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Key Terms

Business Ethics Module 7 - What Employees Owe Employers

brand a type of product or service marketed by a particular company under a particular name branding the process of creating, differentiating, and maintaining a particular image and/or reputation for a company, product, or service bribe a paymen...

Summary

Business Ethics Module 8 - Recognizing and Respecting t...

8.1 Diversity and Inclusion in the Workforce A diverse workforce yields many positive outcomes for a company. Access to a deep pool of talent, positive customer experiences, and strong performance are all documented positives. Diversity may also bring some ...

9.4 Ethical Issues in the Provision of Health Care

Business Ethics Module 9 - Professions under the Micros...

LEARNING OBJECTIVES By the end of this section, you will be able to: Identify ethical problems related to the availability and cost of health care in the United States and elsewhere Discuss recent developments in insuring or otherwise providing fo...

9.3 The Insurance Industry

Business Ethics Module 9 - Professions under the Micros...

LEARNING OBJECTIVES By the end of this section, you will be able to: Discuss whether the underlying business model of the insurance industry is an ethical one Identify the reasons why the government offers certain kinds of insurance Discuss the e...

9.2 The Influence of Advertising

Business Ethics Module 9 - Professions under the Micros...

LEARNING OBJECTIVES By the end of this section, you will be able to: Discuss how social media has altered the advertising landscape Explain the influence of advertising on consumers Analyze the potential for subliminal advertising The advertis...

9.1 Entrepreneurship and Start-Up Culture

Business Ethics Module 9 - Professions under the Micros...

LEARNING OBJECTIVES By the end of this section, you will be able to: Identify ethical challenges relating to entrepreneurial start-ups Describe positive and negative effects of growth in a start-up Discuss the role of the founder in instilling an...

Introduction

Business Ethics Module 9 - Professions under the Micros...

Figure 9.1 What are the ethical challenges in entrepreneurship? In social media and advertising? In insurance and health care? This chapter examines these industries through an ethical lens. (credit: modification of “Health Care Medicine Healthy” by “ar13040...

Endnotes

Business Ethics Module 8 - Recognizing and Respecting t...

1. Novid Parsi, “Workplace Diversity and Inclusion Gets Innovative,” Society for Human Resource Management, January 16, 2017. https://www.shrm.org/hr-today/news/hr-magazine/0217/pages/disrupting-diversity-in-the-workplace.aspx. ...

Assessment Questions

Business Ethics Module 8 - Recognizing and Respecting t...

1. Diversity and inclusion at all levels of a private-sector company is ________. A. mandated by federal law B. the approach preferred by many companies C. required by state law in thirty states D. contrary to the company’s fiduciary duty t...

Key Terms

Business Ethics Module 8 - Recognizing and Respecting t...

animal rights the entitlement of nonhuman animals to ethical treatment diversity dividend the financial benefit of improved performance resulting from a diverse workforce inclusion the engagement of all employees in the corporate culture in...

Summary

Business Ethics Module 7 - What Employees Owe Employers

7.1 Loyalty to the Company Although employees’ and employers’ concepts of loyalty have changed, it is reasonable to expect workers to have a basic sense of responsibility to their company and willingness to protect a variety of important assets such as inte...

8.5 Animal Rights and the Implications for Business

Business Ethics Module 8 - Recognizing and Respecting t...

LEARNING OBJECTIVES By the end of this section, you will be able to: Explain rising concerns about corporate treatment of animals Explain the concept of agribusiness ethics Describe the financial implications of animal ethics for business Ethi...

8.4 Income Inequalities

Business Ethics Module 8 - Recognizing and Respecting t...

LEARNING OBJECTIVES By the end of this section, you will be able to: Explain why income inequality is a problem for the United States and the world Analyze the effects of income inequality on the middle class Describe possible solutions to the pr...

8.3 Sexual Identification and Orientation

Business Ethics Module 8 - Recognizing and Respecting t...

LEARNING OBJECTIVES By the end of this section, you will be able to: Explain how sexual identification and orientation are protected by law Discuss the ethical issues raised in the workplace by differences in sexual identification and orientation ...

8.2 Accommodating Different Abilities and Faiths

Business Ethics Module 8 - Recognizing and Respecting t...

LEARNING OBJECTIVES By the end of this section, you will be able to: Identify workplace accommodations often provided for persons with differing abilities Describe workplace accommodations made for religious reasons The traditional definition o...

8.1 Diversity and Inclusion in the Workforce

Business Ethics Module 8 - Recognizing and Respecting t...

LEARNING OBJECTIVES By the end of this section, you will be able to: Explain the benefits of employee diversity in the workplace Discuss the challenges presented by workplace diversity Diversity is not simply a box to be checked; rather, it is ...

Introduction

Business Ethics Module 8 - Recognizing and Respecting t...

Figure 8.1 The globalization of the economy highlights one of the advantages of a diverse workforce that can interact effectively with customers all over the world. (credit outside, clockwise from top left: modification of “GenoPheno” by Cory Zanker/Flickr, ...

Endnotes

Business Ethics Module 7 - What Employees Owe Employers

1. Schmidt v. Blue Lily Farms LLC, No. A08-1398. (Minn. Ct. App. July 21, 2009). 2. Restatement (Second) of Agency, § 394 (1958). 3. Peter Murdock, “The New Reality of Employee Loyalty,” F...

Assessment Questions

Business Ethics Module 7 - What Employees Owe Employers

1. The common law concept that requires an employee to render loyal and faithful service to the employer is ________. A. the duty of confidentiality B. a non-compete agreement C. the duty of loyalty D. trade secret protection correct a...

Key Terms

Business Ethics Module 9 - Professions under the Micros...

advertising commercial messages urging the purchase of new or improved products or services that reach us in every medium: print, online, digital, television, radio, and outdoor Affordable Care Act (ACA) the Patient Protection and Affordable Care Act ...