Business and Ethics Terminology: A Comprehensive Glossary, Quizzes of Introduction to Business Management

Download Business and Ethics Terminology: A Comprehensive Glossary and more Quizzes Introduction to Business Management in PDF only on Docsity! TERM 1 Americans with Disabilities Act DEFINITION 1 Passed by the U.S. in 1992, act that prohibits discrimination against the disabled TERM 2 blended value DEFINITION 2 the idea that all investments are understood to operate simultaneously in both economic and social realms TERM 3 code of ethics DEFINITION 3 a formal written set of ethical standards that guide an organizations actions TERM 4 competitors DEFINITION 4 people or organizations that compete for customers or resources TERM 5 corporate social responsibility DEFINITION 5 the notion that corporations are expected to go above and beyond following the law and making a profit, to take actions taht will benefit the interests of society as well as of the organization TERM 6 customers DEFINITION 6 those who pay to use an organizations goods or services TERM 7 demographic forces DEFINITION 7 influences on an organiztion arising from changes in the characteristics of a population such as age gender ethnic origin and so on TERM 8 distributer DEFINITION 8 a person or an organization that helps another organization sell its goods and services to customers TERM 9 diversity DEFINITION 9 all the ways people are unlike and alike- the differences and similarities in age, gender, race, religion, ethnicity, sexual orientation, capabilities, and socioeconomic background TERM 10 ethnocentrism DEFINITION 10 belief that ones native country culture language abilities and or behavior are superior to thsoe of another culture TERM 21 internal stakeholders DEFINITION 21 employees owners, and the board of directors, if any TERM 22 international forces DEFINITION 22 changes in the economic, political, legal, and technological global system that may affect an organization TERM 23 justice approach DEFINITION 23 one of four approaches to solving ethical dilemmas; ethiccal behavor is guided by respect for impartial standards of fairness and equity TERM 24 macroenvironment DEFINITION 24 also called general environment TERM 25 moral-rights approach DEFINITION 25 one of four approaches to solving ethical dilemmas; ethical behavior is guided by respect for the fundamental right of human beings TERM 26 owners DEFINITION 26 those who can claim the organization as their legal property TERM 27 personality DEFINITION 27 the stable psycholodical traits and behavioral attributes that give a person his or her identitiy TERM 28 philanthropy DEFINITION 28 Act of making charitable donations to benefit humankind TERM 29 political-legal forces DEFINITION 29 changes in the way oolitics shape laws and lws shape the opportunites for and threats to an organization TERM 30 sarbanes-oxley Act of 2002 DEFINITION 30 act establishing requirements for proper financial record keeping for public companies and pelalties for noncompliance TERM 31 social responsibility DEFINITION 31 managers duty to take action that will benefit societys interest as well as the organizations TERM 32 sociocultural forces DEFINITION 32 influences and trends originateing in a country, society, or culture; human relationships and values that may affect an organization TERM 33 special-interest groups DEFINITION 33 groups whose memebers try to influence specific issues TERM 34 stakeholders DEFINITION 34 people whose interest are affected by an organizations activities TERM 35 strategic allies DEFINITION 35 describes the relationship of two organizations that join forces to achieve advantages that neither can perform as well alone