Business Ethics Notes.pdf - Lesson 7 Introduction to...

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Lesson 7: Introduction to Business Ethics What is business ethics? - Ethics o Study of what is good and evil, right and wrong, and just and unjust - Moral Conduct o Relates to principles of right and wrong in behaviour - Business Ethics o Concerned with good and bad or right and wrong behaviour and practices that take place in business - Ethics and Law o The law reflects society’s codified ethics, and represents an ethical minimum. o Ethics often represent a standard that exceeds the legal minimum Learning Objectives: 1. Describe how the public regards business ethics. 1. Public’s interest in business ethics appears to have increased during the ast 3 decades 2. Public’s interest in business ethics has been spurred by media 2. Define business ethics and appreciate the complexities of making ethical judgments. 1. Business Ethics Definition: 1. The study of what is good and evil, right and wrong, and just and unjust actions in business. It involves a discipline that examines good or bad practices within the context of moral duty and obligation.

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