keyterms- chap 4

keyterms- chap 4 - – a business’s concern for the...

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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 business’s 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 organization’s guiding values, create an environment that supports ethically sound behavior, and stress a shared accountability among employees Social audit – a systematic evaluation of an organization’s progress toward implementing programs that are socially responsible and responsive Whistleblowers – people who report illegal or unethical behavior...
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