BUS 200 Chapter Notes - Chapter 3: Corporate Social Responsibility, Insider Trading, Check Kiting
Business 200 chapter 3
individual standards or moral values regarding what is rights and wrong or good and bad
Business Ethics
ethical or unethical behaviors by a manager or employee of an organization
Managerial Ethics
Standards of behavior that guide individual managers in their work
conflict of interest
Occurs when an activity benefits the employee at the expense of the employer
How to assess ethical behavior
3 step: 1. Gather the relevant factual information 2. Determine the most appropriate moral
values 3. make an ethical judgment based on the rightness or wrongness of the activity or
policy
Corporate Social responsibility
the idea that a business should balance its commitment to individuals and groups that are
directly affects by the organization's activities
fair-trade movement
A movement designed to help workers in developing countries receive fair payments for their
work
Organizational Stakeholders
Groups, individuals and organizations that are directly affected by the practices of the
organization and therefore have a stake in its performance
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Document Summary
Business 200 chapter 3 individual standards or moral values regarding what is rights and wrong or good and bad. Business ethics ethical or unethical behaviors by a manager or employee of an organization. Standards of behavior that guide individual managers in their work conflict of interest. Occurs when an activity benefits the employee at the expense of the employer. Determine the most appropriate moral values 3. make an ethical judgment based on the rightness or wrongness of the activity or policy. Corporate social responsibility the idea that a business should balance its commitment to individuals and groups that are directly affects by the organization"s activities fair-trade movement. A movement designed to help workers in developing countries receive fair payments for their work. Groups, individuals and organizations that are directly affected by the practices of the organization and therefore have a stake in its performance examples of organizational stake holders.
