III. Ethics and the Law Chapter 2 ETHICS Lesson Objectives

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III. Ethics and the Law Chapter 2 ETHICS Lesson Objectives 4/9/2019 Chapter 2 BHS Law Related Education Law I Chapter 2 ETHICS III. Ethics and the Law Lesson Objectives Define Ethics. Analyze and Describe the Elements of Ethical Decision Making. Analyze and Explain Consequence Based Reasoning v. Rule Based Reasoning. Evaluate Business Ethics and Corporate Social Responsibility in the Market Economy.

A. What is Ethics? What Is The Right Thing? Family School Religion CHAPTER 1 4/9/2019 Chapter 2 BHS Law Related Education Law I Chapter 2 ETHICS A. What is Ethics? The Book Definition: Ethics is deciding what is right or wrong in a reasoned, impartial manner. Our Definition: DO THE RIGHT THING! What Is The Right Thing? Family School Religion Friends Media

B. The Elements of Ethical Decision Making. CHAPTER 1 4/9/2019 Chapter 2 BHS Law Related Education Law I Chapter 2 ETHICS B. The Elements of Ethical Decision Making. Three Important elements of ethical decision making: Decision about a right or wrong action. (To involve ethics a decision must involve you or other people in a significant way.) Decision is based on reason and not based on emotion or reaction. Decision is impartial. (Applying the same rules to everyone.)

C. Consequence Based Reasoning v. Rule Based Reasoning. CHAPTER 1 4/9/2019 Chapter 2 BHS Law Related Education Law I Chapter 2 ETHICS C. Consequence Based Reasoning v. Rule Based Reasoning. Ethical reasoning based on consequences: Describe alternative actions. Forecast consequences. Evaluate consequences. Ethical reasoning based on rules: Decisions based on the rule of law. Decisions based on reasoning. Example: Stop light at 3 a.m.

D. Business Ethics and the Market Economy CHAPTER 1 4/9/2019 Chapter 2 BHS Law Related Education Law I Chapter 2 ETHICS D. Business Ethics and the Market Economy Business Ethics- Ethical principles used in making business decisions. Market Economy- Economic system where individuals are free to engage in business transactions where the objective is to earn a profit. CAN CONFLICT OCCUR? Liebeck v. McDonald’s Grimshaw v. Ford Motor Co.