KeyTermsChapter4 - ethics – the standards of moral...

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Chapter 4 key terms compliance-based ethics codes – 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 form 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 – a business's concern for the welfare of society.
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Unformatted text preview: ethics – the standards of moral behavior, that is, behavior that 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 – define the organization's guiding values, create an environment that supports ethically sounds 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 bhavior...
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