Download Introduction to Business

Ethics-Part I
BCS-BE-11: The student compares and contrasts common ethical
issues
BCS-BE-12: The student evaluates personal responsibility of ethical
behavior.
BCS-BE-13: The student investigates the relationship between ethics
and law.
BCS-BE-14: The student derives the importance of employer/employee
relationships
BCS-BE-15: The student evaluates the impact of technology on
business ethics.
The Nature of Ethics
When you are _____by
ethics, you do not
cheat on a test or lie to
friends or _______.
ethics
moral _______ by which
people conduct
themselves personally,
socially, or professionally
The Nature of Ethics
Most businesses are
guided by business
ethics.
Different _____,
businesses, and industries
have different
____standards
business ethics
rules based on moral
______ about how
businesses and
employees ought to
conduct themselves
Graphic Organizer
Business Ethics
Creating safe
________
Environmental
_______
Creating
_____
Fair treatment
of
__________
Truthful about
financial
_______
Law and Ethics
In business, ______
follow rules as well as
a ______of ethics.
code of ethics
a set of _______ for
maintaining ethics in the
workplace
Law and Ethics
A _______ is an
example of an
unethical practice
________ in the
United States.
sweatshop
a shop or factory in which
workers are ________ for
long hours at low wages
and under unhealthy
conditions
Law and Ethics
The Occupational Safety and Health
Administration (OSHA) _____ and enforces
work-related health and ________ rules.
Ethics as Good Business
Unethical business practices include:
______
Offering merchandise _______ to be
substandard
Treating ________ or employees unfairly
Ethics as Good Business
If a business ______ government regulations,
the owner can be fined or go to ______.
If an _______ violates a company or
professional code, the employee might be fired
or lose his or her license.
Ethics as Good Business
Unethical business practices can ______ in
bad word of _______ and result in lost sales.
Unethical behavior _______ employees can
lead to legal action or a high rate of employees
quitting.
Conflicts of Interest
Conflict of interest
is a ______ ethical
question that is
generally not
_______.
conflict of interest
a conflict between selfinterest and
________obligation
Graphic Organizer
Ethical Questions
Is it against the law? Does it _____ company
or professional policies?
Even if ______ is doing it, how would I feel if
someone did this to me?
Am I sacrificing long-term ________ for
short-term gains?
Graphic Organizer
The Ethical Decision-Making Process
1. Identify the ethical _______.
2. Discover alternative actions.
3. Decide who might be ________.
4. List the probable effects of the alternatives.
5. Select the best _________.
Figure 4.1
Ethical Observations by Employees