Business 101: Chapter 4 – Business Ethics & Social Responsibility – Flashcards
12 test answers
Unlock all answers in this set
Unlock answers 12question
Stakeholders:
answer
Groups with a personal interest in the performance & actions of an organization
Unlock the answer
question
Responsibilities to Employees:
answer
meet legal standards, workplace safety, minimum wage & overtime requirements, value employees, work/life balance
Unlock the answer
question
Responsibilities to Consumers:
answer
consumers have the rights to be safe, informed, to choose, and to be heard
Unlock the answer
question
Planned Obsolescence:
answer
intentionally designing products to fail
Unlock the answer
question
Responsibilities to Investors:
answer
meet legal requirements (ie: Sarbanes-Oxley), responsible use of corporate money, honesty
Unlock the answer
question
Responsibilities to Community:
answer
cause-related marketing, corporate philanthropy (donations to nonprofits), corporate responsibility (actions)
Unlock the answer
question
Responsibilities to Environment:
answer
sustainable development, monitoring carbon footprint, green marketing
Unlock the answer
question
Social Audit:
answer
systematic evaluation of how well a firm is meeting is objectives on ethics & social responsibility
Unlock the answer
