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

A social audit is a systematic evaluation of an organizations progress toward implementing socially responsible and responsive programs. A social audit monitors corporate social responsibility efforts, industrial projects that might have a negative impact on the environment, and violations.

Show

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 ethics code defines corporate values?

Answer: B. corporate responsibility. Corporate responsibility-based ethics code defined corporate values, creates supportive environment and

What is corporate social responsibility and how does it relate to each of a business’s major stakeholders?

Its concerned with protecting the interests of all stakeholders, such as employees, customers, suppliers, and the communities in which businesses operate. Examples of CSR include adopting humane employee practices, caring for the environment, and engaging in philanthropic endeavors.

What are the 5 steps of a social audit?

Steps for Social Auditing

  • Step 1: Defining boundaries of social audit.
  • Step 2: Stakeholder identification and consultation.
  • Step 3: Identifying key issues and data collection.
  • Step 4: Social audit findings and verification.
  • Step 5: Public meeting.
  • Step 6: Institutionalization of social audit.

How do companies conduct a social audit quizlet?

How do companies conduct a social audit? With an Internal systematic examination that measures and monitors the progress of the company in meeting its corporate social responsibility goals.

What is one problem with conducting a social audit?

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

What is the term given to the groups individuals and organizations that are directly affected by the practices of an organization?

Organizational stakeholders. Those groups, individuals, and organizations that are directly affected by the practices of an organization and who therefore have a stake in its performance.

What is the name of the concept that expanded the role of business in protecting and enhancing the general welfare of society?

Out of the economic turmoil of the Great Depression emerged new laws that dictated an expanded role for business in protecting and enhancing the general welfare of society. Hence, the concept of accountability was formalized.

Which of the following is a form of social activism dedicated to protecting the rights of consumers in their dealings with business?

(Consumerism is social activism dedicated to protecting the rights of consumers in their dealings with businesses, including ethical issues in advertising (such as false advertising).)

What is the term for an employee who discovers an illegal or unethical activity and tries to put an end to it by speaking up?

whistle-blower. an employee who discovers and tries to put an end to a companys unethical, illegal, or socially irresponsible actions by publicizing them.

What type of ethical code serves to define the organization’s guiding values?

Integrity-based ethics codes define the organizations guiding values, create an environment that supports ethically sound behavior and stress a shared accountability among employees.

What are the 5 codes of conduct?

What are the five codes of ethics?

  • Integrity.
  • Objectivity.
  • Professional competence.
  • Confidentiality.
  • Professional behavior.

What are compliance-based and integrity-based ethics code?

Compliance programs are detailed formal rules that individuals choose to adhere to or disobey and commit a violation. Whereas, integrity programs focus on self-control and an internal control function made up of the two components of moral judgment and moral character.

What is the difference between and integrity-based code of ethics and a compliance-based code of ethics?

Whereas compliance-based ethics codes are concerned with avoiding legal punishment, integrity-based codes define he organizations guiding values, create an environment that supports ethically sound behavior, and stress a shared accountability among employees.

What is corporate social responsibility and how does it relate to ethical business practices?

Corporate Social Responsibility: a business philosophy which stresses the need for firms to behave as good corporate citizens, not merely obeying the law but conducting their production and marketing activities in a manner which avoids causing environmental pollution or exhausting finite world resources.

What does corporate social responsibility relate to?

Corporate Social Responsibility (CSR) is the idea that a company should play a positive role in the community and consider the environmental and social impact of business decisions.

What is corporate social responsibility and how does it affect businesses?

Social responsibility programs can boost employee morale in the workplace and lead to greater productivity, which has an impact on how profitable the company can be. Businesses that implement social responsibility initiatives can increase customer retention and loyalty.

Why is corporate social responsibility important to business?

CSR can help you attract and retain employees. And a business that is committed to improving the world is likely to attract more talent. This shows how important employees take social responsibility. CSR efforts also help foster a more productive and positive work environment for employees.

What is the process of social audit?

Social audit is the systematic process that not only measures, evaluates but also improves the effectiveness of an organizations social performance. Moreover, it also gives information about how company can achieves its profits accordingly along with their social responsibility.

What is included in a social audit?

A social audit is a formal review of a companys endeavors, procedures, and code of conduct regarding social responsibility and the companys impact on society. A social audit is an assessment of how well the company is achieving its goals or benchmarks for social responsibility.

What is social auditing?

A social audit is a way of measuring, understanding, reporting and ultimately improving an organizations social and ethical performance. A social audit helps to narrow gaps between vision/goal and reality, between efficiency and effectiveness.

How many steps are in a social media audit?

five steps

What is a social audit in business quizlet?

A social audit is a systematic evaluation of an organizations progress toward implementing socially responsible and responsive programs. A social audit monitors corporate social responsibility efforts, industrial projects that might have a negative impact on the environment, and violations.

When a company publishes the results of a social audit?

A social audit is a systematic evaluation of an organizations social, ethical, and environmental performance. When a company publishes the results of a social audit they are meeting the demands of local governments taxation policies