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chapter2-UVI BUS 112
Intro to Business by Koopar- Chapter 2
Question | Answer |
---|---|
ethics | is the study of right and wrong and of the morality of the choices individuals make. |
business ethics | is the application of moral standards to business situations. |
Sarbanes-Oxley Act of 2002 | provides sweeping new legal legal protection for employees who report corporate misconduct |
code of ethics | a guide to acceptable and ethical behavior as defined by the organization |
whistle-blowing | informing the press or government officials about unethical practices within one's organization |
social responsibility | the recognition that business activities have an impact on society and the consideration of that impact in business decision making |
caveat emptor | a Latin phrase meaning "let the buyer beware" |
economic model of social responsibility | the view that society will benefit most when business is left alone to produce and market profitable products society needs |
socioeconomic model of social responsibility | the concept that business should emphasize not only profits but also the impact of its decisions on society |
consumerism | all activities undertaken to protect the rights of consumers |
minority | a racial, religious, political, national, or other group regarded as different from the larger group of which it is a part and that is often singled out for unfavorable treatment |
affirmative action programs | is a plan designed to increase the number of minority employees at all levels within an organization |
Equal Employment Opportunity Commission (EEOC) | a government agency with the power to investigate complaints of employment discrimination and the power to sue firms that practice it |
hard-core unemployed | workers with little education or vocational training and a long history of unemployment |
National Alliance of Business (NAB) | a joint, business-government program to train the hard-core unemployed. |
pollution | the contamination of water, air, or land through the actions of people in an industrialized society |
social audit | is a comprehensive report of what an organization has done and id doing with regard to social issues that affect it |