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Y1U5 Legal and Ethical Issues
ME 2012 Chapter 6 Legal and Ethical Issues
Terms in this set (39)
Food and Drug Administration (FDA)
Regulates the labeling and safety of food, drugs, and cosmetics sold throughout the United States. (p. 140)
Consumer Product Safety Commission (CPSC)
Responsible for overseeing the safety of products such as toys, electronics, and household furniture. (p. 140)
Equal Employment Opportunity Commission (EEOC)
Responsible for the fair and equitable treatment of employees with regard to hiring, firing, and promotions. (p. 141)
Occupational Safety and Health Administration (OSHA)
Sets guidelines for workplace safety and environmental concerns and enforces those regulations. (p. 142)
Securities and Exchange Commission (SEC)
Regulator of the sale of securities (stocks and bonds). It is responsible for issuing licenses to brokerage firms and financial advisers and investigates any actions among corporations that affect the value of stock. (p. 142)
Environmental Protection Agency (EPA)
Protects human health and our environment. Its responsibilities include monitoring and reducing air and water pollution and overseeing recycling and hazardous waste disposal. (p. 142)
Federal Trade Commission (FTC)
Enforces the principles of a private-enterprise system and protects consumers from unfair or deceptive business practices. (p. 143)
An organization or system that is made up of many parts that work together. (p. 136)
A nonprofit organization that helps produce public service advertising campaigns for government agencies and other qualifying groups. (p. 148)
The persons (or committees or departments) who make up a body for the purpose of tending to or supervising something. (p. 137)
Better Business Bureau
Nonprofit organization that sets up self-regulation among businesses. Business members must "agree to follow the highest principles of business ethics and voluntary self-regulation, and have a proven record of marketplace honesty and integrity." (p. 150)
code of conduct
Acceptable behavior for specific business situations based on a company's code of ethics.
code of ethics
General principles or values, often social or moral, that guide an organization.
Document that states an employee will not share any company information with outsiders.
conflict of interest
When an employee has competing interests or loyalties.
How a company's owners and employees think, feel, and act as a business.
corporate social responsibility
Actions of a business to further social good.
Standard of appropriate behavior when using technology to communicate.
Exchange of information through electronic means.
Ability to use technology to locate, evaluate, communicate, and create information.
Guidelines for good behavior; the basic values and moral principles that guide the behavior of individuals and groups. (p. 150)
A system that allows workers to choose their work hours. (p. 147)
Software available at no charge that can be used at any time.
Advantage a business has due to its good reputation.
When companies engage in the production and promotion of environmentally safe products. (p. 149)
When an employee uses private company information to purchase company stock or other securities for personal gain.
Quality of being honest and fair.
Promoting the welfare of others, usually through volunteering, protecting resources, or donating money or products.
Using another's words without giving credit to the person who wrote them.
Pricing products unreasonably high when the need is great or when consumers do not have other choices. (p. 151)
Information a company wishes to keep private. Also known as trade secrets.
Copyrighted software that is available free of charge on a trial basis.
Behaving with sensitivity to social, economic, and environmental issues.
Electronic messages sent in bulk to people who did not give a company permission to e-mail them.
Working at home, usually on a computer. Employees can send completed tasks by e-mail or mail-in disk. (p. 147)
Reporting an illegal action of one's employer. (p. 153)
The actions and activities assigned to or required or expected of a person or group. (p. 147)
A plan or course of action, as of a business, intended to influence and determine decisions, actions, and other matters. (p. 147)
to act in certain ways. (p. 47)
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