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Chapter 4 Business Ethics and Social Responsibility

AB
conflict of interestwhen a person uses personal activities or actions to advance his or her career at the expense of another person
ethicsthe set of moral principles by which people conduct themselves personally, socially, or professionally
code of ethicsa professional’s or company’s set of guidelines for upholding ethical behavior
sweatshopsfactories that pay poorly, have unsafe working conditions, and treat workers badly
social responsibilitythe obligation to do what is best for the welfare of society
Food and Drug Administration (FDA)a government agency that protects consumers from dangerous or falsely advertised products
business ethicsthe rules that govern how we do business
Equal Pay Acta federal law requiring that men and women be paid the same wages for doing the same work
Environmental Protection Agency (EPA)a federal agency that enforces rules that protect the environment and control pollution
Occupational Safety and Health Administration (OSHA)a division of the Department of Labor that sets and enforces work-related health and safety rules

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