keyterms- chap 4

keyterms- chap 4 - a businesss concern for the welfare of...

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Mei Chen Section 01 Chapter 4: Demonstrating Ethical Behavior and Social Responsibility 3-3-08 Compliance-based ethics codes – ethical standards that emphasize preventing unlawful behavior by increasing control and by penalizing wrongdoers Corporate philanthropy – dimension of social responsibility that includes charitable donations Corporate policy – dimension of social responsibility that refers to the position a firm takes on social and political issues Corporate responsibility – dimension of social responsibility that includes everything from hiring minority workers to making safe products Corporate social initiatives – enhanced forms of corporate philanthropy that are more directly related to the company’s competencies Corporate social responsibility
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Unformatted text preview: a businesss concern for the welfare of society Ethics standards of moral behavior, that is, behavior hat is accepted by society as right versus wrong Insider trading an unethical activity in which insiders use private company information to further their own fortunes or those of their family and friends Integrity-based ethics codes ethical standards that define the organizations guiding values, create an environment that supports ethically sound behavior, and stress a shared accountability among employees Social audit a systematic evaluation of an organizations progress toward implementing programs that are socially responsible and responsive Whistleblowers people who report illegal or unethical behavior...
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This note was uploaded on 04/27/2008 for the course BUS 115 taught by Professor Laskowski during the Spring '08 term at SUNY Stony Brook.

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