RSM100Y1 Chapter 2: ch02_study_guide

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Document Summary

Standards of conduct and moral values governing the actions and decisions in the work environment. The enhancement of society"s welfare through philosophies, policies, procedures, and actions. Companies realize that they have to work harder to earn the trust of the general public. This movement toward corporate social responsibility should benefit all consumers, the environment, and the companies themselves. American federal regulation designed to deter and punish corporate accounting fraud and corruption and to protect the interests of workers and shareholders through enhanced financial disclosures, criminal penalties, and safeguards. Known as c-sox, it is the canadian version of. As executives, managers, and employees demonstrate their personal ethical principles, or lack of principles, the expectations of those who work for and with them can change. Individuals" moral and ethical development is the result of multiple factors. Every individual is shaped by their experiences and their response to different situations.

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