| A | B |
|---|
| Ethics | Involves personal morals and values. |
| Legality | Involves government laws. |
| Ethics | A set of moral principles or values that govern behavior. |
| Ethics | What people feel are 'right' and 'wrong.' |
| Ethics | Like individuals, business also develop. |
| Ethics | In management this is very difficult. |
| Codes of Ethics | A document that outlines the principles of conduct to be used in making decisions within an organization. |
| Codes of Ethics | Helps managers to know how to respond ethically to different business situations. |
| Codes of Ethics | Most corporations in the US have them. |
| Codes of Ethics | Formal documents that are shared with employees. |
| Codes of Ethics | Must be enforced to be effective. |
| Areas of Codes of Ethics | Honesty, Proudct safety and quality, and Selling and marketing. |
| Areas of Codes of Ethics | Trading, Security, Payment to obtain business. |
| Ethical Decisions | Have very important consequences for individuals and their company. |
| Hurt or End | Behaving unethically can do what to a business person's career? |
| Millions | Behaving unethically can cause a company to lose how much. |
| Employee theft, lying about hours worked, falsifying records | 3 Major Areas of Behaving Honestly |
| Employee Theft | Employers trust their employees not to steal from them. |
| Employee Theft | Examples are: embezzle money or steal supplies, except bribes, submit false expense accounts. |
| Lying About Hours Worked | Employees do not take advantage if they work from home or away from their boss. |
| Lying About Hours Worked | Ethical employees do not pretend to be sick to stay home. |
| Falsifying Records | One of the worst ethical problems. |
| Falsifying Records | This can cause grave damage to a company's reputation. |
| Falsifying Records | This can cause people to become ill or die. |
| Standards of business ethics. | Differ around the world. |
| Business Managers | Must be aware of the different standards if they work in foreign countries. |
| Guidelines | Must be set for companies on how to operate in and out of their own culture. |
| Gift-giving customs | Differ around the world. |
