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Those to adhere to this rights theory believe that a key factor in determining whether a business decision is ethical is how that decision affects the rights of others. There are lots of legal maneuvers that are not all that ethical. In writing the legal and ethical environment of business, terence lau and lisa johnson had simple aims. To present the often overwhelming legal environment of business in an exciting and relevant way. Ordinance a regulation enacted by a city or county legislative body that becomes part of. Add a downloadable version including pdf or full color printed textbook if you prefer to read that way. Trade regulations, contracts, and prohibited activities in international business. Business ethics and the legal environment of business scribd. As a matter of fact, the business school has a whole class on the study of business ethics while we have one chapter and that is all we have time for. Acceptable business behavior medicorp corporate social responsibility in family business. To make good business decisions, a basic knowledge. Simply put, what is legal is not necessarily ethical.
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Product details the legal and ethical environment of business. Test bank introduction to business statistics, 7th edition by ronald m. In business, ethical decisions are the application of moral and ethical principles to the marketplace and workplace. The legal and ethical environment of business book. Business ethics is a type of applied ethics that examine ethical principles and moral that arises in a business environment.
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Social responsibility takes into consideration the aspect of a business being able to handle social aspects that affect the business, environmental aspects and rights of the persons who are working in an organization. Oct 07, 2011 business ethics are about applying the virtues and discipline of ethics to business behavior. Affordable learning georgia grants collections are intended to provide faculty with the frameworks to quickly implement or revise the same materials as a textbook transformation grants team, along with the aims. Aspen publishers the legal environment of business and. A contract clause that restricts competition for a specified period of time, within a certain geographic region, and for specified activities. It is in light of this that governments and employers are pushing for ethical and social responsibility as these theories proves.