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Questions and Answers
What does compliance-based ethics codes emphasize?
What does compliance-based ethics codes emphasize?
What is corporate philanthropy?
What is corporate philanthropy?
Charitable donations
What does corporate policy refer to?
What does corporate policy refer to?
Position on social and political issues
What is corporate responsibility?
What is corporate responsibility?
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What are corporate social initiatives?
What are corporate social initiatives?
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What does corporate social responsibility signify?
What does corporate social responsibility signify?
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What are ethics?
What are ethics?
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What is insider trading?
What is insider trading?
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What are integrity-based ethic codes?
What are integrity-based ethic codes?
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What is a social audit?
What is a social audit?
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Who are whistleblowers?
Who are whistleblowers?
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Study Notes
Compliance Based Ethics Codes
- Focus on preventing unlawful behavior.
- Involves increased monitoring and penalizing offenders.
Corporate Philanthropy
- Represents a dimension of social responsibility.
- Involves charitable contributions and donations.
Corporate Policy
- Reflects a firm's stance on social and political matters.
- Part of a company's social responsibility framework.
Corporate Responsibility
- Encompasses actions like hiring minority workers.
- Includes ensuring product safety and consumer well-being.
Corporate Social Initiatives
- An advanced form of corporate philanthropy.
- Relates closely to a company's core competencies and strengths.
Corporate Social Responsibility (CSR)
- Represents a business's commitment to societal welfare.
- Highlights the importance of ethical operations within the community.
Ethics
- Standards of moral behavior agreed upon by society.
- Defines what is considered right versus wrong in a cultural context.
Insider Trading
- An unethical practice leveraging confidential company information.
- Individuals use this knowledge for personal gain, affecting fairness in the market.
Integrity Based Ethic Codes
- Establishes organizational values and ethical standards.
- Promotes an environment fostering ethical behavior and collective accountability among employees.
Social Audit
- A thorough assessment of a company's social responsibility efforts.
- Evaluates progress toward implementing socially responsive programs.
Whistleblowers
- Individuals who expose illegal or unethical conduct within organizations.
- Play a crucial role in maintaining ethical standards and accountability.
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Description
Test your knowledge with these flashcards from BUS300 Chapter 4. Focus on understanding key concepts such as compliance-based ethics and corporate philanthropy. Perfect for quick revision or deeper learning of business ethics principles.
