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Law for Business

Law for Business. Mr. Bernstein What is Ethics? , pp 25-27 September 19, 2013. Law for Business Mr. Bernstein. What is Ethics? Deciding Right and Wrong in a Reasoned, Impartial Manner Applies Only to Decisions with Material Impact. Law for Business Mr. Bernstein. Reasoned Decisions

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Law for Business

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  1. Law for Business Mr. Bernstein What is Ethics?, pp25-27 September 19, 2013

  2. Law for BusinessMr. Bernstein What is Ethics? Deciding Right and Wrong in a Reasoned, Impartial Manner Applies Only to Decisions with Material Impact

  3. Law for BusinessMr. Bernstein Reasoned Decisions Not Based on Emotions Impartial Decisions The same ethical standards are applied to everyone All people, or groups of people, are treated equally – including yourself!

  4. Law for BusinessMr. Bernstein Business Ethics Ethics can conflict with SHORT-TERM profit maximization Can ethics conflict with LONG-TERM profit maximization? Is outsourcing jobs overseas an ethical conflict?

  5. Law for BusinessMr. Bernstein Ethics and the Law: “Hot Debate”, p24 • Your employee is an Iraqi on temporary VISA • The INS rejected his claim of potential persecution and torture if he returned to Iraq • The employee is using fake ID to remain in the US • You are required to inform the INS • He is a great employee • Would you inform the INS? Why or why not?

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