| A | B |
|---|
| business ethics | the principles, values, and standards that guide behavior in the world of business |
| Caux Round Table | a group of businesses, political leaders, and concerned interest groups that desire responsible behavior in the global community |
| Consumers’ Bill of Rights | introduced in 1962, outlined four basic consumer rights: the right to safety, the right to be informed, the right to choose, and the right to be heard |
| Defense Industry Initiative on Business Ethics and Conduct (DII) | established a method for discussing best practices and working tactics to link organizational practice and policy to successful ethical compliance |
| ethical culture | the character or decision-making process that employees use to determine whether their responses to ethical issues are right or wrong |
| Federal Sentencing Guidelines for Organizations (FSGO) | codified into law, incentives to reward organizations for taking action to prevent misconduct |
| principles | specific and pervasive boundaries for behavior that are universal and absolute |
| Sarbanes—Oxley Act | law that made securities fraud a criminal offense and stiffened penalties for corporate fraud; created an accounting oversight board that requires corporations to establish codes of ethics for financial reporting and to develop greater transparency in financial reports to investors and other interested parties |
| social responsibility | an organization’s obligation to maximize its positive impact on stakeholders and to minimize its negative impact |
