DSST Business Ethics and Society 2

I religion aii ideology 131 transnational economy the

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a.i) Religion a.ii) Ideology 131) Transnational Economy – the international movement of labor, trade in goods and services, and international flows of information and capital 132) Alien Tort Claims Act (ATCA) – allows noncitizens to sue individuals present in the US who committed acts of torture a) Allows US Federal Courts to hear civil claims against person allegedly responsible for severe human rights abuses 133) In-Kind Donations – donations made by companies of their goods and services to charitable organizations a) Product manufacturing by the firm, technical support, recycling and reuse of old equipment are In-Kind donations 134) Stockholder – a person who owns part of a business a) Stockholders are investors in or owners of a business 135) Stakeholder – anyone who can affect an organization or be affected by it a) Employee, stockholder, or even the customers, and the community b) According to Wheeler and Sillanpaa, stakeholders can be categorized into groups: b.i) Primary – influential and have a direct stake in the organization (b.i.1) Suppliers, business partners, customers, local community, managers, employees, investors, and shareholders b.ii) Secondary – have less accountability than primary stakeholders, but they have the power to influence the public (b.ii.1) state and federal government, the media, special interest groups, competitors (b.ii.2) Environmental Protection groups, animal rights activists b.iii) Social b.iv) Non-Social– environment, animals, insects, future generations 136) Regulatory Agency – an administrative group established to protect the rights of one or more groups of stakeholders from harmful actions of business a) Occupational Safety and Health Administration (OHSA) b) Equal Employment Opportunity Commission ( EEOC) c) Environmental Protection Agency (EPA) 137) Employee Rights – According to Richard Edwards – are based on laws, contracts, and employer promises a) Edwards believed employee rights served to provide desired outcomes and protect employees from undesired consequences 138) Statutory Employee Rights – the rights provided by law a) Local, state and federal laws have given workers rights, including, workplace safety, equal employment, and collective bargaining 139) Contractual Rights – are based on a contract with the employer a) Example: specifies the details of employment 140) Enterprise Rights – employer promises – Enterprise rights are in writing and usually found in the employee handbook a) Example: grievance system, personnel evaluations, 141) Employee at Will – the employment relationship is voluntary and subject to termination at any time by either party a) Employees can be fired at anytime for cause or no cause b) With the increased amount of layoffs and lawsuits employers are requiring new employees to sign employment at will forms c) Three Exceptions: c.i) Implied contract c.ii) Implied covenant c.iii) Violation of public policy 142) Implied Contract Exception – refers to dismissal in spite of promises made regarding job security or contrary to set procedures 143)
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