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NIU MGMT 217 - Business Ethics

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MGMT 217 1st Edition Lecture 2Last Lecture Outline:I. INTRODUCTION TO THE LEGAL SYSTEM A. The Law DefinedB. Sources of Law1. Constitution2. Statutes (Legislative bodies)3. Common Law (Courts)4. Administrative Law (Agencies) 5. International Lawa. Law of individual nationsb. International agreementsC. Classifications of Law 1. Substantive or procedural 2. Civil or criminala. Burden of proof in a civil case: by a preponderance of the evidence.b. Burden of proof in a criminal case: beyond a reasonable doubt.II. ANALYZING CASESA. Cases are specific applications of the law.B. Use cases as a way to make sure that you understand the concept of the law that you have been studying.1. Read the factsa. Determine who the parties are, and who is suing whom. Determine who is appealing the lower court’s decision.b. Why is the case being appealed? In other words, what is the issue that the court must resolve in order to resolve the dispute?c. Before reading the judge’s opinion:These notes represent a detailed interpretation of the professor’s lecture. GradeBuddy is best used as a supplement to your own notes, not as a substitute.i. Develop your own resolution to the case.ii. Be sure to consider arguments on both sides as part of your analysis2. Now read the judge’s opinion:a. Did you consider everything that the judge did?b. Did you come to the same conclusion as the judge?This Lecture’s Outline:I. ETHICS AND THE LAWA. Ethics and Law are not the same thing.-Generally, acting legally is the ethical minimum.B. To whom do you owe an ethical duty?1. Employer2. Employees3. Shareholders4. Customers5. Family6. SocietyC. Front Page TestD. Ethics in International Law1. Foreign Corrupt Practices Acta. No bribes to foreign officialsb. May grease the wheels, however.Lecture:Acting legally and acting ethically are not always the same thing. Sometimes, it can be ethical to act illegally. An example of this is in Nazi Germany when Germans would hide Jewish people in their basement. Usually, the law is the ethical minimum. This means that obeying the law is the minimum thatis ethically required of someone, but it is usually more ethical to do more. 1. What people do you owe an ethic duty to? a. Employers b. Employeesc. Shareholdersd. family e. Society2. Front Page test—to judge whether an act is ethical or not, you should ask yourself if you would be okay with it being published on the front page of a newspaper and everyone you know seeing it.3. Foreign Corrupt Practices act—it is illegal to bribe public officials in another country, but you can pay someone who is not as high up to speed up a


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