Business Ethics and Social Responsibility

Front

Define business ethics.

Back

Business ethics refers to the principles and standards that determine acceptable conduct in business.

Front

Identify the types of ethical concerns in the business world.

Back

Ethical concerns in business include issues like fraud, discrimination, and environmental impact.

Front

Analyze current employment practices counteracting past abuses.

Back

Current practices include diversity initiatives, fair labor standards, and anti-discrimination policies.

Front

Business Ethics

Back

The application of moral standards to business situations.

Front

What do stakeholder groups exert on an organization’s managers?

Back

Specific concerns and pressure.

Front

Commitment in Agreements

Back

Not meeting commitments in a mutual agreement can lead to ethical issues.

Front

Occurrence of Conflict of Interest

Back

Occurs when a businessperson takes advantage of a situation for personal interest rather than the employer’s interest.

Front

Payments and Gifts in Business

Back

May lead to conflicts of interest when they make their way into business deals.

Front

Level of Ethical Behavior

Back

Influenced by individual, social, and opportunity factors

Front

Personal Goals

Back

Manner in which goals are pursued