Ethics Key Terms- Business Ethics

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Capitalism
An economic system based on the private ownership of how things are made and sold where a business is free to make profits
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Shareholder
A person who has invested money in a business in return for a share of the profits
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Corporate Social Responsibility
A sense that a business has a wider responsibility to all it's stakeholders
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Whistle-Blowing
When an employee discloses wrongdoing to the employer or the public
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Globalisation
The process of the world becoming more interconnected
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Stakeholders
A person who is affected or involved in any form of a relationship with a business
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Consumerism
A set of social beliefs that put a high value on acquiring material things
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Other cards in this set

Card 2

Front

A person who has invested money in a business in return for a share of the profits

Back

Shareholder

Card 3

Front

A sense that a business has a wider responsibility to all it's stakeholders

Back

Preview of the back of card 3

Card 4

Front

When an employee discloses wrongdoing to the employer or the public

Back

Preview of the back of card 4

Card 5

Front

The process of the world becoming more interconnected

Back

Preview of the back of card 5
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