This document discusses why studying ethics is important for business students. It notes that several major corporate scandals in the early 2000s like Enron showed the consequences of unethical behavior and lack of ethics education. These scandals led to new regulations like Sarbanes-Oxley that require companies to have ethics codes. The goals of business ethics education are to help students understand ethical issues, develop skills to evaluate them, and appreciate leading an ethical life. With globalization, businesses also need ethics to manage legal, financial, and reputational risks.