Business Law: Text & Exercises (MindTap Course
List)
10th Edition by Roger LeRoy Miller, William E.
Hollowell
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website, in whole or in part.
, Chapters 1 - 43, Complete
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website, in whole or in part.
,Chapter 1
Table of Contents
Purpose and Perspective of the Chapter .....................................................................................2
Cengage Supplements................................................................................................................2
List of Student Downloads .......................................................................................................2
Chapter Objectives .....................................................................................................................2
Key Terms ..................................................................................................................................2
What's New in This Chapter ........................................................................................................3
Chapter Outline ...........................................................................................................................4
Discussion Questions..................................................................................................................8
Additional Resources ................................................................................................................10
Cengage Video Resources ....................................................................................................10
Appendix ...................................................................................................................................10
Generic Rubrics.....................................................................................................................10
Standard Writing Rubric.........................................................................................................10
Standard Discussion Rubric ..................................................................................................12
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website, in whole or in part.
, Purpose and Perspective of the Chapter
The purpose of this chapter is to examine the relationship between law and ethics. The
chapterpresents issues involved to determining the ethical responsibilities of businesses and
provides students a framework for analyzing and making ethical decisions.
Cengage Supplements
The following product-level supplements provide additional information that may help you in
preparing your course. They are available in the Instructor Resource Center.
PowerPoint Deck
List of Student Downloads
Students should download the following items from the Student Companion Center to complete
the activities and assignments related to this chapter:
PowerPoint Deck (without teaching notes, activities, or answers)
Chapter Objectives
The following objectives are addressed in this chapter:
1. Discuss how business can discourage unethical behavior
2. Explain the relationship between law and ethics
3. Compare duty-based ethics and utilitarian ethics
4. Identify ethical problems in the global context
Key yTerms
business yethics: yEthics yin ya ybusiness ycontext; ya yconsensus yof ywhat yconstitutes yright
yor ywrong ybehavior yin ythe yworld yof ybusiness yand ythe yapplication yof ymoral yprinciples yto
ysituations ythat yariseyin ya ybusiness ysetting.
categorical yimperative: yA yconcept ydeveloped yby ythe yphilosopher yImmanuel yKant yas
yan yethicalyguideline yfor ybehavior. yIn ydeciding ywhether yan yaction yis yright yor ywrong, yor
ydesirable yor yundesirable, ya yperson yshould yevaluate ythe yaction yin yterms yof ywhat ywould
yhappen yif yeverybody yelse yin ythe ysame ysituation, yor ycategory, yacted ythe ysame yway.
corporate ysocial yresponsibility y(CSR): yThe yconcept ythat ycorporations ycan yand
yshould yactyethically yand ybe yaccountable yto ysociety yfor ytheir yactions.
cost-benefit yanalysis: yA ydecision-making ytechnique ythat yinvolves yweighing ythe ycosts yof
ya ygivenyaction yagainst ythe ybenefits yof ythe yaction.
duty-based yethics: yAn yethical yphilosophy yrooted yin ythe yidea ythat yevery yperson yhas
ycertain ydutiesyto yothers, yincluding yboth yhumans yand ythe yplanet. yThose yduties ymay ybe
yderived yfrom yreligious yprinciples yor yfrom yother yphilosophical yreasoning.
ethical yreasoning: yA yreasoning yprocess yin ywhich yan yindividual ylinks yhis yor yher ymoral
yconvictionsyor yethical ystandards yto ythe yparticular ysituation yat yhand.
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website, in whole or in part.