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Intro to business Chapter 2
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Ethics
the study of right and wrong and of the morality of the choices individuals make
Business Ethics
the application of moral standards to business situations
Factors that affect the level of ethical behavior in an organization
Individual Factors
Social Factors
Opportunity
Code of Ethics
a guide to acceptable and ethical behavior as defined by the organization
Whistle-blowing
informing the 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
Economic model of social responsibility
the view that society will benefit most when business is left alone to produce and market profitable products that society needs
Socioeconomic model of social responsibility
that 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 comsumers
Affirmative action program
a plan designed to increase the number of minority employees at all levels within an organization
Pollution
the contamination of water, air, or land through the actions of people in an industrialized society
Author
dasafran
ID
31115
Card Set
Intro to business Chapter 2
Description
Chapter 2 Terms
Updated
2010-08-24T21:17:25Z
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