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Key Terms & Glossary
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Below are the key terms featured in this chapter. Clicking on a term will reveal its definition. The textbook's full glossary is also available for online searching.
 
Compliance-based ethics codes  Ethical standards that emphasize preventing unlawful behaviour by increasing control and by penalizing wrongdoers
(See page(s) 132)
Corporate philanthropy  Dimension of social responsibility that includes charitable donations
(See page(s) 135)
Corporate policy  Dimension of social responsibility that refers to the position a firm takes on social and political issues
(See page(s) 136)
Corporate responsibility  Dimension of social responsibility that includes everything from hiring minority workers to making safe products
(See page(s) 136)
Corporate social responsibility  A business’s concern for the welfare of society as a whole
(See page(s) 135)
Ethics  Standards of moral behaviour; that is, behaviour that is accepted by society as right versus wrong
(See page(s) 126)
Insider trading  An unethical activity in which insiders use private company information to further their own fortunes or those of their family and friends
(See page(s) 139)
Integrity-based ethics codes  Ethical standards that define the organization’s guiding values, create an environment that supports ethically sound behaviour, and stress a shared accountability among employees
(See page(s) 132)
Social audit  A systematic evaluation of an organization’s progress toward implementing programs that are socially responsible and responsive
(See page(s) 143)
Whistleblowers  People who report illegal or unethical behaviour
(See page(s) 133)







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