chapter 4 buisness

compliance-based ethics codesemphasizes preventing unlawful behavior by increasing control and by penalizing wrongdoers
social auditsconducting a systematic evaluation of an organizations’s progress toward implementing programs that are socially responsible and responsive
corporate policythe dimension of social responsibility that refers to the position a firm takes on social and political issues
ethicsmoral behavior that is accepted by society as right or wrong
integrity-based ethics codesethical standards that define the organization’s guiding values, create an environment that supports ethically sound behavior, and stress a shared accountability among employees
corporate philanthropydimension of social responsibility that includes charitable donations to nonprofit groups
corporate social responsibilitywhen a business shows concert for the welfare of a society as a whole
corporate responsibilitydimension of social responsibility that includes everything from minority hiring practices to making safe products
insider tradingunethical activity occurs when insiders use private company information to further their own futures or those of their family and friends
whistleblowerspeople who report illegal or unethical behavior
corporate social initiativesform of corporate philanthropy differs form the traditional in that it is directly related to the company’s competencies
the difference between ethics and legality is..legality is narrower than ethics and refers to laws written to protect outselves
ethical behavior begins with…you and me
when a supervisor asks you to do something unethical, and you face negative consequences in you refuse you are faced with…ethical dilemma
organizational ethics begins with..top levels of management
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?corporate social initiatives
ensuring that employees have a safe working environment, and monitoring corporate hiring policies to prevent discrimination is part of…corporate responsibility
in terms of social responsibility, the “contented cow” idea sates that…companies that treat employees with respect will make a difference in the bottom line, and have outgrown their corporate counterparts
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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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ethics and legality are basically the same thing
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solutions to ethical problems are usually easily determined
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in an organization, ethics begin at the top
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one of the reasons for ethical management is to avoid lawsuits
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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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an important factor to the success of enforcing an ethics code is the selection of an ethics officer
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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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whistleblowers are individuals who report unethical or illegal behavior in an organization
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corporate social responsibility is the concern businesses have for their profitability
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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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one of the best ways to please customers is to hide product defects from them
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insider trading involves employees buying and selling the stock of the company by which they are employed
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businesses have a responsibility to employees to create jobs
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regulation FD requires that companies that release any information share the information with everyone, not just a few select people
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ethical problems and issues of social responsibility are unique to the united states
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