1. Tyler S. 11-5-08 Teacher Malone
Introduction to Business Chapter 4 Vocabulary This is prepared for the Business student by a student in your business classes.
Chapter 4: Business Ethics & Social Responsibility: Semester 1
Chapter 4: Business Ethics & Social Responsibility: SEMESTER 1

2. Chapter 4: Business Ethics & Social Responsibility: Semester 1
A set of moral principles by which people conduct themselves personally, socially, or professionally.
Chapter 4: Business Ethics & Social Responsibility: Semester 1
Chapter 4: Business Ethics & Social Responsibility: SEMESTER 1

3. Chapter 4: Business Ethics & Social Responsibility: Semester 1
Set of guidelines about how a business should conduct itself.
Focuses on decisions considered good or bad, correct or incorrect.
Chapter 4: Business Ethics & Social Responsibility: Semester 1
Chapter 4: Business Ethics & Social Responsibility: SEMESTER 1

4. Chapter 4: Business Ethics & Social Responsibility: Semester 1
Sweatshops
Factories that
Have unsafe working conditions
pay poorly,
treat workers badly
Chapter 4: Business Ethics & Social Responsibility: Semester 1
Chapter 4: Business Ethics & Social Responsibility: SEMESTER 1

5. Occupational Safety and Health Administration (OSHA)
A division of the United States Department of Labor that sets and enforces work-related health and safety rules. OSHA is an independent agency set up to protect society.
Chapter 4: Business Ethics & Social Responsibility: Semester 1
Chapter 4: Business Ethics & Social Responsibility: SEMESTER 1

6. Chapter 4: Business Ethics & Social Responsibility: Semester 1
Code of Ethics
A strict of guidelines in a profession or company for upholding ethical behavior in a workplace.
Business police themselves by distributing code of ethics.
Doctors, lawyers, journalists, teachers have their own code of ethics.
Covers everything from employee behavior to environmental safety.
Chapter 4: Business Ethics & Social Responsibility: Semester 1
Chapter 4: Business Ethics & Social Responsibility: SEMESTER 1

7. Social Responsibility
The obligation to do what is best for the welfare of society.
Chapter 4: Business Ethics & Social Responsibility: Semester 1
Chapter 4: Business Ethics & Social Responsibility: SEMESTER 1

8. Chapter 4: Business Ethics & Social Responsibility: Semester 1
Conflict of Interest
When a business puts profits before the interests of society.
Chapter 4: Business Ethics & Social Responsibility: Semester 1
Chapter 4: Business Ethics & Social Responsibility: SEMESTER 1

9. Food and Drug Administration (FDA)
A governmental agency
protects consumers from dangerous or falsely advertised products
For example, pain medicines
Chapter 4: Business Ethics & Social Responsibility: Semester 1
Chapter 4: Business Ethics & Social Responsibility: SEMESTER 1

10. Chapter 4: Business Ethics & Social Responsibility: Semester 1
Equal Pay Act
A federal law requires both men and women get paid the same wages for doing equal work
Passed in 1964
Chapter 4: Business Ethics & Social Responsibility: Semester 1
Chapter 4: Business Ethics & Social Responsibility: SEMESTER 1

11. Environmental Protection Agency (EPA)
Created in 1970
A federal government agency
Enforces rules that protect the environment and controls air pollution
Chapter 4: Business Ethics & Social Responsibility: Semester 1
Chapter 4: Business Ethics & Social Responsibility: SEMESTER 1