Business Chapter 4

The obligation to do what's best for the welfare of society

• business ethics

• social responsibility

• ethics

• conflict of interest

The rules that govern how we do business

• ethics

• business ethics

• social responsibility

A profession's or company's set of guidelines for upholding ethical behaviors

• code of ethics

• ethics

• rules

• conflict of interest

The moral principles by which people conduct themselves personally, socially, or professionally

• code of ethics

• ethics

• social behaviors

• equal principles

A federal law that requires that men and woman be paid the same wages fir doing equal work

• fair wages

• equal pay act

• social rights

• sweatshops

Factories that pay poorly, have unsafe working conditions, and treat workers badly

• code of ethics

• sweatshops

• poor ethics

• unfair behaviors

Professional groups such as doctors and lawyers have their own code of ethics

• T

• F

Businesses that do not regulate themselves are able to operate more freely

• T

• F

All unethical business practices are covered by the law

• T

• F

To make up for losses due to consumer and employee theft, business have to charge more for their products.

• T

• F