Business ethics affect everyone

In this chapter we:

see that ethical issues arise throughout the business world;

define morality and ethics;

understand that ethics are imbedded in and reflect cultures;

consider the relationship between law and ethics;

note some philosophical theories to provide a context for our study;

recognize that business ethics involve choices;

understand the importance of trust in business;

take a stakeholder view of business ethics;

wonder why do people behave the way they do; and

see that corporate governance and risk management inherently involve ethics.