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Business Ethics
Chapter 2-Vocabulary
| Term | Definition |
|---|---|
| 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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