New User Special Price Expires in

Let's log you in.

Sign in with Facebook


Don't have a StudySoup account? Create one here!


Create a StudySoup account

Be part of our community, it's free to join!

Sign up with Facebook


Create your account
By creating an account you agree to StudySoup's terms and conditions and privacy policy

Already have a StudySoup account? Login here


by: Mr. Reginald O'Reilly


Marketplace > Appalachian State University > Law > LAW 2150 > LEGAL ENVIRON OF BUS
Mr. Reginald O'Reilly
GPA 3.56

Richard Mattar

Almost Ready


These notes were just uploaded, and will be ready to view shortly.

Purchase these notes here, or revisit this page.

Either way, we'll remind you when they're ready :)

Preview These Notes for FREE

Get a free preview of these Notes, just enter your email below.

Unlock Preview
Unlock Preview

Preview these materials now for free

Why put in your email? Get access to more of this material and other relevant free materials for your school

View Preview

About this Document

Richard Mattar
Class Notes
25 ?




Popular in Course

Popular in Law

This 2 page Class Notes was uploaded by Mr. Reginald O'Reilly on Friday October 2, 2015. The Class Notes belongs to LAW 2150 at Appalachian State University taught by Richard Mattar in Fall. Since its upload, it has received 7 views. For similar materials see /class/217674/law-2150-appalachian-state-university in Law at Appalachian State University.




Report this Material


What is Karma?


Karma is the currency of StudySoup.

You can buy or earn more Karma at anytime and redeem it for class notes, study guides, flashcards, and more!

Date Created: 10/02/15
Exam 1 Notes Chapter Four Business Ethics 0 Ethics the study of what constitutes right or wrong behavior morality and the way moral principles are derived 0 Fairness justness rightness 0r wrongness of an action 0 Business Ethics 7 focuses on what is right and wrong behavior in the business world how businesses apply moral and ethical principles to situations that arise in the workplace 0 An indepth understanding of business ethics is important to the longrun viability of any corporation today Common Reasons Why Ethical Problems Occur o Desire to increase sales or not to lose them and increase pro ts and market value 0 ShOIt Run Pro t Maximization o Short Run vs Long Run 0 Determining Society s Rules The Role of Corporate In uence The Importance of Ethical Leadership 0 Higher ups must set standards 0 Attitude of Top Management 0 Employees take their cues from management 0 Behavior of Owners and Managers Approaches to Ethical Reasoning 0 Ethical Reasoning 7 reasoning process in which the individual examines the situation at hand in light of his or her moral convictions 0r ethical standards Duty Based Ethics 0 Duty Based Ethics are derived from revealed truths such as religious precepts or through philosophical reasoning 0 Religious Ethical Standards 0 Ten Commandments o Kantian Ethics 7 philosophical reasoning moral integrity and the capacity to reason and conduct their affairs rationally o Categorical Imperative 7 everyone should evaluate their actions in light of the consequences that would follow if everyone in society acted in the same way 0 The Principle of Rights 7 human beings have basic rights a key factor in determining whether a business decision is ethical is how that decision affects the rights of others Outcome Based Ethics Utilitarianism o The greatest good for the greatest number 0 Utilitarianism is outcome oriented focuses on the consequences of an action not on the nature of the action itself or on any set of preestablished moral values or religious beliefs 0 Determination of which individuals will be affected by the action in question 0 A cost bene t analysis an assessment of the negative and positive effects of alternative actions on these individuals 0 A choice among alternative actions that will produce maximum societal utility the greatest positive net benefits for the greatest number of individuals Corporate Social Responsibility 0 Corporate Social Responsibility 7 the idea that those who run corporations can and should act ethically and be accountable to society for their actions 0 Stakeholder Approach 7 corporations have a duty not just to shareholders but also to other groups affected by corporate decisions Corporate Citizenship 7 corporations should behave as good citizens by promoting goals that society deems worthwhile and taking positive steps towards O solving social problems Creating Ethical Codes of Conduct 0 A well written code of ethics explicitly states a company s ethical priorities and demonstrates the company s ethical priorities and demonstrates the company s commitment to ethical behavior Providing Ethics Training to Employees The Sarbanes Oxley Act and Web Based Reporting Systems 0 Sarbanes Oxley Act of 2002 requires that companies set up confidential systems so that employees and other can raise red ags about suspected illegal or O O unethical auditing and accounting practices


Buy Material

Are you sure you want to buy this material for

25 Karma

Buy Material

BOOM! Enjoy Your Free Notes!

We've added these Notes to your profile, click here to view them now.


You're already Subscribed!

Looks like you've already subscribed to StudySoup, you won't need to purchase another subscription to get this material. To access this material simply click 'View Full Document'

Why people love StudySoup

Steve Martinelli UC Los Angeles

"There's no way I would have passed my Organic Chemistry class this semester without the notes and study guides I got from StudySoup."

Janice Dongeun University of Washington

"I used the money I made selling my notes & study guides to pay for spring break in Olympia, Washington...which was Sweet!"

Bentley McCaw University of Florida

"I was shooting for a perfect 4.0 GPA this semester. Having StudySoup as a study aid was critical to helping me achieve my goal...and I nailed it!"

Parker Thompson 500 Startups

"It's a great way for students to improve their educational experience and it seemed like a product that everybody wants, so all the people participating are winning."

Become an Elite Notetaker and start selling your notes online!

Refund Policy


All subscriptions to StudySoup are paid in full at the time of subscribing. To change your credit card information or to cancel your subscription, go to "Edit Settings". All credit card information will be available there. If you should decide to cancel your subscription, it will continue to be valid until the next payment period, as all payments for the current period were made in advance. For special circumstances, please email


StudySoup has more than 1 million course-specific study resources to help students study smarter. If you’re having trouble finding what you’re looking for, our customer support team can help you find what you need! Feel free to contact them here:

Recurring Subscriptions: If you have canceled your recurring subscription on the day of renewal and have not downloaded any documents, you may request a refund by submitting an email to

Satisfaction Guarantee: If you’re not satisfied with your subscription, you can contact us for further help. Contact must be made within 3 business days of your subscription purchase and your refund request will be subject for review.

Please Note: Refunds can never be provided more than 30 days after the initial purchase date regardless of your activity on the site.