Ethics: Manner by which we try to live our lives according to a standard of right or wrong
Factors that influence the morality of ethics:
1. How one was raised.
2. Ones religion.
3. Tradition & Beliefs.
4. Society: structured community
Corporate governance: system by which business corporations are directed & controlled.
Good corporate governance - Plays a vital role in underpinning the integrity & efficiency of financial
Poor corporate governance - Weakens a companys po
Corporate Governance- system by which business corporations are directed & controlled.
o Long Term vs. Short Term Orientation
Good Corporate Governance- plays a vital role in underpinning the integrity &
efficiency of financial markets.
Ethics & Globalization
Business transactions in different countries, different languages, & different cultures force
companies to revisit ethical principles.
Less Developed vs. Developed Nations
Globalization- expansion of international trade to a poin
Business EthicsChapter 1
Ethics- manner by which we try to live our lives according to a standard of right or wrong
o In both how we think & behave towards others and how we would like them to think &
behave towards us.
Factors that influence t
Ch. 7 Business Ethics Review Questions
1.) Most obviously, at this very moment Frank needs to take a deep breath and calm down. He is all
wound up and may act irrationally in his current state, so he needs to just relax and calm himself
Review Exercises- Business Ethics
Review Questions: p.164
1.) I do not believe global businesses would be willing to subscribe to a global code of conduct
because it would essentially eliminate their main reason for going global. The main reason
Ch. 5 Review Assignment
Anheuser Busch InBev
The rules established by the Board of Directors supports their business
o Responsible management
o Proper control
The rules are there to establish a framework of
o Best practices
Business Ethics- Ch. 3 Review Exercises
Review Question- p.52
2.) Personally, I dont believe any section of an organization should be the ethics
champion. I believe everybody in the organization should know the organizations
code of ethics nearly inside a
Ch. 8 Review Exercises- Business Ethics
Review Questions p.143
1.) I believe you should be allowed to surf the web at work as long as you are on your break and are
viewing appropriate websites. I am not saying it is okay to go spend an hour bidding on an
Ch. 4 Review Question- Business Ethics
2.) Depending upon the product, the CSR policies of an organization may have an
impact on the decision to use their product or not. In the case of a necessity, I am
not going to spend a ton of extra
Ch. 2 Homework- Review Questions
1) The purpose of a code of ethics is essentially an outline of how employees of a company or firm are
expected to act and conduct themselves. The code of ethics basically lists out what employees