Ethics

Please write your answers on a separate sheet of paper in complete sentences. Save to your Z drive and print for
grade. This handout is loaded onto hhsbusiness.weebly.com, please go there and locate economics and personal
finance 2013-2014.

Complete your answers on a separate sheet of paper IN COMPLETE SENTENCES. DO NOT WRITE ON THIS SHEET
OF PAPER, RETURN WHEN YOU ARE DONE.

Go to the following website and take the ethics quiz, be honest! http://www.gotoquiz.com/the_ultimate_ethics_quiz

1. What is your ethics score? What does the description say?

Answer the following questions about ethics using the websites below: some of the questions you might just have to
google.
2. What is corporate responsibility and why is it important?
3. What is insider trading?
4. What laws govern insider trading?
5. What is the impact of insider trading?
6. What is fraud?
7. What laws govern fraud?
8. What is a hostile takeover?
9. What is a monopoly?
10. What is downsizing and outsourcing?
11. What is the impact of downsizing and outsourcing?
12. 11 Give a definition of business ethics in your own words.
13. Explain what ethical behavior is.
14. Why does management play an important role in business ethics?
15. Name 3 factors that impact organizational ethics.
Corporate Social Responsibility
http://en.wikipedia.org/wiki/Corporate_social_responsibility
http://www.managementhelp.org/ethics/ethics.htm#anchor9534
http://opax.swin.edu.au/~388226/howto/it2/ethics.htm

Insider trading
http://en.wikipedia.org/wiki/Insider_trading
http://www.secform4.com/what-is-insider-trading.htm
http://en.wikipedia.org/wiki/Insider_trading#American_insider_trad
ing_law
http://www.capmag.com/article.asp?ID=3933

SEC on Insider Trading
http://www.sec.gov/news/speech/speecharchive/1998/spch221.ht
m
http://www.sec.gov/answers/insider.htm

Securities Fraud
http://en.wikipedia.org/wiki/Securities_fraud

Fraud
http://www.white-collar-crimes.com/criminal_terms.shtml
http://en.wikipedia.org/wiki/Fraud
http://www.wcl.american.edu/journal/lawrev/48/pdf/podgor.pdf?rd
=1

Hostile Takeovers
http://en.wikipedia.org/wiki/Takeover
http://en.wikipedia.org/wiki/Mergers_and_acquisitions

Downsizing and Outsourcing
http://www.fred.net/tzaka/bus_eth/links.html#downsizing
http://www.opednews.com/bryjak022604_outsourcing.htm
http://roger.babson.edu/ethics/downsizi.htm

Comparing Codes of Ethics
Every company has a specific code of ethics for its employees to follow. This code of ethics provides guidelines for how the company
expects its employees to act. It also gives employees a reference if they are ever faced with an ethical dilemma in the workplace.
You will be looking at the code of ethics for 2 recognizable companies. This will give you a good idea of how companies expect their
employees to behave, and what is normally included in a code of ethics.
Choose 2 of the companies listed below and research the code of ethics that they expect their employees to follow. Or you can choose
a different company altogether.
Coca-Cola Company: http://assets.coca-colacompany.com/45/59/f85d53a84ec597f74c754003450c/COBC_English.pdf
Starbucks: http://globalassets.starbucks.com/assets/e4673804f91b48089471061ff52c53f9.pdf
Questions to answer
16.. Do you think each of these companies has an effective policy on ethical behavior? Why?
17. Is the policy concise and to the point, or is it unnecessarily long?
18. Which do you think has the best code of ethics? Why?
19. Chose one company and explain why you think it would help an employee who is facing a difficult ethical dilemma.
Ethical Dilemmas
What is an ethical dilemma? An ethical dilemma is when a person is placed in a situation where there is a decision to be made
between right and wrong. Some dilemmas can be easily resolved, while others are much harder and more complicated. In this section,
we will be exploring different types of ethical dilemmas, both in and out of the workplace.
Click on the link to look at different everyday ethical dilemmas. Read two of the dilemmas and click onto the link to read more about it.
http://www.goodcharacter.com/dilemma/archive.html Select one dilemma from and answer the following questions about this particular
dilemma.
Questions to Answer
20. What makes this an ethical dilemma?
21. What are the different outcomes of the situation?
22.. Will the outcomes affect more than one person?
23. Why do you think it is hard to make a decision in this scenario?
24..What do you think the correct thing to do is?

Creating Your Own Ethical Dilemma
Create your own ethical dilemma, it must be original and creative!