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978-0205017669 Chapter 1 Lecture Note Part 1
© 2012 Pearson Education, Inc. All Rights Reserved. 1 CHAPTER ONE Ethics and Business Overview Introduction This chapter presents an introduction to the basic principles of ethics in general and shows how these principles are relevant to businesses. It begins […]
978-0205017669 Chapter 1 Lecture Note Part 2
© 2012 Pearson Education, Inc. All Rights Reserved. 11 Moral reasoning refers to the reasoning process by which human behaviors, institutions, or policies are judged to be in accordance with or in violation of moral standards. Moral reasoning always involves […]
978-0205017669 Chapter 1 Quiz
© 2012 Pearson Education, Inc. All Rights Reserved. 19 Quiz Questions: Chapter One 1. According to the dictionary, the term ethics has a variety of different meanings. One of its meanings is: The principles of conduct governing an individual or […]
978-0205017669 Chapter 2 Lecture Note Part 1
CHAPTER TWO Ethical Principles in Business Overview Introduction In this chapter, we begin with a discussion of apartheid-era South Africa and Caltex, an American oil company operating in South Africa during that time. A large number of Caltex stockholders opposed […]
978-0205017669 Chapter 2 Lecture Note Part 2
libertarian principle of distributive justice will generate unjust treatment of the disadvantaged. Under the libertarian principle, a person’s share of goods will depend wholly on what the person can produce through his or her own efforts or what others choose […]
978-0205017669 Chapter 2 Quiz
Quiz Questions: Chapter Two 1. Utilitarianism characterizes the moral approach taken by Ford in the infamous Pinto case study. a. True 2. Few businesses maintain that the socially responsible course to take is the utilitarian one with the lowest net […]
978-0205017669 Chapter 3 Lecture Note
CHAPTER THREE The Business System: Government, Markets and International Trade Overview Introduction Since about 1980, globalization has surged forward to a degree that is unprecedented in our world’s history. Globalization has connected nations together so that goods, services, capital, and […]
978-0205017669 Chapter 3 Quiz
Quiz Questions: Chapter Three 1. According to Locke, the power of government should be: a. Expanded to meet the needs of all citizens. b. Expanded to meet the needs of corporations. c. Limited, extending only far enough to protect basic […]
978-0205017669 Chapter 4 Lecture Note
CHAPTER FOUR Ethics in the Marketplace Overview Introduction This chapter moves the consideration of business ethics from the morality of the economic system in general to the morality of specific practices within our system. Given that our system generally follows […]
978-0205017669 Chapter 4 Quiz
Quiz Questions: Chapter Four 1. In a perfectly free competitive market, no buyer or seller has the power to significantly affect the price of a good. a. True 2. Which of the following are characteristics of a perfectly free economy? […]
978-0205017669 Chapter 5 Lecture Note Part 1
CHAPTER FIVE Ethics and the Environment Overview Introduction Modern industry has provided us with a material prosperity unequaled in our history. It has also created unparalleled environmental threats to ourselves and to future generations. According to the U.S. Environmental Protection […]
978-0205017669 Chapter 5 Lecture Note Part 2
Markets and Partial Controls Utilitarianism can answer some of the difficulties with Blackstone’s theory. Utilitarians see environmental problems as market defects, arguing that pollution should be avoided because it harms society’s welfare. To make this position clear, it is helpful […]
978-0205017669 Chapter 5 Quiz
Quiz Questions: Chapter Five 1. Environmental damage inevitably threatens the welfare of human beings as well as plants and animals. Threats to the environment come from two sources: pollution and resource depletion. a. True 2. The undesirable and unintended contamination […]
978-0205017669 Chapter 6 Lecture Note
CHAPTER SIX The Ethics of Consumer Production and Marketing Overview Introduction Annually, motor vehicles kill 34,000 Americans incapacitate 260,000, and injure 2.2 million others. Americans are also exposed daily to astonishingly high levels of risk from the use of consumer […]
978-0205017669 Chapter 6 Quiz
Quiz Questions: Chapter Six 1. In the Market Approach to consumer protection, if consumers do not place a high value on safety (or are unwilling to pay for it), then it is wrong to force them to accept higher levels […]
978-0205017669 Chapter 7 Lecture Note
CHAPTER SEVEN The Ethics of Job Discrimination Overview Introduction The debates over equality, diversity, and discrimination have been prolonged and acrimonious. Controversy continues to swirl around the nature of the plight of racial minorities, the inequality of women, and the […]
978-0205017669 Chapter 7 Quiz
Quiz Questions: Chapter Seven 1. Discrimination in employment involves three basic elements: it must be a decision not based on individual merit, the decision must derive from racial or sexual prejudice, and the decision must have a harmful impact on […]
978-0205017669 Chapter 8 Lecture Note Part 1
CHAPTER EIGHT The Individual in the Organization Overview Introduction The chapter begins with the experiences of three very different individuals in the business world. Though they each see the organization from a different vantage point, they all on some level […]
978-0205017669 Chapter 8 Lecture Note Part 2
Employee Rights Corporate management is similar to a government: they are centralized decision-making bodies who have power and authority to enforce their decisions on subordinates concerning the distribution of resources, benefits, and burdens, and they have a monopoly on the […]
978-0205017669 Chapter 8 Quiz
Quiz Questions: Chapter Eight 1. The traditional, “rational” model of the business organization is defined it as a structure of formal relationships, which are designed to achieve a goal efficiently. a. True 2. A firm’s organizational chart, identifying the formal […]