COMM 216 CONCORDIA FINAL EXAM STUDY GUIDE
Business & Society - Answers - The dynamic interplay between companies and their
broader context, including their impact on and contribution to communities,
environments, and economies.
Ethics - Answers - Moral principles guiding personal and corporate behavior, forming a
basis for distinguishing between right and wrong actions.
Stakeholders - Answers - Parties with an interest or concern in a company's operations
and outcomes, which can include anyone from shareholders to community members.
CSR - Answers - A business's commitment to sustainable practices that consider the
well-being of society and the environment along with profitability.
CS - Answers - Corporate initiatives focused on creating long-term value by
incorporating environmental, social, and economic considerations into business
strategies.
TBL - Answers - An accounting framework that goes beyond profit to include social and
environmental performance in a company's overall assessment.
Corporate Citizenship - Answers - The role of businesses in contributing positively to
society, aiming to benefit the community as well as the environment.
Deontological - Answers - An ethical approach where the morality of an action is based
on whether that action itself is right under a series of rules, rather than based on the
consequences of the action.
Teleological - Answers - Ethical theory that determines the morality of actions by their
outcomes, with the best choice being the one that produces the greatest good for the
greatest number.
Virtue-Based - Answers - Ethical theory emphasizing an individual's character as the
key element for ethical behavior, rather than the consequences or rules governing the
behavior.
Self-interest - Answers - The understanding that individuals will act to further their own
ends, and that these actions can lead to positive outcomes for the collective.
Personal Virtues - Answers - Ethics focused on virtues, or moral characteristics, of
individuals such as courage, wisdom, and temperance.
Caring - Answers - An ethical stance valuing benevolence and empathy in interpersonal
relationships as central to moral action.
, Utilitarian - Answers - An ethical principle that advocates for actions to produce the most
favorable balance of good over bad for the greatest number of people.
Universal Rules - Answers - The idea that ethical principles should apply universally,
ensuring that actions are morally consistent across similar situations.
Individual Rights - Answers - The concept that individuals have fundamental rights that
are to be respected and protected in ethical decision-making.
Values - Answers - Enduring beliefs or ideals shared by members of a community about
what is good or desirable and bad or undesirable.
Morals - Answers - Standards for behavior that are based on the collective beliefs about
what is right and wrong.
Social License - Answers - Public approval granted to a company based on its
adherence to community values and norms.
Social Contract - Answers - An implied agreement within a society for mutual benefit,
under which individuals give up some freedoms in exchange for social order.
Legitimacy - Answers - The perception that an organization's actions are desirable,
proper, or appropriate within the prevailing social norms.
Types of Capitalism - Answers - Different systems and models of economic organization
characterized by varying degrees of competitive markets and state intervention.
Codes of Conduct - Answers - Formal declarations of principles and values that govern
behaviors within an organization.
Conflicts of Interest - Answers - Situations where one's personal interests may
potentially conflict with their professional or public duties.
CSR Actions - Answers - Specific initiatives and strategies employed by companies to
fulfill their corporate social responsibility commitments.
Auditing - Answers - The systematic examination and verification of a company's CSR
activities to ensure accuracy and compliance with standards and commitments.
Commons - Answers - Shared resources like air and water that belong to everyone and
require collective management to ensure their sustainability.
Corporate Environmental Engagement - Answers - A company's strategic involvement
with promoting environmental sustainability through its operational policies and
community initiatives.
Business & Society - Answers - The dynamic interplay between companies and their
broader context, including their impact on and contribution to communities,
environments, and economies.
Ethics - Answers - Moral principles guiding personal and corporate behavior, forming a
basis for distinguishing between right and wrong actions.
Stakeholders - Answers - Parties with an interest or concern in a company's operations
and outcomes, which can include anyone from shareholders to community members.
CSR - Answers - A business's commitment to sustainable practices that consider the
well-being of society and the environment along with profitability.
CS - Answers - Corporate initiatives focused on creating long-term value by
incorporating environmental, social, and economic considerations into business
strategies.
TBL - Answers - An accounting framework that goes beyond profit to include social and
environmental performance in a company's overall assessment.
Corporate Citizenship - Answers - The role of businesses in contributing positively to
society, aiming to benefit the community as well as the environment.
Deontological - Answers - An ethical approach where the morality of an action is based
on whether that action itself is right under a series of rules, rather than based on the
consequences of the action.
Teleological - Answers - Ethical theory that determines the morality of actions by their
outcomes, with the best choice being the one that produces the greatest good for the
greatest number.
Virtue-Based - Answers - Ethical theory emphasizing an individual's character as the
key element for ethical behavior, rather than the consequences or rules governing the
behavior.
Self-interest - Answers - The understanding that individuals will act to further their own
ends, and that these actions can lead to positive outcomes for the collective.
Personal Virtues - Answers - Ethics focused on virtues, or moral characteristics, of
individuals such as courage, wisdom, and temperance.
Caring - Answers - An ethical stance valuing benevolence and empathy in interpersonal
relationships as central to moral action.
, Utilitarian - Answers - An ethical principle that advocates for actions to produce the most
favorable balance of good over bad for the greatest number of people.
Universal Rules - Answers - The idea that ethical principles should apply universally,
ensuring that actions are morally consistent across similar situations.
Individual Rights - Answers - The concept that individuals have fundamental rights that
are to be respected and protected in ethical decision-making.
Values - Answers - Enduring beliefs or ideals shared by members of a community about
what is good or desirable and bad or undesirable.
Morals - Answers - Standards for behavior that are based on the collective beliefs about
what is right and wrong.
Social License - Answers - Public approval granted to a company based on its
adherence to community values and norms.
Social Contract - Answers - An implied agreement within a society for mutual benefit,
under which individuals give up some freedoms in exchange for social order.
Legitimacy - Answers - The perception that an organization's actions are desirable,
proper, or appropriate within the prevailing social norms.
Types of Capitalism - Answers - Different systems and models of economic organization
characterized by varying degrees of competitive markets and state intervention.
Codes of Conduct - Answers - Formal declarations of principles and values that govern
behaviors within an organization.
Conflicts of Interest - Answers - Situations where one's personal interests may
potentially conflict with their professional or public duties.
CSR Actions - Answers - Specific initiatives and strategies employed by companies to
fulfill their corporate social responsibility commitments.
Auditing - Answers - The systematic examination and verification of a company's CSR
activities to ensure accuracy and compliance with standards and commitments.
Commons - Answers - Shared resources like air and water that belong to everyone and
require collective management to ensure their sustainability.
Corporate Environmental Engagement - Answers - A company's strategic involvement
with promoting environmental sustainability through its operational policies and
community initiatives.
