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Gavin Walton
- July 22, 2024
It is my pleasure to introduce you to the advanced business ethics course offered under the Business 310 category on Study.com! If you have an interest in clarifying your knowledge regarding ethical issues in business, then you are in the right place. This course is aimed at providing you with an understanding of how ethics applies to persons, companies, and leaders while focusing on the key problems of modern enterprise. You can picture it as the key to singling out the correct ethical course in the ineffective ethical environment of most contemporary corporations.
After the end of this course, you will be able to solve ethical issues and make a proper decision that will be correct both, in terms of self-attitudes and organizational objectives. No matter if you plan to get a good grade on the proctored final exam or if you’d like to enhance your understanding of Levin’s business ethics, this guide will give you the necessary information and will show you where to find more help to succeed at the course. In addition, this theory permits you to have a glimpse into how such principles may be put into the actual operation making you not only a better student but even a more ethical future leader. So sit back and get prepared to turn the page and explore the world of business ethics!
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What to Expect from Business 310 Class📖
Well, now that you are sold on Business 310: Advanced Business Ethics let me inform you more on what the course entails. This is not just any ordinary class; it is an intricate experience through the concepts and the issues of ethics in business.
Course Content Overview
As for the initial objectives, you will be introduced to different types of ethical theories and principles. You’ll be learning about such basics as virtue ethics, utilitarianism, deontology, and so on. All of these theories present a different view of what it means to act ethically in the business context, and comprehension of them will be vital as all of them will be focused on in the exam.
The course is divided into eight informative and stimulating chapters, which map out the core components of business ethics. From this platform, you’ll build your knowledge from the ground up in business ethics and progress from basic knowledge to more complicated topics such as the significance of individual values, ethical leaders, and corporate social responsibilities. This means that by the end of the course, you are likely going to have an all-round appreciation of ethical consideration in business and the effects it has on the processes.
Key Topics and Exam Focus
Specifically, one of the pillars of the course is the discussion of ethical issues in business. That is you will be seeing samples of cases of ethical dilemmas that companies have encountered, for instance, fraud, insider trading, and mismanagement of the environment. Knowledge of such cases should assist you in solving other ethical issues that you would come across in the exam.
Another equally important domain is ethical leadership and management. You will find out how the leaders can impact the ethical culture of the organization and why ethical decision-making is crucial. This is one of the major groups of the curriculum syllabi, so it will be wise to cover these lessons noting they are likely to form a large part of the final exams.
Practical Applications
Over the semester you will also look at how ethics can be applied to different fields of business such as marketing, accounting, and project management, among others. For instance, you will be introduced to the topic that explains that one cannot engage in misleading advertisements and other informative actions with regard to consumers. These practical applications will also help you prepare for the exam while also giving you professional tips for the job ahead.
To sum up, Business 310: Advanced Business Ethics is a comprehensive analysis of the ethical concerns arising in business, both from the standpoint of theory and practice. Ethical practices remain an important ingredient and a focus area that sets the foundation for a prosperous business in contemporary society by the time you complete this course, you will be in a better position to understand and be more responsible as a student as well as a leader.
Week-by-Week Study Plan to Ace Business 310 Exam 📝
Feeling prepared for Advanced Business Ethics or Business 310? Below is the week-by-week study program that will assist the students in following the crucial study plan required to prepare for the final exam adequately. Here are these tips so if you follow them, you’ll be halfway through to scoring an A in the course.
Week 1: Introduction to Business Ethics
- Tasks:
- Watch all video lessons in Chapter 1: Understanding Business in Ethics.
- Take detailed notes on key concepts such as business ethics theories and principles.
- Complete the quiz for each lesson to reinforce your understanding.
- Additional Resources:
- Business Ethics Theories Explained (YouTube video)
- Quizlet Flashcards on Business Ethics
Week 2: Foundations of Ethics
- Tasks:
- Dive into Chapter 2: Foundations of Ethics.
