Flashcards – BD Ch 4 Intro to Business
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ethics
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standards of moral behavior; that is, behavior accepted by society as right versus wrong
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compliance-based ethics codes
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ethical standards that emphasize preventing unlawful behavior by increasing control and by penalizing wrongdoers
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integrity-based ethics codes
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ethical standards that define the organization's guiding values, create an environment that supports ethically sound behavior, and stress a shared accountability among employees
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whistle blowers
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insiders who report illegal or unethical behavior
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corporate social responsibility
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a business's concern for the welfare of society
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corporate philanthropy
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the dimension of social responsibility that includes charitable donations
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corporate social initiatives
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enhanced forms of corporate philanthropy directly related to the company's competencies
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corporate responsibility
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the dimension of social responsibility that includes everything from hiring minority workers to making safe products
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corporate policy
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the dimension of social responsibility that refers to the position a firm takes on social and political issues
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insider trading
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an unethical activity in which insiders use private company information to further their own fortunes of those their family and friends
