BA 1500 Chapter Notes - Chapter 2: Consumerism, Mail And Wire Fraud
11 Sep 2016
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Document Summary
Business ethics- the principles and standards that determine acceptable conduct in business organizations. Social responsibility- a business"s obligation to maximize its positive impact and minimize its negative impact. Ethical issue- is an identifiable problem, situation, or opportunity that requires a person to choose from among several action that may be evaluated as right or wrong, ethical or unethical. Theft of time- not doing job related tacks. Conflict of interest- exists when a person must choose whether to advance his or her own personal interest or those of others. Codes of ethics- formalized rules and standards that describe what the company expects of its employees. 2010 congress passes dodd- frank act, this includes a whistleblower bounty program . Corporate citizenship- the extent to which businesses need legal, ethical, economic, and voluntary responsibilities placed on them by their various stakeholders. Consumerism- individuals use to protect their right and consumers.
