D072 Fundamentals For Success In Business at Western Governors University | Flashcards & Summaries

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TESTE DEIN WISSEN
Define ethics.
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Principles that serve as a compass about how to behave and to know right from wrong and know when you are practicing one and not the other.
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Define legal.
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TESTE DEIN WISSEN
An act that is allowed or is in conformity with the law of the land.
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Define values.
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TESTE DEIN WISSEN
Stable, enduring goals that a person has for life.
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TESTE DEIN WISSEN
Define morals.
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TESTE DEIN WISSEN
Set of rules that individuals develop based on cultural norms and reliefs.
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TESTE DEIN WISSEN
Define organizational ethics.
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TESTE DEIN WISSEN
A branch of applied ethics that focuses on rules, principles, and standards in the context of business activities.
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TESTE DEIN WISSEN
What are the 4 main levels of ethical issues?
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Societal issues, stakeholder issues, internal policy issues, and personal issues.
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What is code of ethics?
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TESTE DEIN WISSEN
Guide that publicly sets out an organization's key values and ethical obligations.
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TESTE DEIN WISSEN
Define greenwashing.
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TESTE DEIN WISSEN
When organizations care about CSR missions in an inauthentic way using them to increase publicity rather than to spur real change.
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Define internal transparency. 
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TESTE DEIN WISSEN
Degree to which an organization operates with openness communication and accountability.
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TESTE DEIN WISSEN
Why was Sarbanes-Oxley Act (SOX) passed?
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TESTE DEIN WISSEN
Law aimed at improving corporate transparency by requiring clear reporting practices SOX was passed and response to several highly publicized corporate fraud cases. This law mandates reporting transparency and areas ranging from finance to counting discipline chain activities. Essentially SOX makes it both unethical and illegal to deceive shareholders,  creditors, and the public at large.
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TESTE DEIN WISSEN
Who is considered a whistle blower?
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Those who tell the public or the authorities about alleged misconduct occurring in a government department, private company, or organization.
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TESTE DEIN WISSEN
Define organizational culture.
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TESTE DEIN WISSEN
The shared values, beliefs, and norms of an organization that effect the strategies and operating procedures of the business.
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Beispielhafte Karteikarten für deinen D072 Fundamentals for Success in Business Kurs an der Western Governors University - von Kommilitonen auf StudySmarter erstellt!

Q:
Define ethics.
A:
Principles that serve as a compass about how to behave and to know right from wrong and know when you are practicing one and not the other.
Q:
Define legal.
A:
An act that is allowed or is in conformity with the law of the land.
Q:
Define values.
A:
Stable, enduring goals that a person has for life.
Q:
Define morals.
A:
Set of rules that individuals develop based on cultural norms and reliefs.
Q:
Define organizational ethics.
A:
A branch of applied ethics that focuses on rules, principles, and standards in the context of business activities.
Mehr Karteikarten anzeigen
Q:
What are the 4 main levels of ethical issues?
A:
Societal issues, stakeholder issues, internal policy issues, and personal issues.
Q:
What is code of ethics?
A:
Guide that publicly sets out an organization's key values and ethical obligations.
Q:
Define greenwashing.
A:
When organizations care about CSR missions in an inauthentic way using them to increase publicity rather than to spur real change.
Q:
Define internal transparency. 
A:
Degree to which an organization operates with openness communication and accountability.
Q:
Why was Sarbanes-Oxley Act (SOX) passed?
A:
Law aimed at improving corporate transparency by requiring clear reporting practices SOX was passed and response to several highly publicized corporate fraud cases. This law mandates reporting transparency and areas ranging from finance to counting discipline chain activities. Essentially SOX makes it both unethical and illegal to deceive shareholders,  creditors, and the public at large.
Q:
Who is considered a whistle blower?
A:
Those who tell the public or the authorities about alleged misconduct occurring in a government department, private company, or organization.
Q:
Define organizational culture.
A:
The shared values, beliefs, and norms of an organization that effect the strategies and operating procedures of the business.
D072 Fundamentals for Success in Business

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