| A | B |
|---|
| ethics | a set of moral principles or values that govern behavior |
| philanthropy | efforts to improve human welfare |
| Sarbanes-Oxley Act | the act that was created in response to the Enron scandal in 2001 |
| Sherman Act | the act that makes it illegal for companies to monopolize trade |
| Clayton Act | the act that makes it illegal to charge different prices to different wholesale customers |
| Wheeler-Lea Act | the act that bans unfair or deceptive acts or practices |
| Federal Food, Drug, and Cosmetic Act | the act that bans the sale of impure, improperly labeled, falsely guaranteed, and unhealthful foods, drugs, and cosmetics |
| Truth in Lending Act | the act that requires lenders to let consumers know how much they are paying in finance charges and interest |
| Equal Credit Opportunity Act | the act the prohibts creditors from making credit decisions on the basis of disriminatory practices |
| Clean Air Act | the comprehensive federal law that regulates air emissions |
| Toxic Substances Control Act | gives the EPA the ability to track the 75,000 industrial chemical produced in or imported into the United States |
| Clean Water Act | gives the EPA the authority to set standards on the type and quantity of pollutants that industries can put into bodies of water |
| intellectual property | refers to ownership of ideas, such as inventions, books, movies, and computer programs |
| social responsibility | refers to the obligation that individuals or businesses have to help solve social problems |
| profit maximization | the early 19th and 20th century belief that the role of the business was to make as much money as possible with no concern for social issues |
| trusteeship management | the mid 1900's idea that businesses had some obligations to their employees, customers, and creditors |
| social involvement | since about 1960, the belief that businesses have obligations to their stakeholders and should help to solve social problems |
| stakeholders | include a company's employees, customers, supplies, and the community |
| social audit | a review of the business's social responsiveness |
| code of ethics | a document that outlines the principles of conduct to be used in making decisions within an organization |
