Insider Trading
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Using confidential information to gain from the purchase or sale of stock is
called insider trading. The trader uses information not available to the
general investor by either buying stock just before its price goes up or
selling stock just before its price goes down.
Business ethics
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Ethical or unethical behaviours by a manager or employee of a business
,The right to be heard.
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Procter & Gamble puts a toll-free number on many of its products so that
consumers can call if they have questions or complaints. Many other
retailers offer money-back guarantees if consumers are not happy with
their purchase
BEHAVIOUR TOWARD OTHER ECONOMIC AGENTS
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Ethical disputes may arise in the relationships between a company and its
customers, competitors, shareholders, suppliers, dealers, and unions.
Difficulties may also arise because business practices vary globally. In
some countries, bribes are a normal part of doing business, but in Canada
(and increasingly in other countries as well), bribes are seen as clearly
unethical and illegal.
Managerial ethics
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Standards of behaviour that guide individual managers in their work.
INFORMAL ACTIVITIES - whistle blowing
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Whistle-blowing behaviour by employees is another facet of informal
activities that can enhance social responsibility (even though some
members of top management may view such behaviour negatively). How
an organization responds to whistle-blowing gives some insight into its
actual stance on social responsibility.
Corporate social responsibility (CSR)
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The idea that a business should balance its commitments to individuals and
groups that are directly affected by the organization's activities.
Companies that strive to be socially responsible usually concentrate on the following
stakeholders:
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(1) customers, (2) employees, (3) investors, (4) suppliers, and (5) the local
communities where they do business. They also show concern for
protecting the natural environment.
Whistle-Blowers
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Using confidential information to gain from the purchase or sale of stock is
called insider trading. The trader uses information not available to the
general investor by either buying stock just before its price goes up or
selling stock just before its price goes down.
Business ethics
Give this one a try later!
Ethical or unethical behaviours by a manager or employee of a business
,The right to be heard.
Give this one a try later!
Procter & Gamble puts a toll-free number on many of its products so that
consumers can call if they have questions or complaints. Many other
retailers offer money-back guarantees if consumers are not happy with
their purchase
BEHAVIOUR TOWARD OTHER ECONOMIC AGENTS
Give this one a try later!
Ethical disputes may arise in the relationships between a company and its
customers, competitors, shareholders, suppliers, dealers, and unions.
Difficulties may also arise because business practices vary globally. In
some countries, bribes are a normal part of doing business, but in Canada
(and increasingly in other countries as well), bribes are seen as clearly
unethical and illegal.
Managerial ethics
Give this one a try later!
Standards of behaviour that guide individual managers in their work.
INFORMAL ACTIVITIES - whistle blowing
, Give this one a try later!
Whistle-blowing behaviour by employees is another facet of informal
activities that can enhance social responsibility (even though some
members of top management may view such behaviour negatively). How
an organization responds to whistle-blowing gives some insight into its
actual stance on social responsibility.
Corporate social responsibility (CSR)
Give this one a try later!
The idea that a business should balance its commitments to individuals and
groups that are directly affected by the organization's activities.
Companies that strive to be socially responsible usually concentrate on the following
stakeholders:
Give this one a try later!
(1) customers, (2) employees, (3) investors, (4) suppliers, and (5) the local
communities where they do business. They also show concern for
protecting the natural environment.
Whistle-Blowers
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