This document outlines key concepts from Chapter 3 of Essentials of the Legal Environment Today, 5th Edition. It discusses business ethics, explaining that ethics involves evaluating right and wrong behavior. It also explores duty-based and outcome-based ethical standards. The document provides a 5-step process for making ethical business decisions and stresses the importance of ethical leadership. It concludes by examining some ethical issues that can arise in international business, such as foreign supplier practices and anti-bribery laws.