This guide to business ethics provides key terms and concepts related to business ethics in a short, easy-to-use format. It provides objective coverage of theories, corporate social responsibility, human resources issues, consumer protection, and ethical issues in marketing and advertising. It is an ideal supplement for business ethics courses or as a reference for students and practitioners who would like to learn more about the basics of business ethics.
Fraud is a purposeful, unlawful act to deceive, manipulate, or provide false statements to damage others. In general, fraud is viewed as false communication that conceals or contains a scheme to create a materially false statement or representation. Often, fraud is associated with documents that are transmitted by mail, wire, or through any type of electronic signal to a receiver. Statements that a court determines as false or fictitious or that have the intent to deceive constitute a crime and are subject to a fine or imprisonment or both. In 2005, fraud cost U.S. organizations more than $600 billion annually, and consumers lose more than $30 billion annually from fraud. The U.S. Department of Justice has identified major categories of consumer fraud ...