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PowerPoint_Chapter_2 - Kulper Econ 189 Kulper 1 Ethics...

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Kulper - Econ 189 Kulper - Econ 189 1
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Kulper - Econ 189 Kulper - Econ 189 2 Ethics Ethics Ethics is the study of how people ought to act. Law and ethics may not always agree. .. Sometimes it is ethical to commit an illegal act. .. And some legal acts are unethical !
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Kulper - Econ 189 Kulper - Econ 189 3 Why Bother With Ethics? u Society as a whole benefits by encouraging economic competition; no one wants to compete with unfair competitors. There is little evidence that ethical behavior increases profits or that unethical behavior decreases profits… so why bother? t People feel better when they behave ethically. u Unethical behavior can be costly, if there is public outrage leading to a boycott.
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Kulper - Econ 189 Kulper - Econ 189 4 What is Ethical Behavior? Questions to Ensure Ethical Behavior u What are the facts? u What are the critical issues? u Who are the stakeholders? u What are the alternatives? u
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PowerPoint_Chapter_2 - Kulper Econ 189 Kulper 1 Ethics...

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