Unit 1: Ethics and culture in business - Key terms 2

The __________ of a company includes its beliefs, values, and practices.

culture

A __________ is a person or group that has an interest in the success or failure of a business.

stakeholder

__________ is the act of reporting illegal or unethical behavior within an organization.

whistle blowing

The company was praised for its commitment to __________, ensuring that all business operations were conducted transparently.

ethic

A __________ of interest occurs when personal interests conflict with professional duties.

conflict

The company's __________ plan includes reducing carbon emissions and increasing energy efficiency

sustainabillity

__________ leadership involves guiding others by setting a good moral example.

ethical

Employees are expected to follow the company's __________ of conduct, which outlines acceptable behavior.

code

__________ responsibility refers to a company's duty to contribute to the welfare of society.

corporate social

The board of directors is responsible for ensuring good corporate __________, which involves overseeing the company's management and operations

governance

The company's __________ audit revealed several instances of non-compliance with industry regulations.

compliance

Transparency and __________ are essential for building trust with stakeholders.

accountability

The company's __________ policies include equal pay and non-discrimination in the workplace.

ethical

__________ is the quality of being honest and having strong moral principles.

integrity

__________ is the practice of avoiding harm to the environment and ensuring long-term business viability.

sustainability

A __________ approach in business ensures that decisions are made based on moral and ethical considerations.

value-based

The company introduced new __________ measures to ensure all employees follow ethical guidelines.

compliance

__________ standards are the criteria that guide ethical decision-making and behavior.

ethical

The company faced a major __________ when it was discovered that its products were not ethically sourced.

crisis

Corporate __________ refers to a company's efforts to contribute positively to society and the environment.

social responsibility

Employees are encouraged to speak up if they notice any __________ behavior within the company.

unethical

The company's __________ report outlined its achievements in reducing waste and promoting recycling.

sustainability

A company's __________ can be damaged if it engages in unethical practices.

image/ reputation

__________ in business means being open and honest in all transactions.

transparency

The company's __________ activities include volunteering and charitable donations.

CSR

The __________ practices of a company are crucial for building long-term success.

ethical/ sustainable

__________ is the principle that businesses should act in a way that benefits society and the environment.

sustainability

The __________ of ethics in the workplace helps prevent conflicts and promotes a positive work environment.

code

A strong __________ culture helps ensure that all employees adhere to the company's ethical standards.

organisational/ corporate

The company's __________ stance on environmental issues has earned it widespread praise.

ethical