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Chapter Objectives
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After studying this chapter, you should be able to:

Explain the relationship between ethics and the law.

Discuss why it is important to behave ethically.

Differentiate between the claims of the different stakeholder groups that are affected by managers and their companies' actions.

Describe four rules that can be used to help companies and their managers act in ethical ways.

Identify the four main sources of managerial ethics.

Distinguish between the four main approaches toward social responsibility that a company can take.







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