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81 Cards in this Set
- Front
- Back
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Technology
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The totality of the means employed to provide objects necessary for human sustenance and comfort and scientific method used to achieve a practical purpose
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GMF
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Food, especially agricultural produce, that has been modified or engineered genetically; also called genetically engineered foods (GEFs)
Major U.S. crops that are genetically modified: • Sugar beets(95%) • Soybeans (91%) • Cotton (88%) • Corn (85%) |
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CPO
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An officer at a company responsible for developing Internet policies relating to electronic commerce and consumer privacy, helping their companies avoid consumer litigation, creating methods of handling consumer complaints, and assessing the risk of privacy invasion of company activities
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Cloning
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The creation of a genetic copy of an organism
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Bioethics
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An emerging field of ethics that deals with the ethical issues arising out of the commercial use of biotechnology
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Biotech
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Umbrella term for a range of technology related to biology and encompassing such things as deciphering the human genome and growing stem cells
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Technology +
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1. Increased production of goods and services
2. Reduced amount of labor needed to produce goods and services 3. Made labor easier and safer 4. Increased Productivity 5. Higher standards of living 6. Increased Life Expectancy |
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Technology -
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1. Environmental pollution
2. Depletion of natural resources 3. Technological unemployment 4. Creation of unsatisfying jobs |
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Determinism
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What can be developed will be developed.
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Lag
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When the speed of technological change far exceeds that of ethical development.
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Society’s “intoxication”
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We favor the quick fix.
We fear and worship technology. We blur the distinction between what is real and fake. We accept violence as normal. We love technology as a toy. We live our lives distanced and distracted. |
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Computer Privacy
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Identity theft
Unintentionally revealing information Lost/stolen personal information Fake Web sites Government distribution of information Broadcasting information over the Internet Victim of spying Cyberstalking |
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Cookies
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Identification tags that Web sites drop on our personal computer hard drives so they can recognize repeat visitors the next time we visit their Web sites.
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Spam
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Unsolicited commercial e-mail. It is sent through "open-relays" to millions of persons.
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Identity Theft
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Tampering with one’s financial accounts.
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Stem cell research
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Stem cell research is a developing technology that focuses on using undifferentiated cells therapeutically to treat human disease and injury. Stem cells are primitive or unspecialized cells that can assist in tissue repair and rejuvenation. When they divide, stem cells have the potential to become any type of cell needed, such as brain, blood or muscle cells.
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Genetic profiling
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Encrypted sets of numbers that reflect a person's DNA makeup, which can also be used as the person's identifier.
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Multinational Corporations (MNC)
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Corporations that operate with offices, factories, and headquarters in more than one country; also known as multinational enterprises or transnational corporations
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North American Free Trade Agreement (NAFTA)
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An agreement that brought under one economic zone the economies of the United States, Canada, and Mexico
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Internationalization
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A process by which firms increase their awareness of the influence of international activities on their future and establish and conduct transactions with firms from other countries; a firm may be internationalized but not “globalized”
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Globalization
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The global economic integration of many formerly national economies into one global economy
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Globalization Pros
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Open markets across the globe
Investors, consumers, employees, and environmentalists are better off Beneficial to poor and rich nations alike |
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Globalization Cons
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Expansion and greed of corporate enterprises
Globalization is responsible for destruction of environments and emerging economies, abuses of human rights, undermining of local cultures, and the sovereignty of nation-states Power of international bodies |
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Bribes
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Relatively large amounts of money given for the purpose of influencing officials to make decisions or take actions that they otherwise might not take.
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Grease Payments
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Money given to minor officials to expedite processes.
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Foreign Corrupt Practices Act
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Law passed in 1977 that made it a criminal offense for a representative of an American corporation to offer or give payments to the officials of other governments for the purpose of getting or maintaining business
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Strategies for improving Global Ethics
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Create global codes of conduct.
Integrate ethics into a global strategy. Suspend activities in host country. Create ethical impact statements and audits. |
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Industrial Policy
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State intervention that affects industry as a distinct part of the economy
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Regulation
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The act of governing, directing according to rule, or bringing under the control of law or constituted authority
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Social Regulation
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Government regulation that focuses on business’s impact on people, such as the Equal Employment Opportunity Commission and the Occupational Safety and Health Administration
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Privatization
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The process of turning over to the private sector a function previously handled by the government
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Business Beliefs
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Individualistic ethic
Maximizes concession to self-interest Minimizing the load of obligations society imposes on the individual (personal freedom) Emphasizes inequalities of individuals |
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Government Beliefs
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Collectivistic ethic
Subordinates individual goals and self-interest to group goals and group interests Maximizing obligations assumed by the individual and discourages self-interest Emphasizes equality of individuals |
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Interaction of govt., business, and public
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See Picture
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Lobbying
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The process of influencing public officials to promote or secure the passage or defeat of legislation
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Soft Money
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Donations made to political parties instead of to political candidates
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Grassroots
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The process of mobilizing individual citizens to political action
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Cyberadvocacy
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Using the Internet enable grassroots supporters to contact their legislators.
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Astroturf Lobbying/Grasstops Lobbying
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Fake groups largely created and funded by a professional organization or trade association.
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Political Action Committees (PAC’s)
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Groups of like-minded businesses using financial resources to influence government
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PAC’s Pro
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PACs are a reasonable means that business may use to organize their contributions to candidates for office.
