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1

Person's personal philosophies about what is right or wrong

Morals

2

Organizational priciples, values and norms that may originate from individuals, organizational statements, or from the legal system that primarily guide the individual and group behavior in business.

Business ethics

3

specific and pervasive boundaries for behavior that should not be crossed

Principles

4

most far-reaching change in organization control and accounting regulations since the SEC act. made securities fraud a crim offense, creating oversight board, made executives responsibles for financial reports.

Sarbanes-Oxley Act

5

Act created to deal with the ethical lapses of financial instiutions which lead to a recession

Dodd-Frank Wall Street Reform and consumer Protection Act

6

How many employees report unethical behavior in their organizations?

about 50%

7

Who do business ethics comprise?

comprises organizational principles. values, and norms

8

What are values?

Enduring beliefs and ideals that are socially enforced

9

At what time period were environmental issues, civil rights issues, increased employee-epmployer tension, changing work ethic, and rising drug use a problem?

1960s

10

What time period was employee militancy, human rights issues, cover ups, disadvantaged consumers, and transparency issues?

1970s

11

When were bribes and illegal contacting practices, influence peddling, deceptive advertising, and fonancian fraud issues?

1980s

12

When were sweatshops and unsafe working conditions in third world countries, rising corporate liability, financial mismanagement an dfraud, and organizational ethical misconduct issues?

1990s

13

When were cybercrime, Financial misconduct, Global issues, Chinese Product Safety, Sustainability, and Intellectual property theft issues?

2000s

14

What did the progressive movement attempt to provide citizens?

A "living wage"

15

What is a living wage?

income sufficient for education, recreating, health, and retirement

16

What did the new deal of the 30s ask of business?

To work with government to raise family income

17

What did Truan's fair deal define as ethical issues that businesses had to address?

Environmental responsibility and civil rights

18

Until the 1960s how were ethical issues in business usually discussed?

Through Theology

19

What did Catholic Social Theory focus on?

morality in business, workers' rights, and living wages; humanistic values rather tyan materialistic ones; improving the conditions of the poor

20

Whgat was the first book on ethics, when was it written, and who authored it?

1936; Sharp and Fox

21

What were some major issues of the 60s

Military Industrial complex and pollution

22

What showed the rise of consumerism in 1962?

JFK's consumer bill of rights

23

What are a consumer's rights?

The right to safety, to be informed, to choose, and to be heard

24

The Modern consumerist movement is generally considered to have begun in ____ by ____

1965; Ralph Nader's unsafe at any speed.

25

What did Johnson's "great society" do?

said business resp. for providing all citizens with some degree of economic stability, equality, and social justice.

26

What happened to business in the 1970s

it began to develop as a field of study

27

What is corporate social responsibility?

An organization's obligation to maximize its positibe impact on stakeholders and minimize its negative impact

28

What was a major piece of legislation passed by carter in 1976

Foreign Corrupt Practices Act

29

What happened to business ethics in the 1980s?

It became a acknowledged as a field of study

30

Who developed the concept of Stakeholders in the 1980s

Freeman

31

What developed in the 80s to guide corp. support for ethical conduct?

Defense Industry Initiative on Business Ethics and Conduct

32

What were the six principles of the DII?

1. Distribution of understandable codes of conduct
2. Ethics training and continuous support
3. Open atmosphere condusive to reporting violations
4. internal audits and internal reporting and voluntary reporting
5. Perserve integrity of defense industry
6. public accountability

33

What was the DII the base for?

the FSGO

34

What happened in the Bush-Reagan in the 1980s?

Self regulation

35

What legislation was passed in 1991 and set the tyone for organization ethical compliance programs?

Federal Sentencing Guidelines for Organizations

36

What is the main concept of the FSGO

Companies could minitage penalities by creating ethical compliance program.

37

What was the main thrust of 21st century bus eth.

Public demand for reform b/c non complying corp.

38

What act did congress pass in 2002?

Sarbanes Oxley

39

What is the most far-reaching change in organizational control and accounting regulations since the securities and exchange act of 1934

Sarbox

40

What are the four main concepts of Sarbox?

1. securities fraud is a criminal offense
2. Accounting oversight board (greater transparency in accounting)
3. top executivies responsible for financial statements (risk fines/prison)
4. executive must disclose stock sales immediately, and no loans to managers.

41

What ammendmants to FSGO occured in 2000s?

business governing authority bhe well informed about its ethics program with respect ot content, implementation, and effectiveness

42

What reform act did Obama help pass in 2010

Dodd Frank

43

What did dodd Frank do?

make the financial services industry more ethical and responsible.

44

What is ethical culture?

acceptable behavior defined by the company and industry?

45

What does ethical culture do?

creates shared values and support ethical decisions--driven by top management

46

What is the goal of ethical culture/

minimize need for enforced compliance
maximize utilization of principles/ethical reasoning in difficult of new situations

47

What is a global ethical culture?

Collaborative efforts to establish goals and set minimum levels of ethical behavior

48

What are some organizations support a global ethical culture?

EU, NAFTA, MERCOSUR, WTO

49

What international standards are there for business?

UN Global Compact

50

What are three effects ethical culture has on performance?

Employee commitment in trust
Investor Loyalty and Trust
Consumer Satisfaction and Trust

51

What ethical contributions are employees concerned about?

safe work environment, competitive salaries nad benefits packages, fulfillment of contractual obligations

52

How has the field of ethics changed?

It is a part of achieving competitive advantage now, rather than being a compliance standard.

53

From where do business ethics originate?

that may originate from individuals, organizational statements, or from the legal system that primarily guide individual and group behavior in business.