Chapter 2 Version 2

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Chapter 2 Version 2

  1. 1. Business Law Mr. Whisel Chapter 2 Section 1-3
  2. 2. SECTION 2.1 GOALS <ul><li>Define Ethics </li></ul><ul><li>Describe each element of the definition </li></ul><ul><li>Define Business Ethics </li></ul>
  3. 3. WHAT DO ETHICS MEAN? <ul><li>Lisa found a $20 bill in the girl’s restroom at school. She bought her sister a gift with part of the money and put the rest of the money in her savings </li></ul><ul><li>Joey found $20 in the girl’s restroom. She knew whoever lost the money would probably need it, so she turned the money to the office </li></ul><ul><li>Who is displaying more ethical behavior? </li></ul><ul><li>What would you do? </li></ul>
  4. 4. ETHICS <ul><li>Defining what is right or wrong in a reasoned, impartial manner. </li></ul><ul><ul><li>Elements are </li></ul></ul><ul><ul><ul><li>Right or Wrong </li></ul></ul></ul><ul><ul><ul><li>Reasonable </li></ul></ul></ul><ul><ul><ul><li>Impartial </li></ul></ul></ul>
  5. 5. DECISION ABOUT RIGHT AND WRONG <ul><li>A decision must affect you or someone else in a significant way </li></ul>
  6. 6. REASONED DECISIONS <ul><li>We all perceive things differently, which means one person likes something while the other hates it. </li></ul><ul><li>Think about your decision unemotionally </li></ul><ul><ul><li>Reason right and wrong by referring to a written authority </li></ul></ul><ul><ul><ul><li>Law is that authority </li></ul></ul></ul>
  7. 7. IMPARTIAL DECISIONS <ul><li>The idea that the same ethical standard is applied to everyone. </li></ul>
  8. 8. BUSINESS ETHICS <ul><li>The ethical principles used in making business decisions </li></ul><ul><li>Why doesn’t this happen? </li></ul><ul><ul><li>PROFIT MAXIMIZATION </li></ul></ul><ul><ul><ul><li>To solve this we must replace with humane ethical standards </li></ul></ul></ul><ul><li>This is why business outsource </li></ul>
  9. 9. SECTION 2.1 END QUESTIONS <ul><li>THINK ABOUT LEGAL CONCEPTS </li></ul><ul><li>THINK CRITICALLY ABOUT EVIDENCE </li></ul>
  10. 10. SECTION 2.2 GOALS <ul><li>Reason based on consequences </li></ul><ul><li>Reason using ethical rules </li></ul>
  11. 11. TWO TYPES OF ETHICAL REASON <ul><li>Based on Consequences </li></ul><ul><ul><li>Based on the result of the action </li></ul></ul><ul><ul><li>Good act produces good results </li></ul></ul><ul><ul><li>Bad act produces bad results </li></ul></ul><ul><li>Ethical Rules </li></ul><ul><ul><li>Based on Right or Wrong </li></ul></ul><ul><ul><li>Telling the Truth is always right </li></ul></ul><ul><ul><li>Telling a lie is always wrong </li></ul></ul><ul><li>Both Reach a Similar Conclusions </li></ul>
  12. 12. CONSEQUENCE BASED LEARNING <ul><li>Lying usually produces bad consequences </li></ul><ul><li>Rules based ethics says that lying is always wrong. </li></ul>
  13. 13. STEPS TO TAKE IN DECISION MAKING <ul><li>Describe Alternative Actions </li></ul><ul><li>Forecast Consequences </li></ul><ul><li>Evaluate Consequences </li></ul>
  14. 14. DESCRIBE ALTERNATIVE ACTIONS <ul><li>Think of all possible ways to do the thing it is that your trying to accomplish </li></ul>
  15. 15. FORECAST CONSEQUENCES <ul><li>Figure out what the result would be of each of the Alternative Actions that you planned </li></ul>
  16. 16. EVALUATE CONSEQUENCES <ul><li>Figure out which is a lesser consequence or good consequence. </li></ul><ul><ul><li>What is right and wrong? </li></ul></ul><ul><ul><li>Who is going to affect? </li></ul></ul><ul><li>The Good </li></ul><ul><ul><li>Primary concern toward will human life should be directed </li></ul></ul>
