Principles of Bus. Assign 2_Week 2

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Running head: PRINCIPLES OF BUSINESS 1 Being Ethical and Socially Responsible Donza Brown BUS 111 SYS Kimberly Giacalone Metropolitan College of New York Week 2 Assignment 2
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PRINCIPLES OF BUSINESS 2 Definitions – In a few words, define the following terms (25 points) 1. Business ethics means the moral principles that guide the way a business behaves. The same principles that determine an individual’s actions also apply to business. Acting in an ethical way involves distinguishing between “right” and “wrong” and then making the “right” choice. 2. Sarbanes-Oxley Act of 2002 is an act passed by U.S. Congress in 2002 to protect investors from the possibility of fraudulent accounting activities by corporations. The Sarbanes- Oxley Act of 2002 has mandated strict reforms to improve financial disclosures from corporations and prevent accounting fraud. 3. Social responsibility means an entity, be it an organization or individual, has an obligation to act for the benefit of society at large. Social responsibility means a duty every individual has to perform so as to maintain a balance between the economy and the ecosystems. 4. Consumerism means the protection or promotion of the interests of consumers. 5. Affirmative action program means a plan designed to increase the number of minority employees at all levels within an organization.
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PRINCIPLES OF BUSINESS 3 Building Skills for Career Success- Researching Different Careers (50 points)
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