Chapter 2
Ethics and Social
Responsibility in
Business
© 2019 Cengage Learning. All Rights Reserved. May not be scanned, copied or duplicated, or posted to a publicly accessible website, in whole or in part.
, LEARNING OBJECTIVES
2-1 Understand what is meant by business ethics.
2-2 Identify the types of ethical concerns that arise in the business world.
2-3 Discuss the factors that affect the level of ethical behavior in
organizations.
2-4 Explain how ethical decision making can be encouraged.
2-5 Describe how our current views on the social responsibility of business
have evolved.
2-6 Discuss the factors that led to the consumer movement and list some of
the results.
2-7 Analyze how present employment practices are being used to counteract
past abuses.
2-8 Describe the major types of pollution, their causes, and their cures.
2-9 Identify the steps a business must take to implement a program of social
responsibility.
© 2019 Cengage Learning. All Rights Reserved. May not be scanned, copied or duplicated, or posted to a publicly accessible website, in whole or in part.
, Business Ethics Defined
Ethics – the study of right and wrong and of the
morality of the choices individuals make
• An ethical decision or action is one that is “right”
according to some standard of behavior.
Business ethics – the application of moral
standards to business situations
© 2019 Cengage Learning. All Rights Reserved. May not be scanned, copied or duplicated, or posted to a publicly accessible website, in whole or in part.
, Ethical Issues
Ethical issues often arise out of a business’s
relationship with investors, customers,
employees, creditors, suppliers, or competitors.
• Each of these stakeholder groups has specific
concerns and usually exerts pressure on the
organization’s managers.
© 2019 Cengage Learning. All Rights Reserved. May not be scanned, copied or duplicated, or posted to a publicly accessible website, in whole or in part.
Ethics and Social
Responsibility in
Business
© 2019 Cengage Learning. All Rights Reserved. May not be scanned, copied or duplicated, or posted to a publicly accessible website, in whole or in part.
, LEARNING OBJECTIVES
2-1 Understand what is meant by business ethics.
2-2 Identify the types of ethical concerns that arise in the business world.
2-3 Discuss the factors that affect the level of ethical behavior in
organizations.
2-4 Explain how ethical decision making can be encouraged.
2-5 Describe how our current views on the social responsibility of business
have evolved.
2-6 Discuss the factors that led to the consumer movement and list some of
the results.
2-7 Analyze how present employment practices are being used to counteract
past abuses.
2-8 Describe the major types of pollution, their causes, and their cures.
2-9 Identify the steps a business must take to implement a program of social
responsibility.
© 2019 Cengage Learning. All Rights Reserved. May not be scanned, copied or duplicated, or posted to a publicly accessible website, in whole or in part.
, Business Ethics Defined
Ethics – the study of right and wrong and of the
morality of the choices individuals make
• An ethical decision or action is one that is “right”
according to some standard of behavior.
Business ethics – the application of moral
standards to business situations
© 2019 Cengage Learning. All Rights Reserved. May not be scanned, copied or duplicated, or posted to a publicly accessible website, in whole or in part.
, Ethical Issues
Ethical issues often arise out of a business’s
relationship with investors, customers,
employees, creditors, suppliers, or competitors.
• Each of these stakeholder groups has specific
concerns and usually exerts pressure on the
organization’s managers.
© 2019 Cengage Learning. All Rights Reserved. May not be scanned, copied or duplicated, or posted to a publicly accessible website, in whole or in part.
