Midterm Review Flashcards
(16 cards)
What is CSR
Corporate Social Responsibility: viewing a companies impact in the world
What is inclusion?
The engagement of all employees in the corporate culture
Corporate culture
Shared beliefs and values
What is goodwill?
A positive perception of a company from their positive actions to customers
What is integrity?
Unity in what we say and what we do, but more than just consistency of character. Doing the right thing even when no one will notice.
What are ethics?
The standards of behavior to which we hold ourselves in it personal and professional lives.
Benefits of Ethical Standards
Maximizes ethical behavior no matter who the other party is and maintains consistency across all individuals.
Deontology
A normative ethical theory supports the idea of holding multiple ethical standards. Duty, obligation, and goodwill are the highest importance.
Aristotle
Shows how a self-determining person might live well in society
Confucius
Showed how a relationship-determining person can live well with others
All stakeholders must be treated ____
The same/equally
Greenwashing
Caring out superficial CSR efforts that merely cover up systemic errors for the sake of public relations. Don’t actually solve problems or make improvements.
Quid Pro Quo
Latin: This for That. The acceptance of responsibility of corporations to benefit the community and society.
What is a moral minimum?
The minimum actions or practices a business must understand to satisfy the base threshold for acting ethically
What is sustainability?
A long-term approach to the interaction between business activity and societal impact on the environment and other stakeholders
