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chapter 4 buisness

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compliance-based ethics codes
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emphasizes preventing unlawful behavior by increasing control and by penalizing wrongdoers
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social audits
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conducting a systematic evaluation of an organizations’s progress toward implementing programs that are socially responsible and responsive
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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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ethics
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moral behavior that is accepted by society as right or wrong
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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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corporate philanthropy
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dimension of social responsibility that includes charitable donations to nonprofit groups
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corporate social responsibility
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when a business shows concert for the welfare of a society as a whole
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corporate responsibility
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dimension of social responsibility that includes everything from minority hiring practices to making safe products
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insider trading
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unethical activity occurs when insiders use private company information to further their own futures or those of their family and friends
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whistleblowers
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people who report illegal or unethical behavior
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corporate social initiatives
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form of corporate philanthropy differs form the traditional in that it is directly related to the company’s competencies
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the difference between ethics and legality is..
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legality is narrower than ethics and refers to laws written to protect outselves
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ethical behavior begins with…
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you and me
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when a supervisor asks you to do something unethical, and you face negative consequences in you refuse you are faced with…
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ethical dilemma
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organizational ethics begins with..
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top levels of management
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when UPS and FedEx shipped emergency relief supplies for victims of the Asian tsunami disaster, these companies were demonstrating which element of corporate social responsibility?
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corporate social initiatives
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ensuring that employees have a safe working environment, and monitoring corporate hiring policies to prevent discrimination is part of…
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corporate responsibility
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in terms of social responsibility, the “contented cow” idea sates that…
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companies that treat employees with respect will make a difference in the bottom line, and have outgrown their corporate counterparts
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T/F one danger in writing new laws to correct behavior is that people may begin to think that any behavior that is within the law is also ethically acceptable
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T
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T/F ethics and legality are basically the same thing
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F
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T/F solutions to ethical problems are usually easily determined
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F
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T/F in an organization, ethics begin at the top
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T
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T/F one of the reasons for ethical management is to avoid lawsuits
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T
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T/F compliance-based ethics codes define an organization’s guiding values, create an environment that supports ethical behavior and stresses shared accountability
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F
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T/F an important factor to the success of enforcing an ethics code is the selection of an ethics officer
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T
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T/F the best way to communicate to all employees that an ethics code is serious and cannot be broken is to back the program with timely action if rules are broken
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T
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T/F whistleblowers are individuals who report unethical or illegal behavior in an organization
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T
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T/F corporate social responsibility is the concern businesses have for their profitability
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F
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T/F in reality, it appears that even people who want to be socially responsible can’t define what being socially responsible means
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T
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T/F one of the best ways to please customers is to hide product defects from them
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F
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T/F insider trading involves employees buying and selling the stock of the company by which they are employed
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F
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T/F businesses have a responsibility to employees to create jobs
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T
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T/F regulation FD requires that companies that release any information share the information with everyone, not just a few select people
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T
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T/F ethical problems and issues of social responsibility are unique to the united states
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F