what is business ethics??

Business ethics balances the goal of profits with values of individuals and society.

what are the Laws as the Standard for Business Ethics?

Positive Law: If an act is legal, then it is moral. Absent illegality, all behavior is ethical under this simple standard.

what are the Notion of Universal Standards for Business Ethics?

Natural Law: Higher standards of conduct than positive law. Must be followed even if against codified law A law can be legal but unethical.

Ethical Theories and Standards

We cannot use others in a way that gives us a one-sided benefit. Everyone must operate under the same usage laws. You need to be fair and also must want to do it for the right reasons.

The Business Stakeholder Standard of Behavior

Stakeholder analysis measures the impact of a decision on various groups and asks whether public disclosure of that decision is defensible

The Importance of Trust

Capitalism succeeds because of trust. The reliance on promises produces good business relationships.

Business Ethics and Business Regulation: Public Policy, Law, and Ethics

Complaints about a business lead to changes in the law and in corporate behavior. Businesses that respond to social forces and the movements of the cycle of societal interaction often gain a competitive advantage.

How to Recognize and Resolve Ethical Dilemmas

Categories of Ethical Behavior – Integrity and Truthfulness – Promise Keeping – Loyalty: Avoiding Conflicts of Interest – Doing no harm – Maintaining Confidentiality

Resolving Ethical Dilemmas

Blanchard and Peale Three-Part Test • Uses three questions to evaluate situations: – Is it legal? – Is it balanced? – How does it make me feel?

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Business

Business Ethics, Social Forces, and the Law

Question	Answer
what is business ethics??	Business ethics balances the goal of profits with values of individuals and society.
what are the Laws as the Standard for Business Ethics?	Positive Law: If an act is legal, then it is moral. Absent illegality, all behavior is ethical under this simple standard.
what are the Notion of Universal Standards for Business Ethics?	Natural Law: Higher standards of conduct than positive law. Must be followed even if against codified law A law can be legal but unethical.
Ethical Theories and Standards	We cannot use others in a way that gives us a one-sided benefit. Everyone must operate under the same usage laws. You need to be fair and also must want to do it for the right reasons.
The Business Stakeholder Standard of Behavior	Stakeholder analysis measures the impact of a decision on various groups and asks whether public disclosure of that decision is defensible
The Importance of Trust	Capitalism succeeds because of trust. The reliance on promises produces good business relationships.
Business Ethics and Business Regulation: Public Policy, Law, and Ethics	Complaints about a business lead to changes in the law and in corporate behavior. Businesses that respond to social forces and the movements of the cycle of societal interaction often gain a competitive advantage.
How to Recognize and Resolve Ethical Dilemmas	Categories of Ethical Behavior – Integrity and Truthfulness – Promise Keeping – Loyalty: Avoiding Conflicts of Interest – Doing no harm – Maintaining Confidentiality
Resolving Ethical Dilemmas	Blanchard and Peale Three-Part Test • Uses three questions to evaluate situations: – Is it legal? – Is it balanced? – How does it make me feel?

Created by: T.Knight

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