understanding business chapter 4 – Flashcards
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Ethics
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Standard of moral behavior that is accepted by society as right rather wrong
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whistleblowers
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who report as illega or unethics behavior that feel protect from retaliation.
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watchdogs
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Investor, enviromentlist, union office, and customer
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Compliance - base. ethic- codes
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Ethical standard that emphasize pretening unlawful behavior by increasing control and penalizing wrongdoer.
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integrity based . ethic code
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define organizer 's value , creat an enviroment that support ethically sound behavior , and tress share accountability.
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Corporate social responsibility
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business's concern about welfare of society
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corporate philanthropy
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dimension social 's responsibility that include charitible donation
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corporate social initiative
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More enhance of philanthropy; relate to company competencies.
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corporate responsibility
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Everything hiring minority workers to making safety product, minimizing pollution, using enery wisely, and make envoromet safe.
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corporate policy
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position of the firm takes on sicila and issue political
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insider trading
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private compeany info is used by insiders for their futher fortune
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Social Audit
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Sytematic evaluation of an organization 's process toward social responsible and responsive program
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Six steps to follow:
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Adopt, understanding, consider, set up ethics office , outsider must be inform and enforced
