Chapter 4

Question 2

Ethics

Answer 2

Standards of moral behaviors that are socially accepted as wrong vs. rightMOW: what is wrong and whatis rightEx: stealing is wrong

Question 3

Compliance based ethic codes

Answer 3

Ethic standards that emphasize preventing unlawful behavior by increasing control and by penalizing wrong doers. MOW: bad actions = punishment Ex: if you steal you go to jail

Question 4

Integrity based ethic codes

Answer 4

Ethic standards that define the organizations guiding values, creates an environment that supports ethically sound behavior and stress a shared accountability among employees. MOW: guiding values that are used to prevent bad behaviorEx: we believe in honesty, therefore you should be honest if you work for us.

Question 5

Whistleblower

Answer 5

Insiders who report wrongdoers. MOW: someone who tells the boss if someone is breaking a rule or doing something unethical Ex: Jane saw Tim stealing money from the register so she tells. Ex:

Question 6

CSR

Answer 6

A businesses concern for the welfare of society. MOW: businesses concerned for the welfare of othersEx: businesses might host a food drive

Question 7

Corporate philanthropy

Answer 7

The dimension of social responsibility that includes charitable donations. MOW: companies helping the peopleEx: donating money to breast cancer organizations

Question 8

Corporate social initiatives

Answer 8

Enhanced forms of corporate philanthropy directly related to the company’s competencies. MOW: by helping the people you are helping your company as wellEx: donating to an organization can bring in customers

Question 9

Corporate responsibility

Answer 9

The dimension of social responsibility that includes everything from hiring minority workers to making safe products. MOW: the companies responsibility to do certain things.Ex: hiring minority workers

Question 10

Corporate policy

Answer 10

The dimension of social responsibility that refers to the position a firm takes on social and political issues. MOW: what a company does and stands for in society andPoliticsEx: a company may be strictly pro choice,

Question 11

Insider trading

Answer 11

An unethical activity In which insiders use private information to further their own fortunes or those of their family and friends. MOW: using private information for personal gainEx: an employee knows that the companies stock price is about to decline so they sell of their stocks.

Question 12

Social audit

Answer 12

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