Ethics in Business

a set of moral principles and values

where the price of services is determined by supply and demand

any persons with an interest in a situation, action, or enterprise

when a person is faced with two conflicting alternatives

principles of goodness and badness of human behavior

person in position of influence and power over others

a person's or group's deeply held beliefs

scope of inner guidance

where an investor's money is spent or wasted, then replaced with newly invested money

a bribe offered in exchange for products, services, or influence

conflict in which an employee is inclined to favor one person

would be valuable to a company's competitors

"this for that"

a person who reports unethical activities

investing by members of a firm with inside information

telling someone within an institution

protect employees who report unethical activity

telling someone outside an organization

demonstrating through one's actions

the founder of Healthsouth

the local healthcare company which was embroiled in one of the biggest accounting scandals in modern business

an experiment which showed that people tend to follow instructions of authority figures no matter what

a famous DC lobbyist we discussed

a person paid to educate and influence lawmakers

a former Birmingham mayor who was imprisoned for unethical behavior

famous for organizing the biggest ponzi scheme of all time

the process of trying to make newly earned money seem legitimate

financial mismanagement where one writes bad checks to cover other bad checks

an independent assessment of the fairness by which a company's financial statements are presented by management

an accounting practice where a company uses generous reserves from good years against losses that might be incurred in bad years

a buzzword describing general fraudulent activities performed by corporations to falsify financial statements

one part of the fraud triangle which explains why a person does something unethical

one part of the fraud triangle where a guilty person believes his or her actions are justified

the group represented and ripped off by imprisoned lobbyist Jack Abramoff