BUS-110-M1D Week 3 Chapter 4 Key Terms
BUS-110-M1D Week 3 Chapter 4 Key Terms BUS-110-M1D
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This 1 page Class Notes was uploaded by Ryan Notetaker on Tuesday August 30, 2016. The Class Notes belongs to BUS-110-M1D at 1 MDSS-SGSLM-Langley AFB Advanced Education in General Dentistry 12 Months taught by Leruth M. Sisson in Summer 2016. Since its upload, it has received 6 views. For similar materials see Introduction to Business in Business at 1 MDSS-SGSLM-Langley AFB Advanced Education in General Dentistry 12 Months.
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Date Created: 08/30/16
Ethics: right and wrong, good and bad Universal Ethical Standards: guidelines to people over a wide area or cultures Business Ethics: the way ethics apply in the business world Ethical Dilemmas: clash of morals Code of Ethics: digniﬁed document that states the ethics expected of the work place, as well as the expectations of the employees when making decisions Whistle-blowers: employees that relay illegal or immoral behavior to the media or authorities Stakeholders: people who own stakes in actions and performance of a business Consumerism: social movement; rights: safe, informed, to choose, to be heard, No Contribution: no responsibility to society; focus on legal requirements Responsive Contributions: time-to-time feel they have a responsibility to society Proactive Contributions: always feel they have a responsibility to society Planned Obsolescence: causing products to fail purposely to increase sales Sarbanes-Oxley Act: sets the high standards for public businesses and accounting agencies - limit conﬂicts and issues - ﬁnancial ofﬁcers - how valid the statement is Corporate Philanthropy: donates to nonproﬁt groups - Cause-related marketing Corporate Responsibility: actions of the business that contribute to society Sustainable Development: needs of this generation without hurting generations in the future Carbon Footprint: our “footprint” on the environment through our use of resources Green Marketing: products that will not cause harm to the environment Social Audit: how well a business is being run
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