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17 Cards in this Set
- Front
- Back
social audit
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A systematic evaluation of how well a firm is meeting its ethics and social responsibility goals.
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green marketing
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Developing and promoting environmentally sound products and practices to gain a competitive edge.
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corporate philanthropy
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All business donations to nonprofit groups, including money, products, and employee time.
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cause-related marketing
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Marketing parnterships between businesses and non profit organizations, designed to spike sales for the company and raise money for the nonprofit.
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corporate responsibility
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Business contributions to the community through the actions of the business itself rather than donations of money and time.
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sustainable development
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Doing business to meet the needs of the current generation, without harming the ability of future generations to meet their needs.
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planned obsolescence
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The strategy of deliberately designing products to fail in order to shorten the time between purchases.
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stakeholders
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Any groups that have a stake - or a personal interest - in the performance and actions of an organization.
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consumerism
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A social movement that focuses on four key consumer rights: (1) the right to be safe, (2) the right to be informed, (3) the right to choose, (4) the right to be heard.
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whistle-blowers
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Employees who report their employer's behavior to either the authorities or the media.
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social responsibility
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The obligation of a business to contribute to society.
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code of ethics
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A formal, written document that defines the ethical standards of an organization and gives employees the information they need to make ethical decisions across a range of situations.
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business ethics
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The application of right and wrong, good and bad in a business setting.
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ethical dilemma
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A decision that involves a conflict of values; every potential course of action has some significant negative consequences.
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universal ethical standards
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Ethical norms that apply to all people across a broad spectrum of situations.
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Ethics
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A set of beliefs about right and wrong, good and bad.
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Sarbanes-Oxley Act
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Federal legislation passed in 2002 that sets higher ethical standards for public corporations and accounting firms.
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