BUS 201 Study Guide - Cheque, Consumer Protection, Insider Trading

• School: Simon Fraser University
• Department: Business Administration
• Course: BUS 201
• Professor: Peter Tingling

Document Summary

Managerial ethics: the standards of behaviour that guide individual managers in their works, behaviour towards employees, behaviour towards the organizations. Conflict of interests, when an activity benefits an individual at the expense of the employer: behaviour towards other economic agents. Assessing ethical behaviour: gather the relevant factual information, determine the most appropriate moral values, make an ethical judgement based on the rightness or wrongness of the proposed activity or policy. Social responsibility: corporate social responsibility, the way in which business tries to balance its commitments to organizational stake holders, managerial capitalism, a company"s only social responsibility is to make as much money as possible for its shareholders. Responsibility toward customers: consumer rights, consumerism is a movement dedicated to protecting the rights of consumer in their dealings with business. The right to be informed about all relevant aspects of a product. The right to choose what they buy. The right to be educated about purchases.