Ethics and Social Responsibility. Chapter 4. Learning Objectives. Explain why ethics are important in business Describe a code of ethics Discuss Ethical Dilemmas Describe Laws that deal with ethical issues Explain the change in corporations’ views of social responsibility
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Ethics: are a set of moral principles or values that govern behavior.
Areas they cover:
One bad decision can make or break a company!
Corporate Gift Giving
Social Responsibility: the obligation that individuals or businesses have to help solve social Problems
Social Audit: a review of a business’s social responsiveness.
Management Careers in Focus