BUS 110- Chapter 2 Questions and answers with accurate rationales(PASSED)
Ethics - (ANSWER)beliefs about what is right and wrong or good and bad in actions that affect others
Ethical Behavior - (ANSWER)behavior conforming to generally accepted social norms conerning
beneficial and harmful actions
Unethical Behavior - (ANSWER)behavior that does not conform to generally accepted social norms
concerning beneficial and harmful actions
Business Ethics - (ANSWER)ethical or unethical behaviors by employees in the context of their jobs
Managerial Ethics - (ANSWER)standards of behavior that guide individual managers in their work
Social Responsibility - (ANSWER)the attempt of a business to balance its commitments to groups and
individuals in its environment, including customers, other businesses, employees, investors, and local
communities
Organizational Stakeholders - (ANSWER)those groups, individuals, and organizations that are directly
affected by the practices of an organization and who therefore have a stake in its performance
The Stakeholder Model of Responsibility - (ANSWER)1. customers 2. employees 3. investors 4. suppliers
5. the local communities
Consumerism - (ANSWER)form of social activism dedicated to protecting the rights of consumers in their
dealings with businesses
Collusion - (ANSWER)illegal agreement between two or more companies to commit a wrongful act
Whistle-Blower - (ANSWER)employee who detects and tries to end a company's unethical, illegal, or
socially irresponsible actions by publicizing them
Ethics - (ANSWER)beliefs about what is right and wrong or good and bad in actions that affect others
Ethical Behavior - (ANSWER)behavior conforming to generally accepted social norms conerning
beneficial and harmful actions
Unethical Behavior - (ANSWER)behavior that does not conform to generally accepted social norms
concerning beneficial and harmful actions
Business Ethics - (ANSWER)ethical or unethical behaviors by employees in the context of their jobs
Managerial Ethics - (ANSWER)standards of behavior that guide individual managers in their work
Social Responsibility - (ANSWER)the attempt of a business to balance its commitments to groups and
individuals in its environment, including customers, other businesses, employees, investors, and local
communities
Organizational Stakeholders - (ANSWER)those groups, individuals, and organizations that are directly
affected by the practices of an organization and who therefore have a stake in its performance
The Stakeholder Model of Responsibility - (ANSWER)1. customers 2. employees 3. investors 4. suppliers
5. the local communities
Consumerism - (ANSWER)form of social activism dedicated to protecting the rights of consumers in their
dealings with businesses
Collusion - (ANSWER)illegal agreement between two or more companies to commit a wrongful act
Whistle-Blower - (ANSWER)employee who detects and tries to end a company's unethical, illegal, or
socially irresponsible actions by publicizing them
