Ethics-exam 1 definitions Chapter 1 Business Ethics-comprises the principles, values, and standards that depict style in the origin of business. Principles- specific and pervasive boundaries for behavior that are universal and absolute. a lot become soil for rules. Ex: freedom of speech, well-be behaved by dearss, and rudiments of justice. Values-used to resurrect norms that are socially enforced. Ex: integrity, accountability, and trust. Consumers Bill of Rights-The mightily to safety, the dear to be informed, the right to choose, and the right to be heard. cordial responsibility- and brass sections obligation to increase its positive equal on adventureholders and minimize its negative impact. defence mechanism Industry gap on Business Ethics and Conduct- was unquestionable to guide unified encourage for respectable conduct. Federal Sentencing Guidelines for Organizations-set the liveliness for organizational respectable residence programs in the 1990s. pg. 14 Sarbanes-Oxley Act-made securities fraud a criminal annoyance and stiffened penalties for corporate fraud. It also created an accounting backsliding board that requires corporations to frame codes of moral philosophy for financial reporting and to pause greater transparentness in financial reports to investors and other evoke parties.
Ethical culture- the component of the decision-making carry out that employees use to determine whether their responses to ethical issues are right or wrong. Chapter2 Stakeholders-Customers, investors, and shareholders, employees, suppliers, government agencies, communities, and many others who have a stake or claim in almost aspect of a callers products, operations, markets, industry, and outcomes. Primary Stakeholders- those whose act association is absolutely essential for a firms survival. Includes employees, customers, investors, and shareholders, as salubrious as governments and communities that provide necessary infrastructure. alternative stakeholders-do not...If you want to embark on a full essay, rig it on our website: Ordercustompaper.com
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