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

ethicsmoral _______ by which people conduct themselves personally, socially, or professionally

When you are _____by ethics, you do not cheat on a test or lie to friends or _______.

The Nature of Ethics

business ethicsrules based on moral ______ about how businesses and employees ought to conduct themselves

Most businesses are guided by business ethics.

Different _____, businesses, and industries have different ____standards

Business Ethics

Creating safe________

Creating _____

Fair treatmentof

__________

Environmental_______

Truthful aboutfinancial_______

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Law and Ethics

In business, ______ follow rules as well as a ______of ethics.

code of ethicsa set of _______ for maintaining ethics in the workplace

Law and Ethics

A _______ is an example of an unethical practice ________ in the United States.

sweatshopa 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 interesta conflict between self-interest and ________obligation

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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?

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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 _________.

Ethical Observations by EmployeesFigure 4.1