Ethics Listening Guide

Ethics is a set of __________ principles or ___________ that govern behavior.

A Code of Ethics is a __________ that outlines the principles of conduct to be used in making decisions
within an ___________.

What thing may a Code of Ethics Address:

In what ways can behaving ethically help an employee?

In what ways can behaving unethically hurt an employee?

Sarbanes-Oxley Act of 2002 was signed by President Bush due to __________ and __________. This
act affects the ____________ and governance of ____________ companies and their directors and
officers.

What is embezzlement?

What is an ethical dilemma?

When solving ethical dilemmas ask….
o Have you _______________________________________
o How would your define the ___________________________________________________
o Whom could your decision ____________________________________________________
o Can you discuss the __________________________________________________________

Laws relating to Ethical Behavior
o Sherman Act came about because of _________________
o Wheeler-Lea Act of 1938 banned what?

Several Laws and Agencies were designed to protect consumer against unteichal and unsafe business
practices
o The Federal Food, Drug, and Cosmetic Act of 1938 also known as the __________.
o Consumer Product Safety Commission (CPSC) forces manufactures to recall products that
____________________________
o Truth in Lending Act of 1968 was enacted to protect consumers in their dealings with
____________________________

Environmental Protection
o What does the EPA protect? ________________________________________________
o What does the Clean Air Act regulate? ________________________________________
o What did the Clean Water Act set standards for? ________________________________
_________________________________________________________________________

Ethical Standards and Culture

What is intellectual property?

In the US, creators or intellectual property have the exclusive right to market and sell their work. This is
guaranteed through _____________, ______________, and ___________ laws.

Social Responsibility refers to the obligation that _____________ or ____________ have to help solve
social problems.

Business owners in the 19th & 20th centuries believe that they role was simple to ___________ profits
and __________ problems were not considered a legitimate business activity.

Trustee Management recognized that owners of business had obligations to do more than just earn
___________. Businesses had obligations to their ___________, their ___________, and their
_____________. Most business people continued to hold this view until the 1960’s.

During the 1960’s, people believed businesses should use their influence to address _________ issues
such as ____________, __________, environmental destruction, etc.

What is a social audit?

________________ & _________________
o A company can demonstrate social responsibility by contributing time and money to ________,
___________, and ______ organizations.


Ex) Some company grant employees paid off to participate in charitable activities or
many companies offer __________ programs.
How can businesses become more environmentally aware?