- Focus on different ethical theories like virtue ethics, deontology, and utilitarianism.
- Complete and review quizzes for each lesson.
- Additional Resources:
- Crash Course Philosophy: Utilitarianism (YouTube video)
- Philosophy Terms and Definitions
Week 3: Ethics & the Individual
- Tasks:
- Study Chapter 3: Ethics & the Individual.
- Pay close attention to the impact of personal values on business decisions.
- Take quizzes and review feedback.
- Additional Resources:
- Individual Ethics in Business (YouTube video)
- Personal Ethics Flashcards
Week 4: Ethics & the Leader
- Tasks:
- Focus on Chapter 4: Ethics & the Leader.
- Understand the ethical considerations of leaders and managers.
- Complete quizzes and ensure you understand key leadership ethics principles.
- Additional Resources:
- Ethical Leadership in Business (YouTube video)
- Leadership Ethics Study Guide
Week 5: Ethics in an Organization
- Tasks:
- Move on to Chapter 5: Ethics in an Organization.
- Learn about core values, shared values, and the importance of corporate social responsibility.
- Take and review quizzes.
- Additional Resources:
- Corporate Social Responsibility Explained (YouTube video)
- Organizational Ethics Flashcards
Week 6: Emerging Issues in Business Ethics
- Tasks:
- Study Chapter 6: Emerging Issues in Business Ethics.
- Focus on contemporary ethical issues like fraud, insider trading, and ethical communication.
- Complete and review quizzes.
- Additional Resources:
- Current Issues in Business Ethics (YouTube video)
- Business Ethics Issues Flashcards
Week 7: Ethics Around the Globe
- Tasks:
- Review Chapter 7: Ethics Around the Globe.
- Understand global ethical issues and the role of cultural differences in ethical decision-making.
- Complete quizzes and review any areas of difficulty.
- Additional Resources:
- Global Business Ethics (YouTube video)
- Global Ethics Flashcards
Week 8: Understanding Ethics & the Environment
- Tasks:
- Finish with Chapter 8: Understanding Ethics & the Environment.
- Learn about environmental ethics and sustainability.
- Complete and review final quizzes.
- Additional Resources:
- Environmental Ethics Overview (YouTube video)
- Environmental Ethics Flashcards
Final Week: Review and Practice
- Tasks:
- Review all your notes and quizzes from each chapter.
- Take the practice test available on Study.com.
- Identify any weak areas and revisit those lessons and quizzes.
- Use external resources to reinforce your understanding.
Additional Tips:
- Stay Consistent: Dedicate a specific time each day for studying to stay on track.
- Stay Organized: Keep your notes and resources well-organized for easy review.
- Practice, Practice, Practice: Utilize the quizzes and practice tests to gauge your understanding and readiness for the final exam.
Follow this study plan diligently, and you’ll be well-prepared to ace the Business 310: Advanced Business Ethics final proctored exam. Good luck!
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Free External Resources to Study📂
You have your course schedule and you know what it involves, however, there are times when you have to seek additional assistance to understand the lessons well. Fortunately, there are quite a number of sources openly accessible on the internet to enable the user to explore more about Business 310: Advanced Business Ethics. Below are among the most useful external resources you can use while studying or after the class has been done. com coursework:
YouTube Channels and Playlists
- CrashCourse: CrashCourse is a popular channel best known for its simple and lively presentations and, in that series, they have a presentation on business ethics that you may find useful after taking this test. Check out their Business Ethics playlist.
- Philosophy Tube: For basic philosophic concepts of this subject, this channel contains serious and intensive discussions on philosophical theories, for example, ethical theories. Watch Philosophy Tube’s Ethics videos.
- Ethics Unwrapped: This channel has videos made by the University of Texas that focus on bringing out the details of ethically challenging questions. Explore Ethics Unwrapped.
