Business Ethics, Contracts,
and Employment Law Key
Concepts and Practices
Study Guide
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What is the difference between Ethical choices are based on moral
ethical and legal choices? principles and values, while legal choices
are made according to law.
Can a choice be legal but Yes, choices can be legal yet still be
unethical? unethical.
What are some examples of Discrimination, workplace harassment,
unethical business practices? confidentiality breaches, unfair treatment of
staff, personal use of company property,
and inaccurate maintenance of records.
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What are some reasons for Low morale, desire to succeed, extreme
unethical business practices? pressure to meet deadlines, unrealistic
earning expectations, inadequate training,
and desire to harm the company.
What are the effects of Decrease in profits, drop in stock value, and
unethical business practices on increase in legal proceedings.
businesses?
How do unethical business Decrease in loyalty, morale, job satisfaction,
practices affect employees? and retirement benefits.
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What is confidentiality in the Confidentiality occurs when information is
workplace? not disclosed to unauthorized individuals.
What are some examples of Research and production data, employee
confidential information? records, and customer/client records.
What are some technology E-mail, internet networks, telecommuting,
advances in the workplace? cellular phones, and robots.
What ethical issues can arise Privacy breaches, confidentiality breaches,
from technology advances? and ownership disputes about electronic
information.
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