Define These Business Ethics and Social Responsibility Flashcards

MGMT 2

29 cards   |   Total Attempts: 184
  

Cards In This Set

Front Back
Ethics
The principles and standards that determine acceptable conduct in business
Social Responsibility
Relates to a business’s impact on society
Sarbanes-Oxley Act
Criminalized securities fraud and stiffened penalties for corporate fraud
Ethics is related to the _____ in which a business operates
Culture
Conflict of Interest
The most common ethical issue identified by employees
Managers use the _____ of their position to influence employees’ actions
Authority
Plagiarism
Involves taking someone else’s work and presenting it as your own
A code of ethics represents _____ rules and standards of what a company expects of its employees
Formalized
Being a good corporate citizen and contributing to the community are examples of _______
Voluntary Responsibilities
Laws regarding safety in the workplace are enforced by: ____
OSHA
One role of the FTC’s Bureau of Consumer Protection is to protect consumers from
Fraud
Approximately ___ of Fortune 500 companies have a written environmental policy
83%
Being profitable is an example of _____
Economic Responsibility
Obeying the law is a business’ _____
Legal Responsibility
Approximately _____ of Fortune 500 companies engage in recycling efforts
75%