Business Ethics and Social Responsibility Q3

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Questions and Answers

What is the title of the module?

Code of Ethics in Business

What is the overall theme of the module?

Business Ethics and Social Responsibility

What does the acronym 'ADM' stand for in this context?

Alternative Delivery Mode

Flashcards

Code of Ethics

A set of principles and guidelines that outline acceptable behavior for individuals and organizations within a business.

Business Ethics

The study of moral principles and values that guide decision-making in business.

Social Responsibility

The responsibility of a company to operate in a way that benefits society and the environment.

Social Responsibility Initiative

A specific action taken by a company to demonstrate their commitment to social responsibility.

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Ethical Values

Values that shape the ethical decision-making within a business.

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Ethical Decision-Making Model

A framework that helps businesses identify and address ethical dilemmas.

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Stakeholder Analysis

The process of considering the potential impact of a business decision on all stakeholders.

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Environmental Responsibility

The responsibility of businesses to operate in a way that minimizes harm and maximizes positive contributions to the environment.

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Employee Responsibility

The responsibility of businesses to pay fair wages, provide safe working conditions, and promote equal opportunities for employees.

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Market Responsibility

The responsibility of businesses to engage in fair competition and uphold legal compliance.

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Study Notes

Business Ethics and Social Responsibility

  • This is a module about codes of ethics in business
  • It is part of Quarter 3
  • The module is from an alternative delivery mode (ADM)

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