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MGMT 101
Chapter 2
| Question | Answer |
|---|---|
| Business Ethics | Standards of conduct and moral values regarding right and wrong actions in the work environment |
| Sarbanes-Oxley Act of 2002 | Rules and regulations for securities trading and accounting practices |
| Conflict of Interest | Situation in which an employee must choose between a business's welfare and personal gain |
| Integrity | Adhering to deeply felt ethical principles in business situations |
| Whistle-blowing | Employee's disclosure to company officials, government authorities, or the media of illegal, immoral, or unethical practices committed by an organization |
| Code of Conduct | Formal statement that defines how an organization expects its employees to resolve ethical issues |
| Stakeholders | Customers, investors, employees, and public affected by or with an interest in a company |
| Social Responsibility | Business's consideration of society's well-being and consumer satisfaction, in addition to profits |
| Social Audits | Formal procedures that identify and evaluate all company activities that relate to social issues such as conservation, employment practices, environmental protection, and philanthropy |
| Recycling | Reprocessing of used materials for reuse |
| Green Marketing | A marketing strategy that promotes environmentally safe products and production methods |
| Sustainable | The capacity to endure in ecology |
| Corporate Philanthropy | Effort of an organization to make a contribution to the communities in which it earns profits |
| Consumerism | Public demand that a business consider the wants and needs of its customers in making decisions |
| Product Liability | The responsibility of manufactures for injuries and damages caused by their products |
| Family Leave | 12 weeks of unpaid leave employers must provide to employees who need to deal with family matters |
| Discrimination | Biased treatment of a job candidate or employee |
| Equal Employment Opportunity Commission (EEOC) | Created to increase job opportunities for women and minorities and to help end discrimination |
| Sexual Harassment | Unwelcome and inappropriate actions of a sexual nature in the workplace |
| Sexism | Discrimination against members of either sex, but primarily affecting women |
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