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Vocabulary Words
Ethics | the study of right and wrong and of the morality of the choices individuals make |
Business Ethics | the application of moral standards to business situations |
Sarbanes-Oxley Act of 2002 | provides sweeping new legal protection for employees who report corporate misconduct |
Code of Ethics | a guide to acceptable and ethical behavior as defined by the organization |
Whistle-blowing | informing the press or government officials about unethical practices within one's organization |
Social responsibility | the recognition that business activities have an impact on society and the consideration of that impact in business decision making |
Caveat emptor | a Latin phrase meaning "let the buyers beware" |
Economic model of social responsibility | the view that society will benefit most when business is left alone to produce and market profitable products that society needs. |
Socioeconomic model of social responsibility | the concept that business should emphasize not only profits but also the impact of its decisions on society |
Consumerism | all activities undertaken to protect the rights of consumers |
Minority | a racial, religious, political, national, or other group regarded as different from the larger group of which it is a part and that is often singled out for unfavorable treatment. |
Affirmative action program | a plan designed to increase the number of minority employees at all levels within an organization |
Equal Employment Opportunity Commission | a government agency with the power to investigate complaints of employment discrimination and the power to sue firms that practice it |
Hard-core unemployed | workers with little education or vocational training and a long history of unemployment |
National Alliance of Business | a joint business-government program to train the hard-core unemployed |
Pollution | the contamination of water, air, or land through the actions of people in an industrialized society. |
Social Audit | a comprehensive report of what an organization has done and is doing with regard to social issues that affect it. |
155. When people in an industrialized society contaminate the environment, the action is called156. The federal act which provided over $7 billion to the EPA to protect and promote “green” jobs and a healthierenvironment is the
157. The federal agency charged with enforcing laws to protect the environment is the 158. Over the past several decades, concern for the environment has
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water: This occurs as a result of release of harmful chemicals into the water bodies such as industrial sludge, domestic waste, untreated human waste and the list continues. Rivers are polluted and this has significantly reduced the number of fishing grounds that we used to rely on for fish.
air: This is a unique form of pollution that results from release of harmful gases into the atmospheres. The main sources of these gases include vehicles, industries and power plants. They cause green house effect that is responsible for global warming and formation of acid rainfall.
Land: This is caused by release of harmful materials into the land. This waste includes domestic waste, municipal waste and non-biodegradable materials such as plastics. These materials make the land unsuitable for various economic activities such as agriculture.
Noise: s the disturbing or excessive noise that may harm the activity or balance of human or animal life. The source of most outdoor noise worldwide is mainly caused by machines and transportation systems, motor vehicles, aircraft, and trains.[3][4] Outdoor noise is summarized by the word environmental noise. Poor urban planning may give rise to noise pollution, since side-by-side industrial and residential buildings can result in noise pollution in the residential areas.