BUS 100 CH. 2 business ethics and social responsibility – Flashcards
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when the court has the legal power to interpret and apply the law and make a binding decision in a case it is said to have
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jurisdiction
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a _ is a mutual agreement between two or more parties that can be enforced in a court if one part chooses not to comply.
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contract
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select the types of pollution that are of concern to a business focusing on environmental sustainability
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water, air and land
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rank the following jobs according to their respective importance for the implementation of ethical standards (most important first/top)
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1. top management 2. supervisor 3. full-time employees 4. part-time employees
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when employees copy the work or ideas of other and present it as his or her own this is called _.
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plagiarism
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_ or intimidating behavior is the second most common ethical problem for employees.
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abusive
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codes of ethics are formalized _ and _ that describes what the company expects of its employees.
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rules and standards
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an identifiable problem, situation, or opportunity that requires a person to choose between actions that may be evaluated as ethical or unethical is called a(n) _
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ethical issue
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select alternative energy sources geared at reducing carbon emissions
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1. nuclear power 2. wind power 3. biofuels 4. solar power
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water _ results from dumping toxic chemicals and raw sewage into rivers and oceans, oil spills and the burial of industrial waste in the ground where it may filter into underground water supplies
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pollution
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corporate citizenship the extent to which businesses meet the legal, ethical, economic and voluntary responsibilities placed on them by their _ such as customers, investors or the natural environment.
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stakeholders
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insiders, such as lower-level employees, who report concerns about a company's accounting or auditing practices are called:
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whistleblowers
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the leading ethical conduct issue in an organization is misuse of company _
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time
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select typical actions of consumerism
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1. making public service announcements 2. writing letters to companies 3. lobbying government agencies 4. boycotting companies
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_ are principles and standards that determine acceptable conduct in business.
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business ethics
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this exists when a person must choose whether to advance his or her own personal interests or those of others.
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conflict of interest
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employees expect businesses to:
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1. keep them informed of what is happening in their company 2. pay them adequately for their work 3. provide a safe workplace
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the legal ability to enter into a contract is called contractual _ and may be restricted by age or mental capacity
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capacity
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failure or refusal of a party to a contract to live up to his or her promise is called a _ of _
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breach of contract
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sustainability involves the interaction among nature and
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1. individuals 2. business strategies 3. organizations
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OSHA and the EEOC both regulate _ treatment of emplyees
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ethical
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to truly create an ethical culture, managers must:
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show strong commitment to ethics and compliance
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when a business maintains its condition of lawfulness, the company is said to have:
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legality
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a number of studies have found a direct relationship between social responsibility and _ as well as a link that exists between employee commitment and customer loyalty.
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profitability
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what type of laws listed below have evolved from both common and statutory law?
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product liability
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bankruptcy is sometimes called _ insolvency
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legal
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the current basis for the protection of personal privacy is:
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the U.S. Constitution
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select the questions to consider when determining when an action is ethical
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1. how does this activity fit with your own beliefs and values? 2. are there legal restrictions? 3. would this activity be accepted by your co-workers? 4. is this action in your industry?
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most legal issues arise as choices that _ deems unethical, irresponsible, or otherwise unacceptable.
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society
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fairness and honesty are at the heart of _ _ and relate to the general values of decision makers.
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business ethics
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which of the following are major reasons a business should be managed ethically?
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1. to maintain a good reputation 2. to increase customer loyalty 3. to reduce employee turnover
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top officials in countries like japan, south korea and china have faced legal charges of influence peddling and _, which serve as examples of the unethical behavior that U.S. companies face in overseas markets.
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bribing
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spending work hours looking at personal email, submitting personal expenses on company expense reports and using the company copier for personal use are all examples of:
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misuse of company resources
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which is a set of statutory laws covering several business law topics and has significant impact on business law, especially in it's Article II?
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Uniform Commercial Code (UCC)
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what level of management sets the tone for the ethics of the organization?
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top-level leaders