Quizlet Flashcards
- Business Ethics Key Terms: Use these flashcards to memorize important terms and definitions. Access the flashcards here.
- Philosophical Theories in Ethics: This set covers various ethical theories and their key points. Study the flashcards here.
Articles and Blogs
- The Markkula Center for Applied Ethics: Santa Clara University’s Markkula Center offers articles and case studies on applied ethics in business. Read more here.
- Harvard Business Review: HBR often publishes insightful articles on business ethics, leadership, and corporate social responsibility. Explore HBR’s articles on business ethics.
Educational Websites
- MIT OpenCourseWare: MIT offers free course materials for their business ethics classes, which can provide additional readings and lecture notes. Visit MIT OpenCourseWare.
- Stanford Encyclopedia of Philosophy: This is a great resource for detailed explanations of ethical theories and philosophers. Access the encyclopedia here.
Podcasts
- The Business Ethics Alliance Podcast: Listen to discussions on contemporary business ethics issues and how they apply to real-world scenarios. Check out the podcast.
- EthicsLab: This podcast explores ethical questions in business and beyond, featuring experts from various fields. Listen to EthicsLab.
By leveraging these resources, you’ll be able to deepen your understanding of the course material and prepare more effectively for your exams. Happy studying!
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Key Topics to Focus On 🔑
Based on this context, let us focus on the core elements that you have to cover as you prepare for the Business 310: Advanced Business Ethics final exam. If you grasp these topics well you should be able to handle any question that is posed to you
- Ethical Theories: Virtue Ethics vs. Utilitarianism
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Aspect
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Virtue Ethics
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Utilitarianism
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Definition
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Focuses on character and virtues
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Focuses on the consequences of actions
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Key Proponents
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Aristotle
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Jeremy Bentham, John Stuart Mill
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Main Principle
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Virtuous behavior leads to a good life
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The greatest good for the greatest number
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Example Application
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A business leader prioritizes honesty and integrity in all dealings
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A company implements a policy that maximizes overall happiness, even if some stakeholders are disadvantaged
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- Ethical Leadership and Management
Ethical Leadership: Ethical management aims at leading other people in an organization with clearly understood ethical principles. In this position, the leaders not only are able to make their decisions concerning the different activities taking place within the organization with regard to ethics but also encourage the members of the team to do the same. For instance, when the top executive embraces sustainability, he can make public addresses denoting the corporation’s commitment to sustainability and ethical practices.
Managerial Ethics: Managerial ethics, however, ranges from the practical aspect of applying ethics in the management of organizational activities. This entails that the company provides checks and balances on its operation to avoid violating the laid down ethical and legal provisions. It is the responsibility of managers to see to it that the policies and standards introduced in the organization are followed strictly to the letter and to the spirit, attaining a level where they act in an ethically correct manner in that they do not violate the law or any ethical standards as they perform the activities of the organization.
- Corporate Social Responsibility (CSR)
Levels of CSR:
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Level
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Description
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Examples
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|---|---|---|
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Economic Responsibility
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Focus on profitability and growth
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Providing products that meet consumer needs
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Legal Responsibility
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Compliance with laws and regulations
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Adhering to labor laws, environmental regulations
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Ethical Responsibility
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Acting morally and ethically beyond legal requirements
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Fairtrade practices, treating employees with respect
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Philanthropic Responsibility
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Voluntary activities that benefit society
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Donating to charities, community engagement initiatives
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- Environmental Ethics: Human-Centered vs. Life-Centered Views
Human-Centered (Anthropocentric) View: This viewpoint borders utilitarianism in that it holds that nature only holds merit in as much as it is of benefit to people. Ethical responsibilities in this perception are concerned with the conservation of resources for the well-being of mankind. For example, encouraging the use of practices that can help to secure the necessary resources for future generations, is a significant idea of this view.
