Learning Objectives

After reading this chapter, you should be able to:

• Define business ethics and social responsibility and examine their importance.

• Detect some of the ethical issues that may arise in business.

• Specify how businesses can improve ethical behavior.

• Explain the four dimensions of social responsibility.

• Debate an organization's social responsibilities to owners, employees, consumers, the environment, and the community.

• Evaluate the ethics of a business's decision.