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Identify reasons why the study of ethics is important; • Explain the nature and meaning of business ethics; • Explain the difference between ethical values and other values;

L E A R N I N G O B J E C T I V E S

After reading this chapter, you will be able to:

• Identify reasons why the study of ethics is important;

• Explain the nature and meaning of business ethics;

• Explain the difference between ethical values and other values;

• Clarify the difference between ethics and the law;

• Describe the distinction between ethics and ethos;

• Distinguish between personal morality, virtues, and social ethics; •

Identify ethical issues within a case description.