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Business Ethics Now, 6th Edition By Andrew Ghillyer instructor manuals

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Chapter Summary This chapter begins by defining ethics and how people decipher between “right” and “wrong” or “good” and “bad” behavior. It explores how people live their lives acco... rding to a standard of “right” or “wrong” behavior and how their personal set of morals are formed. Society plays a role in the traditions and customs that shape the standards or moral set that people adopt. Common standards shared among individuals can be called values or a values system. Some people have different definitions of ethics such as, personal integrity, rules of appropriate individual behavior, rules of appropriate behavior for a community or society, and some define ethics as simply “doing the right thing.” The Golden Rule—do unto others as you would have them do unto you—is also a goal of living an ethical life by some. There are also some ethical theories discussed, which are divided into three categories—virtue ethics, ethics for the greater good, and universal ethics. The chapter concludes with a discussion on ethical relativism, applied ethics, ethical dilemmas, and how to resolve these situations. Learning Outcomes After studying this chapter, the student should be able to: 1. Define ethics. 2. Explain the role of values in ethical decision making. 3. Understand opposing ethical theories and their limitations. 4. Discuss ethical relativism. 5. Explain an ethical dilemma and apply a process to resolve it. Extended Chapter Outline Frontline Focus “Doing the Right Thing” Questions 1. What would be “the right thing” to do here? How would the “Golden Rule” relate to Megan’s decision? The “right thing” to do here would be to run the Wilson’s application through the standard procedure and approve their application, pending everything in the background check returns as acceptable. The Golden Rule—do unto others as you would have them do unto you—applies to Megan’s decision because she wouldn’t want someone to deny or purposely delay her application because of her ethnicity [Show More]

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