Business in Action Chapter 4

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cynical CSR

A business accused of negligent behavior that markets itself as being socially responsible without making significant enhancements in its business practices is employing​ an approach known as __________.

strategic CSR

A company developing an internship program to help improve the workforce and to train potential employees for valuable roles within the company is an example of​ _______.

discrimination

Aaron was in an accident a few years ago and is now in a wheelchair. Although being in a wheelchair does not affect his ability to​ work, he finds getting hired and obtaining promotions difficult. Aaron is most likely a victim of​ ___________.

D

Amanda works at a retail store in the mall. She has recently been promoted and now is in charge of opening and closing the​ store, which involves handling money. After counting the money from the register at the end of the​ day, she comes up with an extra​ $25 that somehow​ wasn't accounted for. Since the money​ isn't officially​ recorded, she wonders whether it would be okay to take the money or whether she should put the money in the bank and explain the situation to her boss in the morning. She decides that she deserves the extra money for her hard work and pockets the​ $25. Which of the following describes​ Amanda's actions? A conflict of interest B ethical dilemma C identity theft D ethical lapse

insider trading

Mark works at​ EFG, Inc. and has access to sensitive stock market information. Mark often uses that information to make decisions about when to buy and sell​ stocks, often before the public has any such information. Which of the following describes​ Mark's actions?

corporate social responsibility

The top managers at ABCD International have always believed that every business has responsibilities to the community in which it does business beyond chasing the profits. This refers to​ ________.

proactive CSR

Top managers at​ InfoAll, Inc., believe deeply that they have responsibilities beyond making a profit. They back their beliefs with specific actions taken on their own initiative. This describes which approach to​ CSR?

identity theft

Which of the following involves corruption in which private information is stolen and manipulated in order to acquire types of financing as well as to commit other methods of​ fraud?

cap and trade

Which of the following represents a specific procedure set in place to allow companies some independence in dealing with the environmental influence of toxins and​ emissions?

defensive CSR

Which of the following views of corporate social responsibility involves a reaction to pressures from​ activists?

A

Which one of the following statements about consumerism is NOT​ accurate? A Consumerism is a synonym for materialism. B Consumerism is a movement that puts pressure on businesses to take into account customer needs and interests. C At the federal​ level, a​ "bill of​ rights" for consumers started a wave of​ consumer-related legislation. D Consumerism prompted state and local agencies to set up agencies.

affirmative action

While still​ controversial, _____________ was created to encourage organizations to hire and promote individuals whose economic success may have been otherwise hindered through established practices.

cynical CSR

a company accused of irresponsible behavior promotes itself as being socially responsible without making substantial improvements in its business practices

identity theft

a crime in which thieves steal personal information and use it to take out loans and commit other types of fraud

consumerism

a movement that pressures businesses to consider consumer needs and interests

ethical lapse

a situation in which an individual or a group makes a decision that is morally wrong, illegal, or unethical

ethical dilemma

a situation in which more that one side of an issue can be supported with valid arguments

cap and trade

a type of environmental policy that gives companies some freedom in addressing the environmental impact of specified pollutants, by either reducing emissions to meet a designated cap or buying allowances to offset excess emissions

code of ethics

a written statement that sets forth the principles that guide an organization's decisions

affirmative action

activities undertaken by businesses to recruit and promote members of groups whose economic progress has been hindered through either legal barriers or established practices

proactive CSR

company leaders believe they have responsibilities beyond making a profit, and they back up their beliefs and proclamations with actions taken on their own initiative

discrimination

in a social and economic sense, denial of opportunities to individuals on the basis of some characteristic that has no bearing on their ability to perform in a job

nongovernmental organizations

nonprofit groups that provide charitable services or promote social and environmental causes

sustainable development

operating business in a manner that minimizes pollution and resource depletion, ensuring that future generations will have vital resources

conflicts of interest

situations in which competing loyalties can lead to ethical lapses, such as when a business decision may be influenced by the potential for personal gain

strategic CSR

social contributions that are directly aligned with a company's overall business strategy

defensive CSR

the company may take positive steps to address a particular issue only because it has been embarrassed into action by negative publicity

transparency

the degree to which affected parties can observe relevant aspects of transactions or decisions

whistle-blowing

the disclosure of information by a company insider that exposes illegal or unethical behavior by others within the organization

philanthropy

the donation of money, time, goods, or services to charitable, humanitarian, or educational institutions

corporate social responsibility

the idea that business has obligations to society beyond the pursuit of profits

minimalist view

the only social responsibility of business is to pay taxes and obey the law

ethics

the rules or standards governing the conduct of a person or group

ergonomics

the study of how people interact with computers and other machines

insider trading

the use of unpublicized information that an individual gains from the course of his or her job to benefit from fluctuations in the stock market

philanthropy

​_________ involves a​ company's contributing​ funds, volunteer​ time, products, and services to causes or establishments without concern for immediate company advantages.

whistle-blowing

​__________ occur(s) when an employee witnesses illegal or unethical actions within the company and chooses to reveal the evidence through formal means such as the media or the authorities.

consumerism

​___________ is a movement that insists companies take into account customer demands and interests.


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