BUS 201 Lecture Notes - Lecture 3: Business Ethics, Water Pollution, List Of Countries' Copyright Lengths

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Ethics: standards or moral values that dictate what is right and wrong, culturally based, formed upon society"s expectations, vary by person, and by situation, behaviour that conforms to individual beliefs and social norms about. Ethical behaviour: behaviour that individual beliefs and social norms define as wrong and, ethical and unethical behaviour by a manager or employee of an what is right and good. Important to distinguish between unethical and ethical; as well as legal and illegal. Breaking the law in a totalitarian regime in order to carry out: ethical and legal, ethical and illegal humanitarian efforts, unethical and illegal. Cooking the books to make a company"s financial situation look better that it really is. Ethical judgement is also complicated by the fact that practices that are legal in one country may not be legal in another. Everyone develops his/her own code of ethics : we also develop values and morals that influence our behaviour.

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