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Ch 2: Understanding Business Ethics

About This Chapter

Review fundamental business ethics concepts with this mobile-friendly business chapter. You'll work through a series of short lessons and quizzes that are designed to improve your business ethics knowledge for class, homework, exams, work or personal interest.

Understanding Business Ethics - Chapter Summary

Check out this convenient online business chapter to improve your understanding of business ethics. Our expert instructors use a simplified and engaging teaching style to break down a variety of essential business ethics concepts, including ethical problems, ethical and unethical behaviors, business ethics policies, organizational citizenship behavior and much more. You can work through the chapter at your own pace, and it's available to study whenever you have free time in your schedule. To help you reinforce your business ethics knowledge, we've included interactive lesson quizzes and a chapter exam. Reviewing the chapter can help you:

  • Summarize several ethics theories and explain the process of ethical decision making
  • Analyze the role of business ethics in modern-day businesses
  • Recognize factors that can affect ethical behavior at work
  • Asses the sources of ethical problems in business and common justifications of unethical behavior
  • Understand why ethics policies, training and reporting programs are important in the workplace
  • Describe the management of ethical behavior in the workplace
  • Evaluate issues related to the organizational ethical climate
  • Define the components of organizational citizenship behavior in the workplace
  • Differentiate between workplace ethics and the law
  • Describe the relationship between ethical behavior and profitability

12 Lessons in Chapter 2: Understanding Business Ethics
Test your knowledge with a 30-question chapter practice test
Theories of Ethics: Rights & Natural Laws

1. 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.

Business Ethics in Contemporary Businesses

2. 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.

Factors that Affect Ethical Behavior in the Workplace

3. 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.

Why Ethical Problems Occur in Business

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.

How People Justify Unethical Behavior

5. How People Justify Unethical Behavior

This lesson will cover how and why people attempt to justify their unethical behavior. We will then discover the methods of justification they may use, including examples.

The Importance of Ethics Policies, Training & Reporting Programs in the Workplace

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.

Managing Ethical Behavior in the Workplace

7. 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.

Organizational Ethical Climate: Definition, Issues & Improvement

8. Organizational Ethical Climate: Definition, Issues & Improvement

Organizational ethical climate refers to the moral atmosphere of the work environment and the level of ethics practiced within a company. Instrumental, caring, law and order, rules, and independence are the five types of ethical climate that can exist in an organization.

Organizational Citizenship Behavior in the Workplace: Definition and Examples

9. Organizational Citizenship Behavior in the Workplace: Definition and Examples

Organizational citizenship is a concept that all companies wish to have but very few can actually achieve. It is rooted in individual employees' view of the company and how they associate themselves with it.

The Difference Between Workplace Ethics and the Law

10. 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.

Ethical Decision Making

11. 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.

Ethical Behavior & Profitability

12. Ethical Behavior & Profitability

In a capitalistic economy, unethical business practices can bring substantial short-term gains. This lesson discusses why ethical business practices are more profitable in the long run even if they seemingly reduce profitability in the short term.

Chapter Practice Exam
Test your knowledge of this chapter with a 30 question practice chapter exam.
Not Taken
Practice Final Exam
Test your knowledge of the entire course with a 50 question practice final exam.
Not Taken

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