IB Ch 4

  1. Moral principles and values that govern the behavior of people, firms, and governments, regarding right and worng
    Ethics
  2. The abuse of power to achieve illegitimate personal gain and is a major/severe concern in the global activities of a large proportion of MNEs
    Corruption
  3. Most common form of corruption
    Bribery
  4. Small payments intended to expedite decisions and transactions, or gain favors
    Grease payments
  5. The Pyramid of Ethical Behavior
    • Tip is corporate social responsibility
    • Middle is ethical behavior
    • Base is complying with laws and regulations
  6. Refers to ideas or works created by individuals or firms and includes a variety of proprietary. They are the legal claim through which propriety assets are protected from unauthorized use by other parties, via trademarks, copyrights, and patients
    Intellectual Property
  7. Operating a business to meet or exceed the ethical, legal, commercial, and public expectations of customers, shareholders, employees, and communities.
    Corporate Social Responsibility (CSR)
  8. Meeting humanity's needs without harming future generations
    Sustainability
  9. Examples of Sustainable Practices
    • Beneficial agricultural practices that do no harm
    • Water conservation
    • Air q
Author
Zaqxz
ID
328011
Card Set
IB Ch 4
Description
Help
Updated