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PAC’s Con
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PACs expect something in return other than good government and this can lead to differing treatment for
those who give and those who cannot, such as the poor. |
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Golden rule of politics
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It isn’t always about the Money
• Some issues don't have a money side to them, at least not an obvious one • Getting reelected is the most important thing. That takes votes. Money buys the votes, that's why it's so important. • Voters who are paying attention -- and especially voters who are organized -- will always trump the money. (There is hope...) But only if the members see it in their own interests to do it. |
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Product quality
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means different things to different people.
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Product Quality Dimensions
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Performance
Features Reliability Conformance Durability Serviceability Aesthetics Perceived Quality |
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Service quality
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Usually means that the service was performed as expected and on time.
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Safety
1800s |
Caveat Emptor
“Let the buyer beware” |
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Safety
1900s |
Caveat Vendor
“Let the seller take care” Why? Consumer is disadvantaged Seller has power and info. |
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Product Liability
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The sheer number of cases where products resulted in injury, illness, or death and the amount of the financial award.
We have become an increasingly litigious society. Rise in the doctrine of strict liability. |
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Doctrine of Strict Liability
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Anyone in the value chain of a product is liable for harm caused to the user if the product is unreasonably dangerous because of a defective condition.
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Consumer Product Safety Commission (CPSC)
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An independent regulatory agency created by the Consumer Product Safety Act of 1972 that works to reduce the risk of injuries or deaths from consumer products by developing and enforcing standards, banning or recalling products, conducting research, and informing and educating consumers
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Food and Drug Administration (FDA)
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A regulatory agency created by the Food and Drugs Act of 1906 responsible for protecting the public health through analysis, surveillance, and correction of food and drugs
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Total Quality Management (TQM)
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A management program in which all the functions of a business are integrated around concepts of quality, teamwork, productivity, customer understanding, and satisfaction
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Six Sigma
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A recent development within TQM that includes a broad array of strategies, methodologies, and techniques to improve quality and reduce costs; stresses the importance of customers as well as careful measurement
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NIMBY
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Acronym for “not in my backyard,” a reflection of human denial of responsibility for the misuse of the environment
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Endangered Species Act
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Federal law passed in 1973 to prevent harm to species considered endangered (facing extinction) or threatened (likely to become endangered)
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Sustainability
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The ability of a business to meet the needs of the present without compromising the ability of future generations to meet their own needs
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Triple Bottom Line
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Business reporting that covers not only economic but also social and environmental performance
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List and describe the eight major environmental issues
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Climate Change
Energy Water Biodiversity and Land Use Chemicals, Toxics, and Heavy Metals Air Pollution Waste Management Ozone Layer Depletion Oceans and Fisheries Deforestation |
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Climate Change
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Known as global warming
Increased possibility of swift and radical climactic changes Steady increase in Carbon Dioxide Emmissions |
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Climate Change
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Known as global warming
Increased possibility of swift and radical climactic changes Steady increase in Carbon Dioxide Emmissions |
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Energy
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A major environmental issue is energy inefficiency, wasting nonrenewable sources of energy.
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Water
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Rampant degradation of oceans and waterways.
World is facing water bankruptcy. |
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Biodiversity and Land Use
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The variation of life forms inside an ecosystem.
Human activity causing biodiversity to be reduced at 1,000 times higher than the natural rate. |
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Chemicals, Toxics, and Heavy Metals
Two main problems |
We are not always aware of the effects of exposure to chemicals.
Toxic substances can be associated with industrial accidents, causing unforeseen widespread biological damage. |
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Effects of Air Pollution
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Acid Rain
Global Warming Smog Depletion of the ozone layer Serious respiratory illnesses |
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Waste Management
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Reduce
Re-Use Recycle (Cradle to cradle) |
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Ozone Layer Depletion
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Ozone blocks dangerous ultraviolet radiation from the sun.
Decrease in stratospheric ozone comes from human use of CFCs and other chemicals. |
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Deforestation
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Adds to soil erosion problems and is a major contributor to the greenhouse effect.
Costs money. Plays a key role in global warming. |
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Cause Related Marketing
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A strategy by which a portion of the sale of a product goes to some specific, publicized philanthropic activity; raises money for the cause as well as sales of the product
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Outsourcing
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The relocation of a business process to a different company
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Benefits to company for encouraging volunteering
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Builds brand awareness and affinity
Strengthens trust and loyalty among consumers Enhances corporate image and reputation Improves employee retention Increases employee productivity and loyalty Provides and effective vehicle to reach strategic goals |
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Corporate Philanthropy
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Voluntary giving of financial resources by business
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Who companies give money to (major recipients)
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1. Health and human services
2. Education 3. Civic and community activities 4. Culture and the arts |
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Worker Adjustment and Retraining Notification Act (WARN act)
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Federal law requiring firms employing 100 or more workers to provide 60 days’ advance notice to employees before shutting down or conducting substantial layoffs
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Old Social Contract
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Job security
Life careers with one employer Stable positions/job assignments Loyalty to employer Paternalism Employee sense of entitlement Stable, rising income Job-related skill training Focus on individual accomplishments |
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New Social Contract
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Few tenure arrangements
Few life careers; changes common Temporary project assignments Loyalty to self Relationships far less familial Personal responsibility for one’s job future Pay for value added Employees in charge of own education Focus on team building and projects |
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Employee Rights
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Employee rights that come from employer promises
Fair Treatment Due Process Freedom of Speech |
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Due process
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The right to receive an impartial review of one’s complaints and to be dealt with fairly
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Employment at Will
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Belief based on the private property rights of the employer, holding that just as employees are free to quit a company anytime they choose, so the company may discharge an employee for any or no reason, as long as it does not violate any laws or contracts
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Whistle Blowing
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A former or current employee who exposes illegal or immoral practices under the control of their employers
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