About This Chapter
Ethics in Business - Chapter Summary and Learning Objectives
To be successful in business, professionals must understand the ethical implications of organizational or corporate decisions. The video lessons in this chapter explore this matter by taking a look at workplace ethics, business scandals and contemporary ethical issues.
Subject matter experts are only a click away to answer any questions you have. Multiple-choice quizzes follow each lesson to test your understanding of the materials. In these lessons, you'll learn things like:
- The differences between ethics and law
- How legal rights and natural rights differ
- The breaches of ethics in famous business scandals
- The causes of ethical problems
|Business Ethics in Contemporary Businesses||Apply concepts of business ethics to the Enron scandal.|
|Theories of Ethics: Rights & Natural Laws||Compare and contrast legal rights, natural rights, ethics and law.|
|Why Ethical Problems Occur in Business||Examine key factors that lead to ethical problems in the workplace.|
|The Difference between Workplace Ethics and the Law||Understand how ethics can be more subjective than written law.|
|Ethical Issues from Business Scandals: Fraud, Insider Trading & More||Learn ethical lessons about fraud, insider trading, bribery, strikes, and more from famous business scandals.|
1. Business Ethics in Contemporary Businesses
The concept of ethics is easy to give examples of but hard to define. In this lesson, we will discuss ethics and how they apply in the business world, as well as discuss an example of an ethical situation using Enron.
2. Theories of Ethics: Rights & Natural Laws
Legal rights are those rights provided to citizens through the Constitution and other articles of the US legal system. Natural rights are rooted in the ethical, based on what is right or wrong. Learn more about ethics in this lesson.
3. Ethics, Morals & Values in Business: Comparison & Applications
Although they are closely related, morals, ethics, and values are not the same. This lesson explores their differences and the manner in which each influences organizational behavior.
4. Why Ethical Problems Occur in Business
In this lesson, you will learn that ethical problems occur because companies have a lack of integrity, organizational relationship problems, conflicts of interest, and misleading advertising.
5. The Difference Between Workplace Ethics and the Law
In this lesson, you will learn the difference between workplace ethics and the law through a comparison of two employees who each view a situation differently at their job.
6. Ethical Issues from Business Scandals: Fraud, Insider Trading & More
While many people prefer to focus on the good that a company can do for society through philanthropy, corporate social responsibility, providing jobs or simply making a good product, the fact is that companies often make unethical decisions. Learn about some of the ways a company can find itself in hot water.
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Other chapters within the DSST Business Ethics and Society: Study Guide & Test Prep course
- Understanding Ethical Business Leadership
- Foundational Ethical Theories for Business
- Social Responsibilities of a Business
- Government Regulation of Business
- The Relationship Between Employer & Employees
- Ethical Issues in the Workplace
- The Ethics of Labor Relations
- The Ethics of Advertising & Marketing
- The Ethics of Privacy in Business
- Ethics in International Business
- Corporations & Stakeholders
- Global Business & Environmental Ethics
- Business, Government & Society
- DSST Informational Resources
- DSST Business Ethics and Society Flashcards