Term
| What are Business Ethics? |
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Definition
| The standards of conduct and moral values governing actions and decisions in the work environment. |
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Term
| What are the social issues businesses have to take into account? |
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Definition
| How will a decision affect the environment, customers, and employees. |
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Term
| What is social responsibility? |
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Definition
| The philosophies, policies, procedures, and actions that enhance society’s welfare. |
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Term
Through ethics and social
responsibility, businesses find the balance between doing what is _____ and doing what is __________. |
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Definition
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Term
True or False
In business, as in life, deciding what is right or wrong is not always clear cut. |
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Definition
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Term
True or False
A company does not have responsibility to any group. |
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Definition
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Term
| What groups does a company have responsibilities to? |
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Definition
| Its consumers, employees, investors, and society as a whole. |
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Term
True or False
Conflicts can not arise in trying to serve the different needs of each
group. |
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Definition
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Term
| The _________ of staff at all levels, not just executives, shape a firm’s decisions and actions. |
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Definition
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