Business Ethics in Middle School

What is ethical decision making?

• Ethical decision making is the process of making choices that align with ethical standards and principles.

• Ethical decision making is always subjective and varies from person to person.

Why is having a business code of conduct important?

• A business code of conduct is important for setting clear expectations, promoting ethical decision-making, ensuring compliance, enhancing reputation, and fostering a positive work environment.

• Having a business code of conduct is unnecessary and a waste of time

How can ethical leadership positively impact a business?

• By increasing employee turnover and creating a toxic work environment

• By fostering trust among employees, improving morale and motivation, enhancing reputation, reducing legal risks, and increasing customer loyalty.

Give an example of a situation where ethical decision making is crucial in a business setting.

• Choosing the brand of coffee for the break room

• Deciding whether to continue using a supplier with unethical labor practices.

What are some key components that should be included in a business code of conduct?

• Ethical standards, Compliance with laws and regulations, Conflicts of interest guidelines, Confidentiality policies, Respectful workplace practices

• Dress code guidelines, Social media policies, Employee benefits overview

Explain the role of transparency in ethical leadership.

• Transparency plays a crucial role in ethical leadership by fostering trust, accountability, and integrity.

• Transparency leads to confusion and chaos in leadership

Discuss the importance of integrity in ethical decision making.

• Integrity is important in ethical decision making to ensure honesty, trustworthiness, and consistency in actions.

• Integrity is not important in ethical decision making

How can ethical leadership help build trust within a business?

• Ethical leadership can help build trust within a business by setting a positive example, promoting transparency, and prioritizing the well-being of employees.

• Ethical leadership can help build trust within a business by ignoring employee feedback

Provide an example of a company that faced ethical challenges due to a lack of ethical leadership.

• Enron

• Apple

Why is it essential for businesses to align their actions with their stated values?

• It leads to short-term gains but long-term failures.

• It helps build trust and credibility with stakeholders, leading to long-term success.