| A | B |
|---|
| Law | Enforceable rules of conduct in a society |
| Ethics | A practice of deciding what is right or wrong in a reasoned, impartial manner |
| Impartiality | the idea that the same ethical standards are applied to everyone |
| Business Ethics | the ethical principles used in making business decisions |
| Consequence-based Reasoning | evaluates those possible consequences to select that which will generate the greatest good result for the individual |
| Rule-based Reasoning | Often clearly prescribes what is correct by time tested rules |
| Government Regulation | laws set to protect consumers that are governed by agencies based on the industry |
| Social Responsibility | Management’s acceptance of the obligation to consider profit, consumer satisfaction, and societal well-being of equal value in evaluating the firm’s performance |
| Outsourcing | to purchase (goods) or subcontract (services) from an outside supplier or source outside of the US |
| Human Rights | "basic rights and freedoms that all people are entitled to regardless of nationality, sex, age, national or ethnic origin, race, religion, language, or other status |
| Lobbying | the act of attempting to influence decisions made by officials in the government, most often legislators or members of regulatory agencies |
| Unethical | lacking moral principles; unwilling to adhere to proper rules of conduct |
