Jentz 11e-IM-Ch05 - Chapter5 Title BusLawSeal.eps Creator...

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Chapter 5 Ethics and Business Decision Making    See Separate Lecture Outline System I NTRODUCTION Among the concepts examined in this chapter is the nature of business ethics and the relationship between ethics and the law.  Because of this relationship, a careful study of business law will help your students to un- derstand what is and what is not considered by society to be ethical behavior in business.  Throughout the text, the   relation   between   particular   laws   and   the   broad,   underlying   ethical   premises   on   which   they   rest   is discussed. This   chapter   also   presents   issues   that   are   involved   in   determining   business   ethical   responsibility. Business ethics involves the application of ethical standards to business activities. Ultimately, the goal of this chapter is to provide students with basic tools for analyzing ethical and social responsibility issues in a business context.  Exactly how to decide these issues is something each person must do alone, on the basis of his or her own convictions.   Questions students must ask themselves include (1) what are their ethical criteria?  (2) how would they apply those criteria in a particular situation?  (3) how can they best adapt their standards to the kinds of ethical and social responsibility issues that they will face in the business world? A DDITIONAL  R ESOURCES 77
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78           INSTRUCTOR’S MANUAL TO ACCOMPANY  BUSINESS LAW ,  ELEVENTH EDITION A UDIO  & V IDEO  S UPPLEMENTS The following  audio and video supplements  relate to topics discussed in this chapter— PowerPoint Slides To highlight some of this chapter’s key points, you might use the Lecture Review PowerPoint slides compiled for Chapter 5. PBS Ethics in America Series Video No. 3, entitled  Public Trusts, Private Interests,  looks at the role played by ethics in the “business of government.” Video No. 5, entitled   Anatomy of a Corporate Takeover,   examines ethics in the corporate context of today.  Why do businesspersons such as T. Boone Pickens (who is a member of the panel) engage in corporate takeovers?  Is the purpose of the corporation solely to make money, or do corporations have social or community responsibilities also?  These are some of the questions raised in this video. Video No. 8, entitled  Truth on Trial,  focuses on truth and morality in the courtroom.  The question at issue is whether the adversarial system of justice and the “courtroom truth” that results lead to an ethical result.
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