Key Terms Quiz

Match the following terms and definitions


1				Ethical standards that emphasize preventing unlawful behaviour by increasing control and by penalizing wrongdoers.


2				Dimension of social responsibility that includes charitable donations.


3				Dimension of social responsibility that refers to the position a firm takes on social and political issues.


4				A dimension of social responsibility that includes everything from hiring minority workers to making safe products.


5				A business’s concern for the welfare of society


6				Dimension of social responsibility that includes enhanced forms of corporate philanthropy that are more directly related to the company’s competencies.


7				A business’s concern for the welfare of society as a whole.


8				Standards of moral behaviour; that is, behaviour that is accepted by society as right versus wrong.


9				An unethical activity in which insiders use private company information to further their own fortunes or those of their family and friends.


10				Ethical standards that define the organization’s guiding values, create an environment that supports ethically sound behaviour, and stress a shared accountability among employees.


11				A systematic evaluation of an organization’s progress toward implementing programs that are socially responsible and responsive.


12				Implementing a process that integrates environmental, economic, and social considerations into decision making.


13				A framework for measuring and reporting corporate performance against economic, social, and environmental parameters.


14				People who report illegal or unethical behaviour and must be protected from retaliation.

Answer choices for questions 1 through 14

A)	whistleblowers
B)	corporate philanthropy
C)	insider trading
D)	compliance-based ethics codes
E)	integrity-based ethics codes
F)	corporate social initiatives
G)	sustainable development
H)	corporate policy
I)	corporate responsibility
J)	corporate social responsibility
K)	social audit
L)	triple-bottom line (TBL, 3BL, or People, Planet, Profit)
M)	corporate social responsibility (CSR)
N)	ethics

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