enhanced forms of corporate philanthropy directly related to the companies competencies

Question 8

Corporate responsibility

Answer 8

The dimension of social responsibility that includes everything from hiring minority workers to making safe products

Question 9

Corporate policy

Answer 9

The dimension of social responsibility that refers to the position a firm takes on social political issues

Question 10

Insider trading

Answer 10

An unethical activity, which insiders his private company information to further their own fortunes or those of their family and friends

Question 11

Social audit

Answer 11

A systematic evaluation of an organizations progress toward implementing socially responsible and responsive programs

Question 12

Questions to ask yourself about ethical decision making

Answer 12

Is it legal? Is it balanced? and how well it makes me feel?