Ch2

Business ethics standards of business conduct and moral values.

Conflict of interest situation in which a business decision may be influenced by the potential for personal gain.

Whistleblowing employee’s disclosure to government authorities or the media of illegal, immoral, or unethical practices committed by an organization.

Code of conduct formal statement that defines how the organization expects and requires employees to resolve ethical issues.

Social responsibility management’s acceptance of the obligation to consider profit, consumer satisfaction , and societal well-being of equal value in evaluating the firm’s performance.

Recycling reprocessing of used materials for reuse.

Green marketing marketing strategy that promotes environmentally safe products and production methods.

Corporate philanthropy act of an organization giving something back to the communities in which it earns profits.

Consumerism public demand that a business consider the wants and needs of its customers in making decisions.

Sexual harassment inappropriate actions of a sexual nature in the workplace.