Ethics and the Law
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Ethics and the Law Ethics and the Law Coach Nick Johnson Legal Environment of Business Law for Business and Personal Use
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Ethics and the Law. Coach Nick Johnson Legal Environment of Business Law for Business and Personal Use. Rules and Conduct established by gov’t to maintain stability and justice Criminal Property Business Family 3 Levels Federal State Local. What is Law?. Constitutional Law - PowerPoint PPT Presentation
Transcript of Ethics and the Law
Ethics and the LawEthics and the LawCoach Nick Johnson
Legal Environment of BusinessLaw for Business and Personal Use
What is Law?What is Law?
Rules and Conduct established by gov’t to maintain stability and justice
Criminal Property Business Family
3 Levels◦Federal◦State◦Local
Sources of LawSources of Law
1. Constitutional LawHighest form of law, no other can conflictFundamental Rights of CitizensState Laws can be more defined
2. Common Law (English Law)◦ Different for situations
◦ Precedent
3. Statutory Law (what we use now)Laws set in place that must be followedFederal/State/Local
18 – Military DraftPaying TaxesCriminal Offences for Crimes
Sources of Law Cont..Sources of Law Cont..
4. Court Decisions (Case Law)a) Common Law
Set Precedent and All Courts below must followb) Interpreting Statues (laws)
Determine what Statute isc) Judicial Review
Consistent with Constitution5. Administrative Regulations
◦ Given to regulate certain fields of expertise◦ FCC = Regulates broadcasting◦ Still must abide by constitution and can be removed
from power at any time
Types of CrimeTypes of Crime
◦Crime- wrong against society Affect a person and public good
◦Tort- wrong against people Assault, Defamation, Identity Theft
◦3 Major Types: People
◦Murder, Assault, Kidnapping, Rape Property
◦Theft, arson, vandalism Business Interests
◦Embezzlement, Fraud
EthicsEthics
Deciding right or wrong in a reasoned and impartial manner◦Must involve you or others in significant way◦Refers to established authority
Law Bible/Torah/Koran
Two Major Rules:◦The Golden Rule◦The Greatest Good
Ethical Character TraitsEthical Character Traits
HonestyCompassionSincerityIntegrityDependability
Name any others?
Ethics cont.Ethics cont.
Business Ethics- used in making Business decisions◦Profit Maximization skews this
Two Major Types:◦Consequences Based
What happens when you do this◦Rule-Based
Ten Commandments Could everyone do it?
MLK case (civil disobedience)
Ethical Heroes?Ethical Heroes?
Who can you think of in history that was ethical?
Abraham LincolnMother TeresaGandhiMLKRosa Parks
Personal ethical heroes?
Activities for Section 1Activities for Section 1
Ethical Debate
War vs. Peace
Ethical Decision Making Partner Project
How Ethics affect How Ethics affect BusinessBusiness
Ethics and BusinessEthics and Business
Businesses must adhere to a strict code of ethics for:◦Consumers
What are some things you’ve seen that protect Consumers?
Consumer ProtectionConsumer Protection
Protected by:◦Caveat Emptor- “let the buyer beware”
Supply and Demand Personal Judgment (reviews) Customer Service Departments BBB
◦Local, State and Federal Government Deceived consumers may sue May be subject to change business policies
Consumer ProtectionConsumer Protection
Protected by:◦Class Actions
Sue for self and others affected Examples? McDonalds?
◦Cease and Resist Order Government acts on behalf of consumer Investigates company and policies
◦Licensing Must acquire to produce goods Inspections
◦Examples?
Consumer ProtectionConsumer Protection
Protected By: ◦Unsafe Products
1972 Consumer Product Safety Act Report Failures
◦Examples? Toyota Floor Mats?◦Unfair Trade Practices
Controlling or Fixing Prices◦Example? Gas Prices, Price gouging
Consumer Protection.Consumer Protection.
Protected By:◦False and Misleading Trade Practices
Leaving out details or important facts◦Examples?
Bait and Switch◦Leading in with low price product, selling higher one
