general business data bank

16. Management's obligation to make choices that will contribute to the well being of both the organization and society is known as __________.

17. A(n) _________ is any group within or outside the organization that has a stake in the organization's performance.

18. __________ refers to interacting with the community in which a company does business in a way that makes money for the company but also improves the long-term well-being of the community.

19. ___________ responsibility is purely voluntary and guided by a company's desire to make social contributions not mandated by economics, law, or ethics.

20. A(n) __________ is a formal statement of the company's values concerning ethics and social issues; it communicates to employees what the company stands for.

21. __________ generally outline the procedures to be used in specific ethical situations, such as marketing practice, conflicts of interest, and observance of laws.

22. A group of executives assigned to oversee the organization's ethics by ruling on questionable issues and disciplining violators is referred to as a(n) _________.

23. __________ programs help employees deal with ethical questions and translate the values stated in a code of ethics into everyday behavior.

24. Employee disclosure of illegal organization activities is known as ________.

25. The relationship between social responsibility and financial performance has been shown to be __________.

26. The ________ approach to ethical decision making sidesteps debates about what is right, good, or just and bases decisions on prevailing standards of the profession and the larger society, taking the interests of all stakeholders into account.

27. The ________ approach to ethical decision making says that moral behavior stems from personal virtues.

28. The ________ approach to economic responsibility means that economic gain is the only social responsibility and can lead companies into trouble.