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25 Cards in this Set
- Front
- Back
Ethics
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Individual standards or moral values regarding what is right and wrong or good and bad
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what is ethical behaviour
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ethical behaviour is behaviour that conforms to individual beliefs and social norms about what is right and good
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what is unethical behaviour?
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unethical behaviour is behaviour that individuals beliefs and social norms define as wrong and bad
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what are business ethics?
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ethical or unethical behaviours by a manager or employee of an organization
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what are managerial ethics?
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they are standards of behaviour that guide individual managers in their work
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Social Responsibility
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a business's code of ethical behaviour toward the environment, its customers, its employees and its investors
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organizational stakeholders
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groups, individuals and organizations that are directly affected by the practices of an organization and thhat therefore have a stake in its performance
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pollution
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the introduction of harmful substances into the environment
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air pollution
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pollution that occures when a combination of factors lowers air quality
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global warming
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an increase in the earth's average temperature.
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toxic waste
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pollution resulting from the emmision of chemical and or radioactive byproducts of various manufacturing processes into the air water or land
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recycling
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the reconversion of waste materials into useful products
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biomass
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plant and animal waste used to produce energy
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Consumerism
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a social movement that seeks to protect and expand the rights of consumers in their dealings with businesses
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collusion
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an illegal agreement among companies in an industry to "fix" prices for their products.
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stealth(undercover) advertising
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companies paying individuals to extol the virtues of their products without disclosing that their are paid to do so
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Whistle-Blower
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An individual who calls attention to an unethical, illegal, and/or socially irresponsible practice on the part of a business or other organization
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Cheque Kiting
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the illegal practice of writing cheques against money that has not yet arrived at the bank on which the cheque has been written, relying on that money arriving before the cheque clears.
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insider trading
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the use of confidential information to gain from the purchase or sale of stock
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obstructionist stance
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a company that does as little as possible to solve social or environmental problems.
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defensive Stance
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An organization does only what is legally required and nothing more.
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accommodative stance
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a company meets all of its legal and ethical requirements and in some cases even goes beyond what is required
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proactive stance
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an organization that actively seeks opportunities to be socially responsible
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Social Audit
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A systematic analysis of how a firm is using funds earmarked for social responsibility goals and how effective these expenditures have been
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triple bottom line reporting
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measuring the social environmental and economic performance of a company
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