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1. The first step in making decisions that are ethically responsible is to consider all of the people affected by a
decision, the people often called stakeholders.
Chapter 01 - Ethics and Business
Ethics and Business
1. Ethical decision making in business is limited to major corporate decisions with dramatic social
Feedback: Ethical decision making
CH 10 Exam Study Guide
Key Terms- (14)
Committee of Sponsoring Organizations (COSO) a voluntary collaboration designed to improve financial
reporting through a combination of controls and governance standards called the Internal ControlIntegrated Framewor
CH 1- Guide
DefinitionsDescriptive Ethics- As practiced by many social scientists, provides a descriptive and empirical account of
those standards that actually guide behavior, rather than those standards that should drive guide
Chapter 4 Key Terms
Code of conduct- A set of behavioral guidelines and expectations that govern all members of a business
Compliance-based culture- A corporate culture in which obedience to laws and regulations is the
prevailing model for ethical b
Chapter 5 Key Terms
Corporate social responsibility- The responsibilities that businesses have to the societies within which
they operate. In various contexts, it may also refer to the voluntary actions that companies undertake to
address economic, social
Chapter 6 Key Terms
Affirmative action- A policy or program that strives to redress past discrimination through the
implementation of proactive measures to ensure equal opportunity. In other words, affirmative action is
the intentional inclusion of previo
Ethics Chapter 4 Summary
What is corporate culture?
Every organization has a culture.
A culture is made by a shared pattern of beliefs, expectations, and meanings that guide the behavior of its members.
Businesses also have unspoken yet influential standa
CH 4 Quiz Qs
1. "Quietly ethical" executives within the confines of the top management team are likely to be
perceived as ethical leaders because they have the support of the top management.
2. Corporate culture shapes, and is shaped, by the people