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chapter2-UVI BUS 112
Intro to Business by Koopar- Chapter 2
| Question | Answer |
|---|---|
| ethics | is the study of right and wrong and of the morality of the choices individuals make. |
| business ethics | is the application of moral standards to business situations. |
| Sarbanes-Oxley Act of 2002 | provides sweeping new legal legal protection for employees who report corporate misconduct |
| code of ethics | a guide to acceptable and ethical behavior as defined by the organization |
| whistle-blowing | informing the press or government officials about unethical practices within one's organization |
| social responsibility | the recognition that business activities have an impact on society and the consideration of that impact in business decision making |
| caveat emptor | a Latin phrase meaning "let the buyer beware" |
| economic model of social responsibility | the view that society will benefit most when business is left alone to produce and market profitable products society needs |
| socioeconomic model of social responsibility | the concept that business should emphasize not only profits but also the impact of its decisions on society |
| consumerism | all activities undertaken to protect the rights of consumers |
| minority | a racial, religious, political, national, or other group regarded as different from the larger group of which it is a part and that is often singled out for unfavorable treatment |
| affirmative action programs | is a plan designed to increase the number of minority employees at all levels within an organization |
| Equal Employment Opportunity Commission (EEOC) | a government agency with the power to investigate complaints of employment discrimination and the power to sue firms that practice it |
| hard-core unemployed | workers with little education or vocational training and a long history of unemployment |
| National Alliance of Business (NAB) | a joint, business-government program to train the hard-core unemployed. |
| pollution | the contamination of water, air, or land through the actions of people in an industrialized society |
| social audit | is a comprehensive report of what an organization has done and id doing with regard to social issues that affect it |