What is Business Ethics?
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Refers to ethical or unethical behaviours by a business's manager or
employee
What is Obstructional Stance?
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Businesses that take an obstructionist stance to social responsibility do as
little as possible to solve social or environmental problems
,What is Organizational Stakeholders?
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Individuals and groups that are directly affected by the practices of an
organization and therefore have a stake in its performance
What are the four general approaches/stances to social responsibility?
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Obstructional stance, defensive stance, accomodative stance, proactive
stance
What is Responsibility Toward Employees?
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Recruiting, hiring, training, promoting, and compensating are the basis for
socially responsible behaviour toward employees
What is Adopt Written Codes of Ethics?
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A written code of ethics formally acknowledges that a company intends to
do business in an ethical manner.
Codes of ethics increase public confidence in a company, improve internal
, operations, and help managers respond on those occasions when there
are problems with illegal or unethical employee behaviour.
What are the following rights consumers have?
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The right to safe products, the right to be informed about all relevant
aspects of a product, the right to be heard, the right to choose what they
buy, the right to be educated about purchases, the right to courteous
service
What is Truth in Advertising?
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Means that advertising claims must be demonstrably true, but it is not hard
to find examples where this principle is violated
What is Social Audit?
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A systematic analysis of how a firm is using funds earmarked for its social
responsibility goals and how effective these expenditures have been
What are the three broad categories of Managerial Ethics?
Give this one a try later!
Refers to ethical or unethical behaviours by a business's manager or
employee
What is Obstructional Stance?
Give this one a try later!
Businesses that take an obstructionist stance to social responsibility do as
little as possible to solve social or environmental problems
,What is Organizational Stakeholders?
Give this one a try later!
Individuals and groups that are directly affected by the practices of an
organization and therefore have a stake in its performance
What are the four general approaches/stances to social responsibility?
Give this one a try later!
Obstructional stance, defensive stance, accomodative stance, proactive
stance
What is Responsibility Toward Employees?
Give this one a try later!
Recruiting, hiring, training, promoting, and compensating are the basis for
socially responsible behaviour toward employees
What is Adopt Written Codes of Ethics?
Give this one a try later!
A written code of ethics formally acknowledges that a company intends to
do business in an ethical manner.
Codes of ethics increase public confidence in a company, improve internal
, operations, and help managers respond on those occasions when there
are problems with illegal or unethical employee behaviour.
What are the following rights consumers have?
Give this one a try later!
The right to safe products, the right to be informed about all relevant
aspects of a product, the right to be heard, the right to choose what they
buy, the right to be educated about purchases, the right to courteous
service
What is Truth in Advertising?
Give this one a try later!
Means that advertising claims must be demonstrably true, but it is not hard
to find examples where this principle is violated
What is Social Audit?
Give this one a try later!
A systematic analysis of how a firm is using funds earmarked for its social
responsibility goals and how effective these expenditures have been
What are the three broad categories of Managerial Ethics?
