Reference no: EM13950107

1. Other than ethical values, what values might a business manager use in reaching decisions? Are there classes in your college curriculum, other than ethics, which advise you about proper and correct ways to act and decide?

2. Why might legal rules be insufficient for fulfilling one's ethical responsibilities? Can you think of cases in which a business person has done something legally right, but ethically wrong? What about the opposite-are there situations in which a business person might have acted in a way that was legally wrong but ethically right?

3. What might be some benefits and costs of acting unethically in business? Distinguish between benefits and harms to the individual and benefits and harms to the firm.

4. Review the distinction between personal morality and matters of social ethics. Can you think of cases in which some decisions would be valuable as a matter of social policy, but bad as a matter of personal ethics? Something good as a matter of personal ethics and bad as a matter of social policy?

5. Every year, Ethisphere Magazine publishes a list of the world's most ethical companies. Go to its website; find and evaluate their rating methodology and criteria; and engage in an assessment (i.e., provide suggestion for any modification you might make or a more or less comprehensive list, and so on).