Ethical Decision Making Business Ethics Exam Preparation/Business Ethics Ethical Decision Making
Business Ethics Practice Exam With Complete Questio
Business Ethics - (ANSWER)comprises the principles, values, and standards that guide behavior in the
business world
Principles - (ANSWER)are specific and pervasive boundaries for behaviors that are universal and
absolute
Values - (ANSWER)used to develop norms that are socially enforced.
Consumer Bill of Rights - (ANSWER)1962 JFK said four basic rights: safety, informed, choose, be heard
Social Responsibility - (ANSWER)an organization's obligation to maximize its positive impact on
stakeholders and minimize its negative impact economic legal ethical and philanthropic
Federal Sentencing guidelines for Organizations - (ANSWER)approved by congress in November 1991
follow standards and you won't be held responsible if wrongdoing is found
Defense Industry Initiatives - (ANSWER)1986 guide corporate support for ethical conduct
Sarbanes Oxley - (ANSWER)ethics reform in 2002, increased accounting regulations, CEO and chief
financial officer held personally responsible in ethical wrongdoing
didd-frank wall street reform and consumer protection act 14 - (ANSWER)addressed some of the issues
related to the financial crisis and recession, designed to make the financial services industry more
ethical and responsible. Required regulators to create hundreds of rules to promote financial stability,
improve accountability and transparency, and protect consumers from abusive financial practices
Ethical Culture - (ANSWER)the character of the decision making process that employees use to
determine whether their responses to ethical issues are right or wrong
Stakeholders - (ANSWER)have a stake in the company and its outcomes
, Business Ethics Ethical Decision Making Business Ethics Exam Newest Exam / Business Ethics
Ethical Decision Making Business Ethics Exam Preparation/Business Ethics Ethical Decision Making
Business Ethics Practice Exam With Complete Questio
Stakeholder Orientation - (ANSWER)the degree to which a firm understands and addresses stakeholder
demands. generate data. Distribution of information. Organizations responsiveness
primary stakeholder - (ANSWER)those whose continued association is absolutely necessary for a firm's
survival including employees, customers, investors, and shareholders
secondary stakeholder - (ANSWER)do not typically engage in transactions with a company are therefore
not essential to its survival including media, trade associations, and special interest groups
stockholder interaction model - (ANSWER)relationship between businesses and stakeholders
cooperate citizenship - (ANSWER)is often used to express the extent to which businesses strategically
meet the economic, legal, ethical, and philanthropic responsibilities placed on them by various
stakeholders
reputation - (ANSWER)one of an organization's greatest intangible assets with tangible value
corporate governance - (ANSWER)involves the development of formal systems of accountability,
oversight, and control
shareholder model of corporate governance - (ANSWER)founded in classical economic precepts,
including the goal of maximizing wealth for investors and owners
stakeholder model of corporate governance - (ANSWER)adopts a broader view of the purpose of
business. Although a company certainly has a responsibility for economic success and viability to satisfy
its stockholders, it must also answer to other stakeholders
interlocking directorate - (ANSWER)the concept of board members being linked tumor than one
company
execute compensation - (ANSWER)one of the biggest issues of corporate boards of directors face.