Life-Centered (Ecocentric) View: On the other hand, the so-called life-centered ascription of rights states that life has worth in and of itself and animals should not be used simply because they are of some use to humanity. This view asserts that humans have an ethical responsibility to wildlife and the conservation of the natural environment for its own worth. An example of this perspective in operation is the preservation of animals and plants likely to go extinct in the future regardless of the contribution toward the economic benefit of the society.
- Real-World Ethical Dilemmas
Case Study: Enron Scandal Enron scandal Enron corporation is undoubtedly one of the most emblematic and representative cases in relation to actual corporate fraud and unethical actions. Some of the fiscal manipulations that were fostered by Enron executives and eventually resulted in the company’s failure were embezzlement of corporate profits by manipulating earnings through repeated frauds and camouflaging the debt. The case profile also demonstrates the necessity of transparent and ethical methods of accounting. It is a message on the dangers of unethical practices in businesses hence a reason why it will be useful for your final exam.
Ethical Dilemma: Insider Trading Insider Trading Insider trading involves the purchase or sale of equity in a firm by a person who has some inside information about the firm. Such a practice is prohibited under the legal frameworks and also qualifies as unethical because it compromises the integrity of the financial markets. Given the fact that insider trading is one of the most complicated materials in business ethics, one has to understand the legal and ethical implications tied to that problem.
Through these topics, you will be guaranteed to understand the core principles of business ethics and how they apply to specific situations. This understanding will help you a great deal when it comes to performing well on your final examination.
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FAQ❓
Q: What is the structure of the final exam?
- A: The final exam for Business 310 is proctored and consists of multiple-choice questions that cover all the chapters. It is designed to test your understanding of the key concepts discussed throughout the course. You’ll need a minimum score of 70% to pass, which means you need to earn at least 210 out of 300 possible points.
Q: How can I prepare effectively for the quizzes and assignments?
- A: To prepare effectively, start by reviewing each lesson thoroughly and taking detailed notes. Complete the quizzes after each lesson, and use your first three attempts wisely, aiming to understand the questions and correct answers. For assignments, read the instructions carefully, apply the concepts you’ve learned, and make use of the feedback provided by Study.com instructors.
Q: Are there any prerequisites for taking this course?
- A: As for any requirements, there are no Business 310 curriculum prerequisites. Though basic knowledge about business ethics can be gained by completing Business 108: Business Ethics, the concepts discussed in this course will be easier to understand.
Q: As for the proctored final exam, which type of resources are allowed to be used?
- A: You are permitted to have a pen or a pencil and blank scratch paper during the proctored final exam. However, things like office applications, web browsers, textbooks and notes, mobile phones, headphones/speakers, TVs/Radios, and calculators are prohibited.
Q: What is the procedure involved in the grading policy?
- A: Ideally, your grade for the course is out of 300 points; quizzes contribute 100 points, Assignment 1 30 points, Assignment 2 35 points, Assignment 3 35 points, and the final exam is proctored 100 points. To get college credit and pass the course, one must have at least 70% which is 210 points.
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Conclusion📄
Congratulations! That is it for this all-encompassing ultimate Study guide that has been created to help get that A. com Business 310: Advanced Business Ethics course is a response to the current global business environment. You should have comprehensively understood all that was taught concerning the class, how to prepare, and where to source extra information about the class.
This is not a course for passing an exam, it is a course for forming an understanding of the right and wrong preparations for your profession. The knowledge of theory and principles you get at this place will assist you in solving intricate ethical issues and reaching good decisions in conformity with your individual philosophy and corporate objectives.
Remember, consistency is key. Do not skip any classes, always stick to the planned study schedule, use the recommended material, and do not be shy to ask questions. Review the content, explain its practical application, and do exercises frequently to be ready for the end-of-course test.
If you have passion and an appropriate attitude to the studying process, you will not only successfully pass the Business 310: Advanced Business Ethics course and receive a whole lot of beneficial knowledge for your future work. Good luck, and happy studying!
