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, Business Law: Text & Exercises (MindTap Course List)
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Chapter 1 YB
Table of Contents YB YB
Purpose and Perspective of the Chapter ............................................................................................................... 2
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Cengage Supplements .................................................................................................................................................. 2
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List of Student Downloads...................................................................................................................................... 2
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Chapter Objectives ......................................................................................................................................................... 2
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Key Terms........................................................................................................................................................................... 2
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What's New in This Chapter ....................................................................................................................................... 3
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Chapter Outline ............................................................................................................................................................... 4
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Discussion Questions..................................................................................................................................................... 8
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Additional Resources .................................................................................................................................................. 10
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Cengage Video Resources ................................................................................................................................... 10
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Appendix ......................................................................................................................................................................... 10
Generic Rubrics ........................................................................................................................................................ 10
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Standard Writing Rubric ....................................................................................................................................... 10
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Standard Discussion Rubric ................................................................................................................................. 12
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, Business Law: Text & Exercises (MindTap Course List) YB YB YB YB YB YB YB
Purpose and Perspective of the Chapter YB YB YB YB YB
The purpose of this chapter is to examine the relationship between law and ethics. The chapt
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erpresents issues involved to determining the ethical responsibilities of businesses and provid
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es students a framework for analyzing and making ethical decisions.
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Cengage Supplements YB
The following product-
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level supplements provide additional information that may help you inpreparing your course
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. They are available in the Instructor Resource Center.
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• PowerPoint Deck YB
List of Student Downloads YB YB YB
Students should download the following items from the Student Companion Center to complet
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ethe activities and assignments related to this chapter:
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• PowerPoint Deck (without teaching notes, activities, or answers)
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Chapter Objectives YB
The following objectives are addressed in this chapter:
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1. Discuss how business can discourage unethical behavior YB YB YB YB YB YB
2. Explain the relationship between law and ethics YB YB YB YB YB YB
3. Compare duty-based ethics and utilitarian ethics YB YB YB YB YB
4. Identify ethical problems in the global context YB YB YB YB YB YB
Key Terms YB
business ethics: Ethics in a business context; a consensus of what constitutes right or wrong
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behavior in the world of business and the application of moral principles to situations that aris
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ein a business setting.
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categorical imperative: A concept developed by the philosopher Immanuel Kant as an ethic
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alguideline for behavior. In deciding whether an action is right or wrong, or desirable or unde
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sirable, a person should evaluate the action in terms of what would happen if everybody else
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in the same situation, or category, acted the same way.
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corporate social responsibility (CSR): The concept that corporations can and should a
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ctethically and be accountable to society for their actions.
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cost-benefit analysis: A decision- YB YB YB
making technique that involves weighing the costs of a givenaction against the benefits of the
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Baction.
duty-
based ethics: An ethical philosophy rooted in the idea that every person has certain dutiesto o
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thers, including both humans and the planet. Those duties may be derived from religious princi
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ples or from other philosophical reasoning.
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, Business Law: Text & Exercises (MindTap Course List)
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ethical reasoning: A reasoning process in which an individual links his or her moral convictio
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nsor ethical standards to the particular situation at hand.
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