Chapter 3

Total Flash Cards » 27
 
1. 

ethical issue

 

problem, situation, or opporunity that requires an individual or group to choose among actions

 
2. 

Honesty

 

Truthfulness or trustworthiness

telling the truth to the best of your knowledge

 
3. 

dishonesty

 

A Lack of integrety, incomplete discolsure, or an unwilligness to tell the truth

 
4. 

Fariness

 

The quality of being just, equitable, and impartial

 
5. 

equality

 

how wealth or income is distributed

 
6. 

reciprocity

 

occurs when an action that has an effect upon another is returned

 
7. 

optimization

 

the tradeoff between equity and efficency

 
8. 

integreity

 

uncompromising adherence to ehtical values

 
9. 

ethical dilemma

 

a proble, situation, or an opportunity that requires an individual or group to chose among several wrong or unethical actions

 
10. 

4 examples of shareholder issues

 

1. bitter interaction and positioning with shareholders
2. protest votes in director elections
3. long term value creatioin
4. expanding roles for women

 
11. 

what is the leading form of observed misconduct

 

misuse of company resoures

can range from unauthorized use of equipment and computers to embezzling company funds

 
12. 

abusive or intimidating behaviors

 

can be physical threats, false accusations, profanity, insults, harshness, ignoring someone, or unreasonableness

intent is important in determing abuse

bullying is a growing problem

 
13. 

what are the 3 types of lies

 

1. joking without malice

2. commission lying- creating a false perception with words that decieve the reciever

3. ommision lying- in intentionally not infomring channel members of problems relating to product that affects awareness, intention, or behavior

 
14. 

conflicts of interst

 

exist when an individual must choose whether to advance his or her personal intersts of the organization, or some other group

 
15. 

what is bribery and what are the different types

 

the practice of offering something in order to gain an illict advantage

1. active bribery- the person who promises or gives the bribe commits the offense

2. passive bribery- an offense committed by the offical who recievies the bribe

facilitation payments- legal as long as they are small

 
16. 

Corporate Intelligance

 

the collection and anaylysis of information on:

markets

technoligies

customers and competitors

socioeconomic and external political trends

 
17. 

a company can be sued for discrimination if it

 

Refuses to hire an individual for discriminatory reaons

unreasonably excludes and indivdual from employment

unreasonably discharges an individual

disciminates against an individual with respect to hiring, employment terms, promotion, or privileges

 
18. 

unethical dual relationship

 

the relationship causes a conflict of interst or impariment of professional judgement

 
19. 

the kyoto protocol

 

an international treaty that commits nations to reducing greenhouse gas emissions

 
20. 

fraud

 

any purposeful communication that deceives, manipulates, or conceals facts in order to create a false impression

 
21. 

accounting fraud

 

misreprensnetation of a company's financial reports

accountants should abide by a strict code of ethics

 
22. 

marketing fraud

 

the process of dishonestly creating, distributing, promoting, and pricing products

puffery- exaggerated advertising claims, blustering, and boasting

implied falisty- an advertising message that misleads, confuses, or decieves the public,

literally false- claims can be divided into prove and bald assertions

 
23. 

consumer fraud

 

when consumers attempt to decieve businesses for personal gain
- price tag switchin, item switching, or lying to obtain discounts

colllusion- involves an employee who helps a consumer comitt fruad

duplicity- involves a consumer duping a store

guile- is associated with a peroson who uses tricks to obtain unfair advantage

 
24. 

financial misconduct

 

the failure to understand and manage ethical risks was a key problem in the recent financial crisis

 
25. 

what are the two types of insider trading?

 

legal insider trading- involes legally buying and selling stock in an insider's own company ,but not all the time


illegal insider trading- the buying or selling og stocks by insiders who posses material that is not public

 
26. 

most ethical issues become visible through?

 

stakeholder concerns

 
27. 

the ehtical decision making process starts when

 

ehtical issue awarness occurs and a discussion begins