About This Chapter
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
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.
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.
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.
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. 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.
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. 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.
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.
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.
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.
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.
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.
Earning College Credit
Did you know… We have over 200 college courses that prepare you to earn credit by exam that is accepted by over 1,500 colleges and universities. You can test out of the first two years of college and save thousands off your degree. Anyone can earn credit-by-exam regardless of age or education level.
To learn more, visit our Earning Credit Page
Transferring credit to the school of your choice
Not sure what college you want to attend yet? Study.com has thousands of articles about every imaginable degree, area of study and career path that can help you find the school that's right for you.
Other chapters within the UExcel Business Ethics: Study Guide & Test Prep course
- Business, Government & Society Overview
- The Interaction of Business, Government & Society
- Understanding Management & Stakeholders in Business
- Public Affairs & Crisis Management for Business
- Employer-Employee Relationships
- Promoting Diversity in the Workforce
- Stockholders & Corporate Governance
- Corporate Social Responsibility & the Community
- Consumer Rights & Protections
- The Importance of Ethics in Advertising
- Business & Special Interest Groups
- The US Government & Legislation
- Regulations & Public Policy for Business
- The Judicial Branch of the US Government
- Business & Antitrust Laws
- Global Business Environment Overview
- Understanding International Trade & Business Law
- Understanding Technology in Business
- Understanding Environmental Issues in Business
- UExcel Business Ethics Flashcards