KeyTermsChapter4 - ethics the standards of moral behavior,...

Info iconThis preview shows page 1. Sign up to view the full content.

View Full Document Right Arrow Icon
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.
Background image of page 1
This is the end of the preview. Sign up to access the rest of the document.

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...
View Full Document

Ask a homework question - tutors are online