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business ch.2
| Term | Definition |
|---|---|
| business ethics | principles and standards that determine acceptable conduct in business |
| social responsibility | a business's obligation to maximize its negative impact on society |
| ethical issue | identifiable problem situation or opportunity that requires a person to choose from among several actions that may be evaluated as right or wrong ethical or unethical |
| bribes | payments gifts or special favors intended to influence the outcome of a decision |
| plagiarism | the act of presenting someone else's work as your own without mentioning the source |
| codes of ethics | formalized rules and standards that describe what a company expects of its employees |
| whistleblowing | act of an employee exposing an employer's wrongdoing to outsiders such as the media or government regulatory agencies |
| corporate citizenship | extent of which businesses meet the legal ethical economic and voluntary responsibilities placed on them by their stakeholders |
| consumerism | activities that independent individuals groups and organizations undertake to protect their rights as consumers |
| sustainability | conducting activities in a way that allows for the long term well being of the natural environment including all biological entities |
Created by:
chelsea.lewis1
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