Business Ethics Vocabulary List

A collection of flashcards covering key concepts of business ethics vocabulary.

__ is when companies secretly agree to set the same prices instead of competing.

price fixing

__ goods are fake products made to look like real branded items.

Counterfeit

__ is copying someone's work or ideas without credit.

Plagiarism

__ is making illegally gained money appear legal.

Money laundering

__ involves using secret company info to trade stocks.

Insider trading

__ is giving or taking money for unfair advantage.

Bribery and corruption

__ is using animals to test products or medicines.

Animal testing

__ refers to harmful contamination of nature by businesses.

Environmental pollution

__ is treating people unfairly because of their gender, race, or religion.

Discrimination

__ involves spying to steal business secrets.

Industrial espionage

The _ is an invisible barrier preventing women from top positions.

Glass ceiling

__ are factories with poor conditions and low wages.

Sweatshops

A __ outlines a company's purpose and values.

Mission statement

__ refers to a company's efforts to act ethically and help society.

Corporate Social Responsibility (CSR)

A __ is secret money used for illegal or unethical purposes.

Slush fund

A __ is a group of companies that agree to control prices or production.

Cartel

An __ is an independent examination of a company's financial records.

Audit

__ is illegal non-payment of taxes, while avoidance is legal reduction.

Tax evasion

__ is stealing money that one is trusted to manage.

Embezzlement

__ is deception for financial or personal gain.

Fraud

A __ occurs when someone fails to fulfill an agreement's terms.

Breach of contract

__ is using someone's creative work without permission.

Copyright violation