Ch 2

Question 1

Business integrity

Answer 1

Ability to act honestly ethically and in a socially responsible manner

Question 2

Corporate governance

Answer 2

The way an org is governed requires balancing interests of all stakeholders

Question 3

Ethics

Answer 3

Study of right and wrong and morality of individuals

Question 4

Business ethics

Answer 4

Applications of ethics in business

Question 5

Conflict of interest

Answer 5

Owner chooses to benefit themselves over employees

Question 6

Transparency

Answer 6

free flow of information in and out of company’s

Question 7

Social responsibility audits

Answer 7

Reports of what An organization is doing in regards to social issues that affect it

Question 8

Pre conventional ethics

Answer 8

People behave in a childlike manner making decisions of off immediate reward or punishment

Question 9

Conventional ethics

Answer 9

Second stage in ethics where u stop thinking egotistical and begin thinking about society expectations

Question 10

Post conventional ethics

Answer 10

Final stage where ppl adhere to ethical standards and care less about what others think and more about themselves in the long run

Question 11

Code of ethics

Answer 11

A written guide of acceptable /ethical guidelines made by an organization

Question 12

Whistle blower

Answer 12

An employee who exposes unethical practices in business

Question 13

Ethical dilemmas

Answer 13

Decisions where every alternative impacts various stake holders in unpleasant ways

Question 14

Social responsibility

Answer 14

Admitting that business impacts society and taking that into account when making decisions

Question 15

Economic model of social responsibility

Answer 15

The view that society benefits when business are left alone to produce marketable products

Question 16

Socio economic model of social responsibility

Answer 16

Emphasizing profits and also taking into consideration impact of decisions on society

Question 17

Strategic giving

Answer 17

Giving something to a company with the expectation to receive something in return

Question 18

Stakeholders

Answer 18

Anyone affected by businesses decisions

Question 19

Social investing

Answer 19

Investors looking for opportunities that align with their belief and values

Question 20

Minority

Answer 20

A group singled out

Question 21

Employment equity

Answer 21

Increased minority hires fair employment for all

Question 22

Canadian human rights commission

Answer 22

Makes sure federally that employers are fair in hiring

Question 23

Caveat emptor

Answer 23

Buyer beware

Question 24

Green marketing

Answer 24

Producing and advertising envirkent friends products and services

Question 25

Sustainability

Answer 25

Protecting natural environment for future