Chapter 4 Flashcards

(11 cards)

2
Q

Ethics

A

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

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3
Q

Compliance based ethic codes

A

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

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4
Q

Integrity based ethic codes

A

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.

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5
Q

Whistleblower

A

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:

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6
Q

CSR

A

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

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7
Q

Corporate philanthropy

A

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

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8
Q

Corporate social initiatives

A

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

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9
Q

Corporate responsibility

A

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

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10
Q

Corporate policy

A

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,

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11
Q

Insider trading

A

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.

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12
Q

Social audit

A

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

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