Legal & Ethical Implications Of Business Formation

Primary Task Response: Within the Discussion Board area, write 400–600 words that respond to the following questions with your thoughts, ideas, and comments. This will be the foundation for future discussions by your classmates. Be substantive and clear, and use examples to reinforce your ideas.

Part 1 (Post this response in the main U5 DB thread “Unit 5 Discussion Board”)

Businesses created in the United States are required to comply with U.S. laws and must act ethically. Recall that the law creates a minimum amount of behavior obligatory by businesses in humanity, whereas ethics requires more. Ethics is a major consideration in examining the actions of managers and the function of business organizations. An ethically minded business focuses on the following:

Integrity: Focusing on the character of the individuals involved in the decision or action

Consequences: Focusing on good and bad decisions

Duties, obligations, and principles: Focusing on fairness, justice, and respect for individuals and property

As the manager of your restaurant, you want to have a clear understanding of how to handle ethical issues that arise. You conduct some research and discover there are six steps to ethical decision making. List, explain, and give an example of the six steps of ethical decision making that businesses can follow. Then, choose a business that you believe acts ethically and is socially responsible. Once you select a business, provide examples of how your company is acting with social responsibility.