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BusAd101 ch. 2

Ball State Business

QuestionAnswer
Business Ethics Standards of conduct and moral values regarding right and wrong actions in the work environment.
Surbanes-Oxley Act of 2002 designed to deter and punish corporate accounting fraud.
Conflict of Interest Situation in which an employee must choose between a business' welfare and personal growth.
Integrity adhering to deeply felt ethical principles in business situations.
Whistle-blower Employee's disclosure to company officials, government authorities, or the media of illegal, immoral, or unethical practices committed by an organization.
Code of Conduct Formal statement that defines how an organization expects its employees to resolve ethical issues.
Stakeholders Customers, investors, employees, and public affected by or with an interest in a company.
Social Responsibility Business' consideration of society's well-being and consumer satisfaction, in addition to profits.
Social Audits Formal procedure that identifies and evaluates all company activities that relate to social issues such as conservation, employment practices, environmental protection, and philanthropy.
Recycling Reprocessing of used materials for reuse.
Green Marketing A marketing strategy that promotes environmentally safe products and production methods.
Sustainable the capacity to endure in ecology.
Corporate Philanthropy Effort of an organization to make a contribution to the communities in which it earns profits.
Consumerism Public demand that a business consider the wants and needs of its consumers in making decisions.
Product Liability the responsibility of manufacturers.
Fairtrade a market-based approach to pay higher prices to producers on experts from developing countries to developed countries in order for the developing countries to obtain better trading conditions and promote sustanibility.
Family Leave The family and medical leave act of 1993 says that businesses with 50 or more employees must provide unpaid leave up to 12 weeks a year for any employee who needs time off for a new child or serious illness.
Discrimination Biased treatment of a job candidate or employee.
Equal Employment Opportunity Commision (EEOC) This commision was created to increase job opportunities for women and minorities and to help end discrimination based on race, color, religion, disability, gender, or national origin in any personal action.
Sexual Harrassment Unwelcome and inappropriate actions of a sexual nature in the workplace.
Sexism Discrimination against members of either sex, but primarily affecting women.
Created by: aburris