Essentials of Business Law 9th Edition Anthony Liuzzo Solutions Manual

Essentials of Business Law 9th Edition

Anthony Liuzzo Solutions Manual
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Essentials of Business Law 9th Edition Anthony Liuzzo Solutions Manual

Ch 02 – Ethics and the Law

Essentials of Business Law, 9th edition

INSTRUCTOR’S MANUAL

Chapter 2 Ethics and the Law

LESSON OVERVIEW

In Chapter 1, we discussed the role of law in our world, its sources, and the systems of
courts. The first chapter also briefly discussed the importance of moral and legal
obligations.

In Chapter 2, Ethics and the Law, we will examine the role of ethics in greater detail,
define the terms ethics, morals, and values, and discuss the relationship law shares with
ethics. We will also understand the responsibility and responses of businesses,
governments, and other organizations to upholding ethics and moral practices in the
society. Finally, we emphasize the role of whistleblowers in society as well as the
importance of integrating ethics into the corporate world. Instructors can utilize the
assessment exercise Thinking Critically About the Law to involve students in the subject
and to take an active role in the ethical issues found in today’s society.

CHAPTER OUTLINE

2-1
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whole or part.

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Ch 02 – Ethics and the Law

A. UNETHICAL BEHAVIOR IN OUR WORLD (pp. 20 - 21)

B. ETHICS, MORALS, AND VALUES (p. 21)
C. SOURCES OF GROUP AND INDIVIDUAL VALUES (pp. 21-22)
D. THE RELATIONSHIP BETWEEN LAW AND ETHICS (p. 22)
E. RESPONSES TO ETHICAL ISSUES (p. 22)
1. Responses of Business Firms (pp. 22-24)
2. Responses of Educational Institutions (p. 25)
3. Responses of Governments (p. 25)
4. Responses of Trade and Professional Associations (p. 25)
F. WAYS TO ENSURE ETHICAL PRACTICES (p. 25)
1. Whistleblowing (p. 26)
2. Integration of Ethics into Business and Government (pp. 26-27)
G. CHAPTER SUMMARY (p. 27)
H. CHAPTER ASSESSMENT (p. 27)
1. Matching Key Terms (pp. 27-28)
2. True/False Quiz (p. 28)
3. Discussion Questions (p. 29)
4. Thinking Critically About the Law (pp. 29-30)
5. Case Questions (pp. 30-31)
6. Case Analysis (pp. 31-32)
7. Legal Research (p. 32-33)

2-2
© 2016 by McGraw-Hill Education. This is proprietary material solely for authorized instructor use. Not authorized for sale or
distribution in any manner. This document may not be copied, scanned, duplicated, forwarded, distributed, or posted on a website, in
whole or part.
Ch 02 – Ethics and the Law

KEY TERMS

Key terms are listed at the beginning of the chapter, posted in the student textbook

margins, and placed in bold in the copy. They are listed here for your quick reference.

 Sarbanes-Oxley (p. 20)  culture (p. 21)

 ethics (p. 21)  subculture (p. 21)
 morals (p. 21)  code of ethics (p. 23)
 values (p. 21)  stakeholder (p. 23)
 whistleblower (p. 26)

LEARNING OUTCOMES

The chapter Learning Outcomes will help you and the students discover the concepts and

information that should be understood upon completion of the chapter. You may want to

access the PowerPoint (PPT) slides for Chapter 2 when you begin the study of the

chapter and discuss each Learning Outcome. Each Learning Outcome will be covered

separately in the Instructor Notes, but they are shown here in total as an overview of the

sections being presented in Chapter 2. The corresponding text page numbers and PPT

slides are listed next to each outcome. These slides should be used to reinforce the main

points of the lecture.

After completing this chapter, the students will be able to:

1. Cite some examples of how unethical behavior in our world has negatively affected
business practices. (pp. 20-21, PPT slides 2-5)
2. Distinguish among ethics, morals, and values. (p. 21, PPT slide 6)
3. Cite several influences on group and individual values. (p. 21, PPT slide 7)

2-3
© 2016 by McGraw-Hill Education. This is proprietary material solely for authorized instructor use. Not authorized for sale or
distribution in any manner. This document may not be copied, scanned, duplicated, forwarded, distributed, or posted on a website, in
whole or part.
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