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BM Ch 2 SOCIAL AND ETHICAL BUSINESS Vocab

AB
Zero Population Growththe point at which births and deaths balance
Baby Boomrefers to the high birth rate period from 1945-1965
Baby Bustrefers to the low birth rate period following baby boom
Frost Beltcolder northern half of U.S.
Sun Beltwarmer southern half of U.S.
Rust Beltnorth central and northeastern states where dominant mfg centers were
Labor Forcepeople 16 and over available for work employed or not
Labor Participation Ratepercentage of labor force employed or seeking employment
Glass Ceilinginvisible barrier to job advancement
Comparable Worthpaying workers equally for jobs with similar not identical requirements
Telecommutingemployees working for a business at home through computers
Recyclereuse of produces or product packaging whenever possible
Ethicsmoral conduct code setting standards for what is right or wrong
Business Ethicscollection of principles for what is right or wrong for an organization
Code of Ethicsformal, published values and rules used to guide the behavior of a business
Social Responsibilityduty of a business to contribute to well being of society
Stakeholdersthose people and organizations affected by a firm's action
Sticky floor syndromeinability of workers moving up the job ladder
Net generationthose born between 1977-1997
Generation XThose born post baby boom generation


Business Instructor/CTE Dept. Chair
Belleville East High School
Belleville, IL

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