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Integrity & Ethics

chapter 2

QuestionAnswer
Integrity An uncompromising adherence to the lofy values, beliefs, and principles that a individual claims to hold
Ethical Issues Issues that involve questions of right and wrong
Stakeholders Individual or groups who either can affect or are affected by the company
Social responsibilities A company's ethical obligations to the community
Intellectual Property Original intellectual creations, including inventions, literary creations, and works of art, that are protected by patents or copyright
Ethical Imperialism The belief that the ethical standards of one's own country can be applied universally
Ethical relativism The beliefs that ethical standards are subject to local interpretation
Underlying Values Unarticulated ethical beliefs that provide a foundations for ethical behavior in a firm
Code of ethics Official standards of employee behavior formulated by a business owner
Sustainable small business A profitable company that responds to customers' needs while showing reasonable concern for the environment
Environmentalism The effort to protect and preserve the environment
Created by: blearly1234
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