business 1e vobII
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Created by:
jacklati427563 on July 25, 2011
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12 terms
Terms | Definitions |
|---|---|
 Ethics | the standards of moral behavior; that is,behavior that is accepted society as right verus wrong |
| Illegal | an act for which you could be fined or imprisoned |
| Compliance- based ethics codes | prevent unlawful behavior by increasing control and penalizing violations |
| Integrity-based ethics code | define the organization's quideing values and create an enivronment that supports ethically sound behavior |
| Whistleblower | insiders who reports illegal or unethical behavior |
| Th Sarbanes-Oxley Act | legislation passed in 2002 that set new standards for ethical codes of conduct within organizaton |
| Corporate philanthropy | an individual society responsibility that includes charitable donations |
| Corporate responsibility | an indicator of social responsibility that includes the actions the company takes that could affect others |
| Corporate policy | the position a firm takes on social and political issues |
| Insider trading | insiders of company (such as employees) using private company information to further their own finanical situation |
| Pension | a promise made by a company to pay a monthly dollar amount to employees who have worked a minimum number of years |
| Social audit | a systematic evaluation of a company's progress toward implementing programs that are socially responsible |
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