33:011:100 Chapter Notes - Chapter 2: Green Marketing, False Advertising, Product Liability

• School: Rutgers University
• Department: Administrative Studies
• Course: 33:011:100
• Professor: Professor Reaves

Document Summary

Business ethics: standards of conduct and moral values regarding right and wrong actions in a company or work environment. Code of ethics (aka credo): a document outlining the mission and values of a company. It details how people are supposed to approach problems. Standards you have about what is ethical or not. Price fixing: when a group of companies agree to set a products price. Sarbanes-oxley act of 2002: federal legislation that established new rules to deter and punish corporate and accounting fraud, it also protects workers and shareholders through financial disclosure. This act also helps protect whistleblowers, in the sense that you can"t retaliate against someone for telling public officials of a concern. False claims act: whistleblowers can file lawsuits for government if they believe company- defrauded government. Unethical behavior: when someone puts his or her interests ahead of a company"s. This can be abuse of resources, misreporting time worked, internet abuse, and safety violations.