Business Ethics and Corporate Responsibility

Positive reputation can be valued as:

An intangible corporate in terms of asset

What is B-Corporations (non profit)?

Balance the interest of stakeholders to solve social and environmental problem

Customers can exercise economic Stalk holders power by :

Boycott

The cost of CRS may ultimately be passed on to:

Customers

Argument in favor of corporate social responsibilty

Discourage government regulations

What do global social audit standards concentrate on?

Economic (for environmental stakeholders). Internally focused economic benefits for the firm. Externally focused social benefits for the business. Externally focused social benefits for key stakeholders.

Corporate power refers to influence:

Economy, Society, and Government

The most significant motivator of corporate social responsibility?

Ethical

The iron law of responsibility says that

In the long run.... They would lose their power

What is an example of a gift in a work place?

Make no conflict of interest

Sarbanes Oxley Act:

Make sure reports are accurate

True Fact about corporate social responsibility:

Money for scholarship,charity, and vaccine

When undertaking social initiatives a company sacrifices something:

Profit (Money)

Argument against CSR:

Require skills business may lack

When a company sues a company for health effects caused by the unsafe disclosure of chemicals:

This is an exercise of a stakeholder's(Economic Power)

5 types of stakeholders power?

Voting, Political, legal, Informational and Economically

5 Types of stakeholder's power recognized by most experts are:

Voting,Economy, Political, Legal and Information power

What is Salient?

When something stands out in the background

Globalization would argue that it helps the developing "we keep losing jobs because of too much globalization."

World entrepreneur, new ideas and jobs

What is an ethics issue based on cross cultural contradictions?

a good or service that is not allowed to be seen in the US.

Cross cultural contradictions arise due to:

different beliefs

Where do ethical beliefs come from?

education,family,friends, Media and Religion