Business Law with UCC Applications
16th Edition
By Paul Sukys
Complete Chapter Solutions Manual
are included (Ch 1 to 34)
** Immediate Download
** Swift Response
** All Chapters included
** Cases solutions included
,Chapter 01 - Ethics and the Law
Instructor’s Manual
Chapter 1, Ethics and the Law
Key Terms
Appretiare (p. 32)
Cost–benefit thinking (p. 26)
Descriptive theory (p. 14)
Dyad (p. 22)
Ethic of responsibility (p. 22)
Ethic of ultimate ends (p. 22)
Ethics (p. 6)
Failed states (p. 24)
Hyper-intolerance (p. 10)
Law (p. 4)
Morals (p. 5)
Nonjudgmentalism (p. 9)
Natural law theory (p. 6)
Penumbra rights (p. 19)
Prescriptive theory (p. 14)
Rational ethics (p. 18)
Rogue States (p. 24)
Responsibility to Protect (R2P) (p. 25)
Social contract ethics (p. 14)
Unstable states (p. 24)
Utilitarianism (p. 15)
Learning Objectives
After reading this chapter, students should be able to accomplish the following objectives:
1. Define law, morality, and ethics.
2. Distinguish between traditional natural law and modern natural law.
3. Distinguish between nonjudgmentalism and hyper-intolerance.
4. Describe social contract ethics.
5. Outline the steps in applying utilitarianism.
6. Define rational ethics.
7. Explain the dyadic nature of ethics in government.
8. Explore the need for ethical responsibility in business.
1-1
, Chapter 01 - Ethics and the Law
9. Describe the need for law in our society.
10. Clarify how the law and ethics can often benefit from anarchy.
Major Concepts
1-1 Defining the Law, Morality, and Ethics
The law consists of rules of conduct established by the government of a society to maintain
harmony, stability, and justice. Morals involve the values that govern a society’s attitude
toward right and wrong. Ethics, in contrast, attempts to develop a means for determining
how to formulate and apply rules in line with those values.
1-2 Ethical Theories
The social contract option holds that right and wrong are measured by the obligations
imposed on each individual by an implied agreement among all the people within a
particular social system. The utilitarian option is an ethical theory that says that the
morality of an action is determined by its ultimate effects. The more good that results, the
more ethical is the action. Conversely, the more bad that results, the less ethical is the
action. The rational option is a philosophical theory that says ethical values can be
determined by a proper application of human reason. The theory assumes, and rightfully
so, that because all human beings are rational, all human beings ought to have the same
ethical values.
1-3 Ethics and the Government
The government of a nation-state has two objectives that simultaneously justify its power
and enable the proper exercise of that power: (1) to protect its own existence and (2) to
protect the lives, health, safety, and well-being of its own citizens. To meet those two
objectives, national leaders must recognize the conflict that emerges from within a dyad or
two-level system of morality: (1) the exercise of individual morality, represented by the
ethic of ultimate ends, and (2) the exercise of national morality, represented by the ethic of
responsibility.
1-4 Ethics and Business
Corporations owe society a level of responsibility because the government has granted
certain legal advantages to corporations. Another reason for expecting ethically responsible
decisions from corporate executives is that corporations have a great deal of power in the
economic structure, and with power comes responsibility. Finally, corporations should act
1-2
16th Edition
By Paul Sukys
Complete Chapter Solutions Manual
are included (Ch 1 to 34)
** Immediate Download
** Swift Response
** All Chapters included
** Cases solutions included
,Chapter 01 - Ethics and the Law
Instructor’s Manual
Chapter 1, Ethics and the Law
Key Terms
Appretiare (p. 32)
Cost–benefit thinking (p. 26)
Descriptive theory (p. 14)
Dyad (p. 22)
Ethic of responsibility (p. 22)
Ethic of ultimate ends (p. 22)
Ethics (p. 6)
Failed states (p. 24)
Hyper-intolerance (p. 10)
Law (p. 4)
Morals (p. 5)
Nonjudgmentalism (p. 9)
Natural law theory (p. 6)
Penumbra rights (p. 19)
Prescriptive theory (p. 14)
Rational ethics (p. 18)
Rogue States (p. 24)
Responsibility to Protect (R2P) (p. 25)
Social contract ethics (p. 14)
Unstable states (p. 24)
Utilitarianism (p. 15)
Learning Objectives
After reading this chapter, students should be able to accomplish the following objectives:
1. Define law, morality, and ethics.
2. Distinguish between traditional natural law and modern natural law.
3. Distinguish between nonjudgmentalism and hyper-intolerance.
4. Describe social contract ethics.
5. Outline the steps in applying utilitarianism.
6. Define rational ethics.
7. Explain the dyadic nature of ethics in government.
8. Explore the need for ethical responsibility in business.
1-1
, Chapter 01 - Ethics and the Law
9. Describe the need for law in our society.
10. Clarify how the law and ethics can often benefit from anarchy.
Major Concepts
1-1 Defining the Law, Morality, and Ethics
The law consists of rules of conduct established by the government of a society to maintain
harmony, stability, and justice. Morals involve the values that govern a society’s attitude
toward right and wrong. Ethics, in contrast, attempts to develop a means for determining
how to formulate and apply rules in line with those values.
1-2 Ethical Theories
The social contract option holds that right and wrong are measured by the obligations
imposed on each individual by an implied agreement among all the people within a
particular social system. The utilitarian option is an ethical theory that says that the
morality of an action is determined by its ultimate effects. The more good that results, the
more ethical is the action. Conversely, the more bad that results, the less ethical is the
action. The rational option is a philosophical theory that says ethical values can be
determined by a proper application of human reason. The theory assumes, and rightfully
so, that because all human beings are rational, all human beings ought to have the same
ethical values.
1-3 Ethics and the Government
The government of a nation-state has two objectives that simultaneously justify its power
and enable the proper exercise of that power: (1) to protect its own existence and (2) to
protect the lives, health, safety, and well-being of its own citizens. To meet those two
objectives, national leaders must recognize the conflict that emerges from within a dyad or
two-level system of morality: (1) the exercise of individual morality, represented by the
ethic of ultimate ends, and (2) the exercise of national morality, represented by the ethic of
responsibility.
1-4 Ethics and Business
Corporations owe society a level of responsibility because the government has granted
certain legal advantages to corporations. Another reason for expecting ethically responsible
decisions from corporate executives is that corporations have a great deal of power in the
economic structure, and with power comes responsibility. Finally, corporations should act
1-2
