Business 1000- Mid Term 2 Terms-
MUN-Questions with Quality Answers.
Ethics - Answer the individual standards or moral values regarding what is right and wrong or
good and bad
Ethical Behavior - Answer the behavior that conforms to individual beliefs and social norms
about what is right and good
Unethical Behavior - Answer the behavior that individual beliefs and social norms define as
wrong and bad
Business Ethics - Answer ethical or unethical behaviors by a manager or employee of an
organization
Managerial Ethics - Answer the standards of behavior that guide individual managers in their
work
Conflict of Interest - Answer occurs when an activity benefits the employee at the expense of
the employer
Corporate Social Responsibility - Answer the idea that a business should balance its
commitments to individuals and groups that are directly affected by the organization's activities
Organizational Stakeholders - Answer groups, individuals, and organizations that are directly
affected by the practices of an organization and that therefore have a stake in its performance
Pollution - Answer the introduction of harmful substances into the environment
Air Pollution - Answer pollution that occurs when a combination of factors lowers air quantity
Global Warming - Answer an increase in the earth's average temperature
Toxic Waste - Answer pollution resulting from the emission of chemical and/or radioactive by-
products of various manufacturing processes in the air, water, or land
Recycling - Answer the reconversion of waste materials into useful products
, Biomass - Answer plant and animal waste used to produce energy
Consumerism - Answer a social movement that seeks to protect and expand the rights of
consumers in their dealings with businesses
Collusion - Answer an illegal agreement among companies in an industry to "fix" prices for
their products
Stealth (Undercover) Advertising - Answer companies paying individuals to extol the virtues
of their products without disclosing that they are paid to do so
Whistleblower - Answer an individual who calls the attention to an unethical, illegal, and/or
socially irresponsible practice on the part of a business or other organization
Cheque Kiting - Answer the illegal practice of writing cheques against money that have not
yet arrived at the bank on which the cheque has been written, relying on that money arriving
before the cheque clears
Insider Trading - Answer the use of confidential information to gain from the purchase or sale
of a stock
Obstructionist Stance - Answer a company does as little as possible to solve social or
environmental problems
Defensive Stance - Answer an organization does only what is legally required and nothing
more
Accommodative Stance - Answer a company meets all of its legal and ethical requirements,
and in some cases even beyond what is required
Proactive Stance - Answer an organization actively seeks opportunities to be socially
responsible
Social Audit - Answer a systematic analysis of how a firm is using its funds earmarked for
social-responsibility goals and how effective these expenditures have been
Triple Bottom Line Reporting - Answer measuring the social, environmental and economic
performance of a company
MUN-Questions with Quality Answers.
Ethics - Answer the individual standards or moral values regarding what is right and wrong or
good and bad
Ethical Behavior - Answer the behavior that conforms to individual beliefs and social norms
about what is right and good
Unethical Behavior - Answer the behavior that individual beliefs and social norms define as
wrong and bad
Business Ethics - Answer ethical or unethical behaviors by a manager or employee of an
organization
Managerial Ethics - Answer the standards of behavior that guide individual managers in their
work
Conflict of Interest - Answer occurs when an activity benefits the employee at the expense of
the employer
Corporate Social Responsibility - Answer the idea that a business should balance its
commitments to individuals and groups that are directly affected by the organization's activities
Organizational Stakeholders - Answer groups, individuals, and organizations that are directly
affected by the practices of an organization and that therefore have a stake in its performance
Pollution - Answer the introduction of harmful substances into the environment
Air Pollution - Answer pollution that occurs when a combination of factors lowers air quantity
Global Warming - Answer an increase in the earth's average temperature
Toxic Waste - Answer pollution resulting from the emission of chemical and/or radioactive by-
products of various manufacturing processes in the air, water, or land
Recycling - Answer the reconversion of waste materials into useful products
, Biomass - Answer plant and animal waste used to produce energy
Consumerism - Answer a social movement that seeks to protect and expand the rights of
consumers in their dealings with businesses
Collusion - Answer an illegal agreement among companies in an industry to "fix" prices for
their products
Stealth (Undercover) Advertising - Answer companies paying individuals to extol the virtues
of their products without disclosing that they are paid to do so
Whistleblower - Answer an individual who calls the attention to an unethical, illegal, and/or
socially irresponsible practice on the part of a business or other organization
Cheque Kiting - Answer the illegal practice of writing cheques against money that have not
yet arrived at the bank on which the cheque has been written, relying on that money arriving
before the cheque clears
Insider Trading - Answer the use of confidential information to gain from the purchase or sale
of a stock
Obstructionist Stance - Answer a company does as little as possible to solve social or
environmental problems
Defensive Stance - Answer an organization does only what is legally required and nothing
more
Accommodative Stance - Answer a company meets all of its legal and ethical requirements,
and in some cases even beyond what is required
Proactive Stance - Answer an organization actively seeks opportunities to be socially
responsible
Social Audit - Answer a systematic analysis of how a firm is using its funds earmarked for
social-responsibility goals and how effective these expenditures have been
Triple Bottom Line Reporting - Answer measuring the social, environmental and economic
performance of a company
