COMMERCE 1E03 Chapter Notes - Chapter 5: Corporate Social Responsibility, Federal Accountability Act, Academic Dishonesty
Document Summary
New laws making accounting records transparent (easy to read and understand) and more laws making business people and others more accountable may help. One danger in writing new laws to correct behavior that is within the law is also acceptable. A society gets in trouble when people consider only what is illegal and not also what is unethical. Legality refers to laws the government has written to protect us from fraud, theft and violence. Ethics: standards of moral behavior; that is, behavior that is accepted by society as right versus wrong. The basic moral values: integrity, respect for human life, self-control, honesty, courage and self-sacrifice; cheating, cowardice and cruelty are wrong. A strong relationship between academic dishonesty and dishonesty at work (among undergrads) Managers thin that ethics is a personal matter whereas other people think it"s a management matter. This is testable. (know the features and what the differences are.