Business Law: Text & Exercises (MindTap Course List) 10th
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EditionbyRogerLeRoyMiller,WilliamE. Hollowell
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,Chapter1 N
TableofContents N N
PurposeandPerspectiveof theChapter ..................................................................................................................... 2
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Cengage Supplements ................................................................................................................................................... 2
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Listof Student Downloads ......................................................................................................................................... 2
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Chapter Objectives ........................................................................................................................................................... 2
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Key Terms ............................................................................................................................................................................ 2
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What'sNew in ThisChapter ............................................................................................................................................ 3
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Chapter Outline ................................................................................................................................................................. 4
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DiscussionQuestions ...................................................................................................................................................... 8
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AdditionalResources..................................................................................................................................................... 10
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Cengage Video Resources ....................................................................................................................................... 10
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Appendix........................................................................................................................................................................... 10
GenericRubrics ........................................................................................................................................................... 10
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StandardWriting Rubric ........................................................................................................................................... 10
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StandardDiscussion Rubric..................................................................................................................................... 12
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,PurposeandPerspectiveoftheChapter N N N N N
The purpose of this chapter is to examine the relationship between law and ethics. The chapter presents
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issues involved to determining the ethical responsibilities of businesses and provides students a
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framework fordanalyzing and making ethical decisions.
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CengageSupplements N
The following product-
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level supplements provide additional information that may help you inpreparing yourcourse. They are
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available in the InstructordResource Center.
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PowerPointDeck N
ListofStudentDownloads
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Students should download thefollowing items from the StudentCompanion Center to complete the
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activities and assignments related to this chapter:
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PowerPointDeckd(withoutteachingnotes,activities, or answers) N N N N N N
ChapterObjectives N
The following objectivesare addressedin this chapter:
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1. Discusshowbusinesscan discourageunethical behavior N N N N N N
2. Explaintherelationshipbetweenlawandethics N N N N N N
3. Compareduty-basedethicsandutilitarianethics N N N N N
4. Identify ethical problemsin theglobalcontext N N N N N N
KeyTerms N
business ethics: Ethics in a business context; a consensus ofdwhatconstitutes right or wrong be havior
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in the world of business and the application of moral principles to situations that arisein a business
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setting.
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categorical imperative: A concept developedby the philosopherImmanuel Kant as an ethical
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guideline for behavior. In deciding whether an action is right or wrong, or desirable or undesir able, a
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person should evaluate the action in terms ofdwhat would happen ifdeverybody else in t he same
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situation, or category, acted the same way.
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corporate social responsibility (CSR): Theconcept that corporationscanand should act ethically and
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be accountable to society fordtheirdactions.
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cost-benefitanalysis: Addecision- N N
making techniquethat involves weighing thecosts of a givenaction against the benefits of thea ction.
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duty-
based ethics: An ethical philosophydrootedin theidea that every person has certain dutiesto oth ers,
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including both humans and the planet. Those duties may be derived from religious principle s or from
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other philosophical reasoning.
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, ethical reasoning: Areasoning process in which an individual links his or herdmoral convictions or
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ethical standards to the particular situation at hand.
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