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Business Ethics EST1

Terms used in EST1 course

TermDefinition
business ethics Comprises principles and standards that guide behavior in the world of business.
Consumers' Bill of Rights 1962 JFK - The right to safety, the right to be informed, the right to choose and the right to be heard
social responsibility An organization's obligation to maximize its positive impact on stakeholders and to minimize its negative impact.
Defense Industry Initiative on Business Ethics and Conduct 1986 - 18 defense contractors drafted principles for guiding business ethics and conduct.
Federal Sentencing Guidelines for Organizations 1991 - FSGO law incentives to reward organizations for taking action to prevent misconduct.
Sarbanes-Oxley Act ethical culture 2002 - law made securities fraud a criminal offense; created accounting oversight board requiring corporations to establish codes of ethics for financial reporting.
Created by: 1826762520
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