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Intro to Business 3

TermDefinition
Compliance Based Ethics Code Ethical standards that emphasize preventing unlawful behavior by increasing control and by penalizing wrongdoers.
Corporate Philanthropy The dimension of social responsibility that includes charitable donations.
Corporate Policy The dimension of social responsibility includes everything from hiring minority workers to making safe products.
Corporate Responsibility The dimension of social responsibility includes everything from hiring minority workers to making safe products.
Corporate Social Initiatives Enhanced forms of corporate philanthropy directly related to the company's competencies.
Corporate Social Responsibility (CSR) A business' concern for the welfare of society
Ethics Standards of moral behavior; that is, behavior accepted by society as right versus wrong.
Insider Trading An unethical activity in which insiders use private company information to further their own fortunes or those of their family and friends.
Integrity Based Ethics Code Ethical standards that define the organization's guiding values, create an environment that supports ethically sound behavior, and stress shared accountability among employees.
Social Audit Systematic evaluation of an organization's progress toward implementing socially responsible and responsive programs.
Whistleblowers Insiders who report illegal or unethical behavior.
Created by: user-2055965
 

 



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