BAM101-Ch.2-Business Ethics-Keywords

The practice of charitable giving by corporations; includes contributing cash, donating equipment and products, and supporting the volunteer efforts of company employees.

• Corporate philanthropy

• Code of ethics

A set of guidelines prepared by a firm to provide its employees with the knowledge of what the firm expects in terms of their responsibilities and behavior toward fellow employees, customers, and suppliers.

• Corporate social responsibility (CSR)

• Code of ethics

A set of moral standards for judging whether something is right or wrong.

• ethics

• justice

Individuals or groups to whom a business has a responsibility; include employees, customers, the general public, and investors.

• stakeholders

• arbitrators

The ability of a society or company to continue to operate without compromising the planet’s environmental condition in the future.

• Sustainability

• Strategic giving

A person who exposes any kind of information that reveals illegal, unethical, or not correct activity within an organization that is either private or public.

• Whistleblower

• Whistle follower

A situation where a person must choose from a set of actions that may be ethical or unethical.

• ethical issue

• government issue

The concern of businesses for the welfare of society as a whole; consists of obligations beyond those required by law or contracts.

• Corporate social responsibility (CSR)

• Code of ethics