About This Chapter
MTTC: Business Ethics - Chapter Summary
Let our instructors take you through the concepts and key terms of business ethics. In this chapter, you will find lessons covering the following topics:
- Ethics in today's business world
- Reasons that ethical problems occur in business
- Differences between workplace ethics and the law
- Factors affecting ethical workplace behavior
- Compliance- and integrity-based codes of ethics
- Ethics policies, training and reporting programs
- The effect of ethics on employer-employee relationships
- Defining ethical issues in human resources
- Management of ethical behavior in the workplace
- Issues involved in ethical decision making
- Social responsibility in business organizations
Experienced instructors break down the complexities of business ethics into easy-to-understand components using real world examples and interesting visuals. Lessons are short and can be re-watched multiple times. Take the quizzes to quickly assess your mastery of each lesson's materials.
MTTC: Business Ethics Chapter Objectives
The state of Michigan requires entry-level educators to take the MTTC Business, Management, Marketing and Technology test to become certified to teach this subject matter. All 100 test questions are multiple choice and divided evenly among four major subject areas - business, management, marketing and technology. You will have 4 and 1/2 hours to complete the test.
Business ethics content is covered under objectives in the business, management and technology subareas. Take our multiple-choice quizzes and chapter exam to practice answering ethics questions in the format found on the test.
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. 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.
3. 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.
4. Factors that Affect Ethical Behavior in the Workplace
This lesson will help you understand the factors that affect ethical behavior in the workplace and allow you to consider your own ethical decision making standards.
5. Code of Ethics: Compliance-based and Integrity-based
A business may develop a code of ethics for different reasons. In this lesson, you'll learn what a code of ethics is and the difference between a compliance-based code of ethics and an integrity-based code of ethics.
6. The Importance of Ethics Policies, Training & Reporting Programs in the Workplace
In this lesson, you will learn the importance of ethics policies, training and reporting programs in the workplace that help provide safeguards to maintain an ethical environment.
7. The Ethics of the Employer-Employee Relationship & Its Effect on Stakeholders
The employer-employee relationship must be ethically sound. There are specific requirements that each side expects in order to respect the employment relationship and its effect on stakeholders.
8. Ethical Issues in HR: Definition & Importance
Unethical behavior from a business can create problems with regulators and have adverse effects on a company's bottom line. In this lesson, you'll learn about ethical issues relevant to HR and the importance of ethical organizational behavior.
9. Managing Ethical Behavior in the Workplace
Ethics are important in the business world. In this lesson, you will learn the techniques that managers use to command ethical behavior in the workplace.
10. Ethical Decision Making
We have to make decisions every day, and many of these decisions have an ethical dimension. In this lesson, you'll learn about ethical decision-making and a process you can use to make ethically sound decisions. A short quiz follows.
11. Social Responsibility in Organizations
Watch this video lesson to learn how companies put into practice their social responsibilities. Learn how a socially responsible company helps the environment, people, and employees along with giving freely to society.
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Other chapters within the MTTC Business, Management, Marketing & Technology (098): Practice & Study Guide course
- MTTC: Accounting
- MTTC: Account Types
- MTTC: Financial Statements
- MTTC: Financial Planning & Markets
- MTTC: Taxation & Liability
- MTTC: Business Math
- MTTC: Business Communication Strategies
- MTTC: Types of Business Communication
- MTTC: Regulation in Business
- MTTC: Business Law
- MTTC: Management & Leadership
- MTTC: Human Resource Management
- MTTC: Human Resource Processes
- MTTC: Labor Relations
- MTTC: Macroeconomics
- MTTC: Microeconomics
- MTTC: Personal Finance
- MTTC: Managing Debt & Risk
- MTTC: Marketing Strategy
- MTTC: Consumer Marketing
- MTTC: Marketing Channels & Distribution
- MTTC: Marketing Economics
- MTTC: Entrepreneurship
- MTTC: International Trade & Marketing
- MTTC: Information Technology in Business
- MTTC: Information Systems
- MTTC: Hardware & Software
- MTTC: Security & Privacy
- MTTC: Career Management
- MTTC Business, Management, Marketing & Technology Flashcards