What term refers to the way in which a business tries to balance its commitments to groups and individuals in its social environment?

What term refers to the way in which a business tries to balance its commitments to groups and individuals in its social environment?

Social responsibility refers to the way in which a business tries to balance its commitments to groups and individuals in its social environment.

Which of the following groups is not considered an organizational stakeholder?

Customers, Executives, and Employees are all stakeholders, not unions. Executive officers are never part of an organizational stakeholder. Executive officers are never part of an organizational stakeholder. This is following the fact that a stakeholder is any given party that is seen to be having an interest in a firm.

What is the term for an employee who discovers an illegal or unethical activity and tries to put an end to it group of answer choices?

whistle blower. employee who detects and tries to put an end to a company’s unethical,illegal,or socially irresponsible actions by publicizing them.

When defining its sense of social responsibility a firm typically confronts what areas of concern?

When defining its sense of social responsibility, a firm typically confronts four area of concern: Environment, Customers, Employees, and Investors. 10. State the Consumer Bill of Rights: 1. Consumers have a right of safe products.

What is the first step in assessing ethical behavior?

The authors offer eight steps to integrate these three types of analysis: (1) Gather the Facts, (2) Define the Ethical Issues, (3) Identify the Affected Parties, (4) Identify the Consequences, (5) Identify the Obligations, (6) Consider Your Character and Integrity, (7) Think Creatively about Potential Actions, and (8) …

Which of the following groups would be considered stakeholders?

Typical stakeholders are investors, employees, customers, suppliers, communities, governments, or trade associations. An entity’s stakeholders can be both internal or external to the organization.

What is the meaning of whistle blowing?

Whistleblowing is the term used when a worker passes on information concerning wrongdoing. In this guidance, we call that “making a disclosure” or “blowing the whistle”. The wrongdoing will typically (although not necessarily) be something they have witnessed at work.

What is the most effective step that a company can take to set ethical standards?

1. Develop Ethical Standards. An integral first step is to formalize your expectations and make it clear about which behaviors are and aren’t acceptable. If you haven’t done so already, create a code of ethics section in your employee handbook that outlines proper business conduct.

Which of the following is deemed as the single most effective step an organization can take in order to encourage ethical behavior in the workplace?

Which of the following is deemed as the single MOST effective step an organization can take in order to encourage ethical behavior in the​ workplace? Demonstrate top management support of ethical standards.

What is it called when two or more firms agree to collaborate on wrongful acts?

collusion. When two or more firms agree to collaborate on such wrongful acts as price fixing.

What term refers to the way in which business tries to balance?

social responsibility. refers to the overall way in which a business attempts to balance its commitments to relevant groups and individuals in its social environment.

What are the ethical challenges for business that works in a globalized world?

Some of the most common ethical issues in international business include outsourcing, working standards and conditions, workplace diversity and equal opportunity, child labor, trust and integrity, supervisory oversight, human rights, religion, the political arena, the environment, bribery and corruption.

How do you Whistleblow?

Making your claim anonymously or confidentially You can give your name but request confidentiality – the person or body you tell should make every effort to protect your identity. If you report your concern to the media, in most cases you’ll lose your whistleblowing law rights.

What is the result of two or more firms collaborating on a wrongful act such as price fixing group of answer choices?

What is collusion? Collusion occurs when two or more parties agree to collaborate on such wrongful acts as price fixing; price fixing occurs when firms illegally control supplies and prices of products.