BEAL 02

CHAPTER TWO: SPRING 2021

ETHICS AND THE LAW

OBJECTIVES:

Students should be able to:

Define ethics and distinguish between ethical decisions and legal decisions.

Briefly explain and identify the ethical reasoning behind decision making in business.

Identify ways in which businesses can pursue ethical decision making.

VOCABULARY:

Ethics

Violation

Culture

Federal statute

Corporate

Stakeholder

Whistleblower

CONTENT:

Give an example of a situation in the business environment which will be unethical, but legal. What action would you take in that situation and why?