Business 103 Chapter 4 Vocabulary

Standards of moral behavior, that is, behavior accepted by society as right versus wrong.

• Ethical standards that
• emphasize preventing unlawful
• behavior by increasing control
• and by penalizing wrongdoers

• Ethical standards that define
• the organization’s guiding
• values, create an environment
• that supports ethically sound
• behavior, and stress a shared
• accountability among
• employees.

• Insiders who report illegal or
• unethical behavior

• A business’s concern for the
• welfare of society.

• The dimension of social
• responsibility that includes
• charitable donations

• Enhanced forms of corporate
• philanthropy directly related to
• the company’s competencies

• The dimension of social
• responsibility that includes
• everything from hiring minority
• workers to making safe
• products.

• The dimension of social
• responsibility that refers to the
• position a firm takes on social
• and political issues

• An unethical activity in which
• insiders use private company
• information to further their own
• fortunes or those of their family
• and friends.

• A systematic evaluation of an
• organization’s progress toward
• implementing socially
• responsible and responsive
• programs.