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Flashcards in Business Ethics And Society Deck (99)
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Absenteeism

When an employee is chronically absent from work

1

Act utilitatianism

A person examines a situation, considers all the possible actions they could take and decides which one would end most favorably for all involved

2

Affirmative action

Programs which seek to reduce or reverse the effects of past discrimination

3

Alien tort claims act

Allows foreign citizens to bring a citizen of the united states to trial in the united states

4

Bipartisan campaign reform act

(BCRA) designed to limit the use of soft money in political campaigns

5

Body language

The way thats people's bodies are used in communication, such as through gestures, poses or facial expressions.

6

Bribe

An attempt to influence someone to make a decision they wouldn't normally make

7

Caux round table

A swiss organization which works to create awareness in business and teaches strategies to maintain a minimum ethical standard

8

CEO

Chief Executive Officer. Responsible for running the company, but must report to the board of directors.

9

CFO

Chief Financial Officer. Responsible for managing budgets, investments and financial goals.

10

Child labor laws

Any law which regards the labor standards affecting persons under 18.

11

CIO

Chief information officer. Responsible for managing a company's information systems

12

Civil rights act

Act which provides protection against discrimination.

13

Command and control regualtion

Regulations which dictate how a company should manage certain processes that pollute the environment

14

Conflict diamonds

Diamonds which are mined and sold by groups or countries to fund insurrections.

15

Conflict of interest

When a person has multiple roles or interests which influence each other

16

Consequentialism

A term encompassing any moral theory which bases morality on the consequence of an action

17

Conventional morality

A persons main goal is conforming to societal norms and values and bases morality on what is expected of them

18

Cookie

Used to track a persons information and preferences while they are on the internet.

19

Corporate social responsibility

The consideration of large companies about well being of society when they make business decisions

20

Deontological ethics

Claims that the morality of an action is determined by the morality of the action itself - regarding of the consequence

21

Discrimination

Treating a person differently on a basis of race, color, religion, gender or other factors.

22

Dukes vs wal-mart

Dukes unsuccessfully attempt to sue wal-mart for discrimination against women

23

Economical ethics

Ethics regarding business and money related issues.

24

Economics

The study of all of the markets over a particular geographic area

25

Enron

Company which hid billions of dollars in debt through dishonest accounting practices

26

Environmental justice

A move toward equality among races in issues relating to environmental hazards

27

Environmental Protection Agency

(EPA) works to protect workers through regulating environmental factors

28

Environmental racism

When environmental hazards affect different races disproportionately

29

Equal Employment Opportunity Commission

A federal agency which investigates violations of the civil rights act