  17. 17. FUNDAMENTAL ETHICAL RULES <ul><li>Acts are judged as right or wrong </li></ul><ul><li>Two sources </li></ul><ul><ul><li>Authority-Law Based </li></ul></ul><ul><ul><li>Human Reasoning-Would you like this to be done to you? </li></ul></ul><ul><li>Universalizing-picturing everyone doing what you were about to do. </li></ul>
  18. 18. MORAL RIGHTS AND BELIEFS <ul><li>Rightful claims on other people that flow from each person’s status as a human being </li></ul>
  19. 19. SECTION 2.2 END QUESTIONS <ul><li>THINK ABOUT LEGAL CONCEPTS </li></ul><ul><li>THINK CRITICALLY ABOUT EVIDENCE </li></ul>
  20. 20. SECTION 2.3 GOALS <ul><li>Explain how our laws reflect ethics based on consequences and ethics based on reasoning </li></ul><ul><li>Discuss why we are obligated to obey laws </li></ul>
  21. 21. MAJORITY RULE <ul><li>Laws accepted to the majority of the people </li></ul><ul><li>People determine the laws that bind them due to the elected officials that they elected </li></ul><ul><ul><li>Presidential Campaign </li></ul></ul>
  22. 22. ETHICS EXPRESSED <ul><li>Constitution seeks to ensure that our federal lawmaking system reflects the desires of our citizens </li></ul><ul><li>Created legislature-Congress </li></ul><ul><ul><li>House of Representitives </li></ul></ul><ul><ul><li>Senate </li></ul></ul>
  23. 23. FIFTH AMENDMENT <ul><li>No person shall be deprived of life, liberty, or property without due process of law </li></ul>
  24. 24. CIVIL RIGHTS OR CIVIL LIBERTIES <ul><li>Generally are personal, human rights recognized and guaranteed by our Constitution </li></ul><ul><ul><li>Freedom of Religion </li></ul></ul><ul><ul><li>Freedom of Speech </li></ul></ul><ul><ul><li>Freedom of Press </li></ul></ul><ul><ul><li>Freedom from Unreasonable Search and Seizures </li></ul></ul><ul><ul><li>Right to a speedy and impartial trial </li></ul></ul><ul><ul><li>Right to Vote </li></ul></ul><ul><ul><li>And many more….. </li></ul></ul>
  25. 25. <ul><li>We hold these truths to be self-evident, that all men are created equal, that they are endowed by their Creator with certain unalienable Rights, that among these Life, Liberty, and the Pursuit of Happiness. </li></ul>
  26. 26. ETHICAL GOAL REFLECTED <ul><li>Fairness </li></ul><ul><li>Teacher Example </li></ul>
  27. 27. WHY DO WE HAVE TO LISTEN? <ul><li>Ethical Reason demands us to obey </li></ul><ul><li>Imagine what it would be like! </li></ul>
  28. 28. SOCRATES <ul><li>Read Page 27-28 </li></ul><ul><li>Integrity </li></ul><ul><ul><li>Capacity to do what is right even in the face of temptation or pressure to do otherwise </li></ul></ul>
  29. 29. AVOID PUNISHMENT <ul><li>Fidelity Bond </li></ul><ul><ul><li>Insurance policy that pays the employer in case of theft by employees </li></ul></ul>
  30. 30. JUSTIFIED VIOLATION OF THE LAW <ul><li>Civil Disobedience </li></ul><ul><ul><li>Open, peaceful, violation of the law to protest its alleged injustice. </li></ul></ul><ul><ul><li>Ethical when: </li></ul></ul><ul><ul><ul><li>A written law is in conflict with ethical reasoning </li></ul></ul></ul><ul><ul><ul><li>No effective political methods are available to change the law </li></ul></ul></ul><ul><ul><ul><li>The civil disobedience is nonviolent </li></ul></ul></ul><ul><ul><ul><li>The civil disobedience does not advance one’s immediate self-interest </li></ul></ul></ul><ul><ul><ul><li>The civil disobedience is public and one willingly accepts the punishment for violation the law. </li></ul></ul></ul><ul><ul><li>Scafflaws- People who do not respect the law </li></ul></ul>
  31. 31. SECTION 2.3 END QUESTIONS <ul><li>THINK ABOUT LEGAL CONCEPTS </li></ul><ul><li>THINK CRITICALLY ABOUT EVIDENCE </li></ul>
  32. 32. CHAPTER IN REVIEW <ul><li>Pg 30-32 </li></ul><ul><li>THE END </li></ul>

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