TAILIEUCHUNG - Lecture Dynamic business law (3/e) - Chapter 2: Business ethics

After reading this chapter, you will be able to answer the following questions: What are business ethics and the social responsibility of business? How are business law and business ethics related? How can we use the WPH framework for ethical business decisions? | Chapter 2 Business Ethics Copyright © 2015 McGraw-Hill Education. All rights reserved. No reproduction or distribution without the prior written consent of McGraw-Hill Education. Chapter 2: Business Ethics Business Ethics and Social Responsibility Ethics: The study and practice of decisions about what is good or right Business Ethics: The application of ethics to the problems and opportunities experienced by businesspeople Ethical Dilemma: A problem about what a firm should do for which no clear, right decision is available Social Responsibility of Business: Expectations that the community imposes on firms doing business inside its borders In addressing the topics of business ethics and social responsibility, several key topics are important to comprehend. First, “ethics” is the study and practice of decisions about what is good or right. Second, “business ethics” is the application of ethics to the problems and opportunities experienced by businesspeople. Third, an “ethical dilemma” is a problem regarding what a firm should do in situations where no clear, just decision is available. Finally the “social responsibility” of business represents expectations that the community imposes on firms doing business within its borders. The “WPH” Process of Ethical Decision Making: W—WHO (Stakeholders) Consumers Owners or Investors Management Employees Community Future Generations The “WPH” process of ethical decision-making first involves a determination of “who” is affected by the decision-making process. These individuals are known as “stakeholders,” and include consumers, owners or investors, management, employees, the community-at-large, and future generations. The “WPH” Process of Ethical Decision Making: P—PURPOSE (Values) Freedom Security Justice Efficiency The “WPH” process of ethical decision-making next involves a determination of the “purpose” or “values” involved in the decision-making process. These purposes or values include freedom, security, .

• Kinh tế học
• Dynamic business law
• Business law
• Legal environment of business
• Business organizations
• Business ethics
• Primary values
• Lecture Dynamic business law
• Classification of law
• Criminal law
• Business crime
• Administrative law
• Administrative agency
• Constitutional law
• Constitutional principles
• Tort law
• Classification of torts
• Consumer law
• Consumer health
• Discrimination law
• Major federal administrative agencies Classification of law
• Major federal administrative agencies
• Contract law
• Classification of contracts
• Agency law
• Agency relationships
• Rules of consideration
• Forms of business organization
• Antitrust law
• Antitrust law rationale
• Legal system
• Subject matter jurisdiction
• Intellectual property
• Real property
• Reality of assent
• Undue influence
• Contracts in writing
• Statute of frauds
• Lease contracts
• Contract remedies
• Perfect tender
• Negotiable instruments
• Requirements for negotiability
• Signature liability
• Parties signing negotiable instrument
• Secured transactions
• Scope of security interest
• Characteristics of partnership
• Formation of partnership
• Characteristics of corporations
• Corporate powers