1. Define, explain and give examples of the following terms: (a) business ethics; (b) moral minimum; (c) duty-based ethics; and (d) utilitarian ethics.

2.

a. Who are the identified "stakeholders" in a code of ethics? What is a stakeholder?

b. Why is it important that a company protect the interests of each of these stakeholders? Is it a community

service? Is it profitable? How does it benefit the company? How does it benefit the community at large?

c. What is the affect of having a printed, published code of ethics? Do you see a risk, a possible downside?What is the benefit, the upside?

3.

a. What did these business owners do wrong?

b. Was their behavior illegal as well as unethical?

c. What if their behavior had not been illegal? Might it have still been unethical?

d. What is the business owner to do when an action he considers is technically allowed by law, but may result

in harm to some segment of the community he serves, whether it be his employees, his suppliers, or the

community in which he is located? For example, should an employer close down a plant in the United

States and ship that work overseas for cheaper labor costs? Discuss all the possible arguments pro and con.

.

4.

a. What can we, as business students in the university setting, do now to contribute to a more ethical society?

What choices appear before us on a regular basis that allow us to have a substantial affect on the ethicalnature of our community? How do you envision your future opportunities, challenges, obligations as toethical behavior