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Business Ethics

Chapter 2-Vocabulary

Social Audit is the term used to describe a firm’s formal examination of its social responsibility programs
Equal Employment Opportunity Commission (EEOC) is the federal commission created to aid in the elimination of job discrimination while increasing job opportunities for women and minorities.
code of conduct is a formal statement that defines how the organization expects and requires employees to resolve ethical questions.
family leave an unpaid leave of up to 12 weeks to deal with new births, adoptions, or illness of workers or their relatives.
Consumerism is the demand that business give proper consideration to consumer wants and needs when making decisions, and is based on the belief that consumers have certain rights.
Recycling is reprocessing of reusable materials.
conflict of interest that is, any situation where a business decision benefiting one person has the potential to harm another person.
corporate philanthropy Many argue that social responsibility to the general public means businesses should give back to the communities in which they earn profits through
product liability. The responsibility that manufacturers face for injuries or damages caused by their products is called
sustainable Environmental issues such as renewable sources of clean energy and developing _________ agriculture are major environmental concerns for firms wishing to protect the environment.
Whistle blowing has occurred when an employee discloses to the media or government authorities any suspected illegal, immoral, or unethical practices of the organization.
Integrity is demonstrated by people who adhere to deeply felt ethical principles in business situations.
Sarbanes-Oxley Act Congress enacted the __________ to further protect investors from unethical accounting practices. Among other things, this law requires a special oversight board to regulate public accounting firms that audit the financial records of corporations.
Sexual harassment can include unwelcomed sexual advances, requests for sexual favors as a condition of employment or promotion, and/or the creation of what feels like a “hostile” work environment due to unwelcomed flirting, lewd comments, or obscene jokes.
Sexism is a type of discrimination in which people are treated differently in the workplace due to their gender.
Business ethics deals with standards of conduct and moral values that arise in any work environment.
discrimination. The biased treatment of a job candidate or employee in the workplace is known as
social responsibility In addition to making a profit, there are obligations businesses have to the wider society, known as
green marketing Companies who work to promote environmentally safe products and production methods are engaged in
stakeholders Customers, employees, and investors are example of
Created by: tiffanie1719



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