INTRO TO BUSINESS - CHAPTER 4 REVIEW

Front

What are moral principles that governs behavior?

Back

ethics

Front

What is a guide of principles designed to help professionals conduct business honestly and with integrity?

Back

code of ethics

Front

When a company contributes to society in a positive way, this is called

Back

social responsibility

Front

A decision that involves a conflict of values; every potential course of action has some significant negative consequences.

Back

Ethical dilemma

Front

Employees who report their employer’s illegal or unethical behavior to either the authorities or the media.

Back

Whistleblower

Front

The obligation of a business to contribute to society.

Back

Social responsibility

Front

Any groups that have invested interest or a personal gain—in the performance and actions of an organization.

Back

Stakeholders

Front

Federal legislation passed in 2002 that sets higher ethical standards for public corporations and accounting firms. Key provisions limit conflict-of-interest issues and require financial officers and CEOs to certify the validity of their financial statements.

Back

Sarbanes-Oxley Act

Front

What does the Sarbanes-Oxley Act of 2002 require a chief financial officer to do?

Back

Guarantee the accuracy of financial reporting

Front

a natural resource that cannot be replaced when used up

Back

non-renewable resource