ch. 2 SOM
Moving factory production to an area with low wages and few health regulations may not be illegal, but it would mostly likely be considered
Unethical behavior
corporate social audit
a systematic analysis of a firm's success in using funds earmarked for meeting its social responsibility goals
Define: a defensive stance toward social responsibility
The approach to social responsibility by which a company meets only minimum legal requirements in its commitments to groups and individuals in its social environment
an accommodative stance toward social responsibility
The approach to social responsibility by which a company, if specifically asked to do so, exceeds legal minimums in its commitments to groups and individuals in its social environment
Ethics
-based on individual beliefs and social concepts and vary from person to person
highest to lowest level of social responsibility
1. proactive stance 2. accommodative stance 3. defensive stance 4. obstructionist stance
example of consumerism:
A group of people working together to create a Passenger's Bill of Rights that protects airline ticket buyers
A political action committee is _____________
A means through which organizations legally contribute to campaign funds in order to influence the government
whistleblower
A person who discovers and tries to put an end to a company's unethical, illegal, or socially irresponsible actions by publicizing them
philanthropic giving
As the owner of a store that sells high-quality accessories, Drew supports her local community's women's shelter through donations of cash as well as items such as leather handbags, a kind of social responsibility
regulation
The establishment of laws and rules that dictate what organizations can and cannot do
an example of a government-created agency to regulate environmental issues
EPA
What issue would likely be addressed in an organization's code of ethics
Gift giving and receiving
example of whistleblowing
Ida contacts the Food and Drug Administration to report contamination problems at the pharmaceutical company where she works.
collusion
Illegal agreement between two or more companies to commit a wrongful act
An organization that __________ conducts business in a way that treats employees respectfully, complies with proper accounting procedures, and stands behind the quality of its products or services.
Is socially responsible
Which of the following statements BEST describes ethical behavior?
It means that individuals act in a manner that follows their beliefs and social norms about what is right and good.
political action committees
Special organizations created to solicit money and then distribute it to political candidates
managerial ethics
Standards of behavior that guide individual managers in their work
Define: a proactive stance toward social responsibility
The approach to social responsibility by which a company actively seeks opportunities to contribute to the well-being of groups and individuals in its social environment
ethical compliance
The extent to which the members of the organization follow basic ethical and legal standards of behavior
proactive stance
approach to social responsibility by which a company actively seeks opportunities to contribute to the well-being of groups and individuals in its social environment
defensive stance
approach to social responsibility by which a company meets only minimum legal requirements in its commitments to groups and individuals in its social environment
accommodative stance
approach to social responsibility by which a company, if specifically asked to do so, exceeds legal minimums in its commitments to groups and individuals in its social environment
obstruction stance
approach to social responsibility that involves doing as little as possible and may involve attempts to deny or cover up violators
ethical behavior
behavior conforming to generally accepted social norms conncerning beneficial and harmful actions
unethical behavior
behavior that does not conform to generally accepted social norms concerning beneficial and harmful actions
Sam was at home reading his email when he realized his supervisor had accidentally included him on a private work email about one of his colleagues. Sam immediately contacted his supervisor and explained that he would keep the information confidential. This is an example of
business ethics
Proactive stance
company exhibiting when they have the highest degree of social responsibility
whistle-bower
employee who detects and tries to put an end to a company's unethical, illegal, or socially irresponsible actions by publicizing them
business ethics
ethical or unethical behaviors by employees in the context of their jobs
The beliefs that it is good to help others and wrong to steal, for example, are known as
ethics
consumerism
form of social activism dedicated to protecting the rights of consumers in their dealings with businesses
insider trading
illegal practice of using special knowledge about a firm for profit or gain
If you work as a supplier to a corporation, you are a(n)
organizational stakeholder
Political Action Committees (PACs)
special
code of ethics should be
specific to lead the employees, but also should allow some freedom of judgment
Insider trading
term for the illegal practice of using special knowledge about a firm for profit or gain
Obstructionist stance
the approach to social responsibility that involves doing as little as possible and may involve attempts to deny or cover up violations
social responsibility
the attempt of a business to balance its commitments to groups and individuals in its
Philanthropic Giving
the awarding of funds or gifts to charities or other worthy causes
Legal Compliance
the extent to which the members of the organization follow basic ethical (and legal) standards of behavior
Legal compliance
the extent to which the organization conforms to local, state, federal, and international laws
Lobbying
the use of persons or groups to formally represent an organization or group of organizations before political bodies
lobbying
the use of persons or groups to formally represent an organization or group of organizations before political bodies
organizational stakeholders
those groups, individuals, and organizations that are directly affected by the practices of an organization and who therefore have a stake in its performance