What you’ll learn to do: explain the concept of business ethics, and outline the steps companies take to encourage ethical behavior

In this section you’ll learn how businesses define ethics and how they encourage their employees to behave ethically.

The specific things you’ll learn in this section include:

• Explain the concept of business ethics
• Explain how ethics relates to the business and the individual
• Define “corporate code of ethics”
• Explain the role of managers in setting standards for ethical behavior