Chapter 4 Intro to Business


Moral principles by which people conduct themselves personally, socially, or professionally.

Business Ethics

Rules based on moral principles about how businesses and employees ought to conduct themselves.


A shop or factory where workers work long hours at low wages under unhealthy conditions

Code of Ethics

A set of guidelines for maintaining ethics in the workplace.

Conflict of Interest

A conflict between self-interest and professional obligation

Social Responsibility

the obligation of a business to contribute to society

Equal Pay Act

made it illegal for employers to pay female workers less than men for the same job


(Americans with Disabilities Act)A civil rights law that protects individuals with disabilities.


To persuade someone to act in one's favor illegally or dishonestly by a gift of money or other inducements.

Core Values

The fundamental beliefs of a person or organization. These guiding principles dictate behavior and can help people understand the difference between right and wrong.


To secretly and illegally take money that belongs to an organization or business you work for.


Environmental Protection Agency: It is an agency of the United States federal government whose mission is to protect human and environmental health.

Fair Labor Standards Act

Federal law that establishes a minimum wage, requirements for overtime pay, and child labor standards.


Food and Drug Administration: This agency is separated into groups involving food, drugs, cosmetics, animal food, dietary supplements, medical devices, biological goods and blood products.

Insider Trading

The illegal practice of trading on the stock exchange to one's own advantage through having access to confidential information.


an adherence to a code of ethical values such as honesty, loyalty, and fairness

Money Laundering

The process of making large amounts of money generated by a criminal activity, appear to have come from a legitimate source.


The practice among those with power or influence of favoring relatives by giving them jobs that do not have anything to do with their experience or skills.


Occupational Safety and Health Administration: Is responsible for protecting worker health and safety in the United States.

SEC (Securities and Exchange Commission)

The agency of the U.S. government that oversees U.S. financial markets and is responsible for protecting investors.

Social Responsibility

The duty to do what is best for the good of society.

Whistle Blower

Someone who reports unethical behavior or actions

White Collar Crime

A financially motivated non-violent crime committed for illegal monetary gain.