Lesson Plan

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Lesson Plan
Course Title: Principles of Business, Marketing, and Finance
Session Title: Moral, Legal, or Ethical?
Performance Objective:
The student will intelligently discuss the meaning of ethical, moral, and legal business practices
and relate this concept to current and/or historical events.
Specific Objectives:
(2)(B) Contrast ethical, moral, and legal choices that relate to the decision-making process in
business situations.
Preparation
TEKS Correlations:
This lesson, as published, correlates to the following TEKS. Any changes/alterations to the
activities may result in the elimination of one or more of the TEKS listed.
Interdisciplinary Correlations:
English:
§110.42. English I (c) The student is expected to:
(4)(F) compile written ideas and representations into reports, summaries, or other formats and
draw conclusions.
(6)(A) expand vocabulary through wide reading, listening, and discussing; and,
(8)(B) read in such varied sources as diaries, journals, textbooks, maps, newspapers, letters,
speeches, memoranda, electronic texts, and other media;
Instructor/Trainer
References:
1. Brown, Betty J., Clow, John E., & Brown, Kenneth W. (1995). Introduction to Business.
New York: Glencoe/Mac-Graw Hill.
2. Articles:
a. Salazar, Veronica (2009, October 23). Don’t soak the young in pricing medical
coverage: Require everyone to get insurance, but premiums should rise with age. USA
Today, page 12A.
b. Rother, John (2009, October 23). Stop age discrimination: Make higher premiums for
older Americans a thing of the past. USA Today, page 12A.
c. ________________ (2009, November 13). Soaring pay for coaches throws academics
for a loss: Beyond the elite teams, football ‘arms race’ too often a futile game. USA
Today, page 11A.
d. Isch, Jim (2009, November 13). Spending isn’t out of control: Yes, there’s excess, but
athletics aren’t overwhelming academics. USA Today, page 11A.
Instructional Aids:
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1. Optional – Overhead, SmartBoard, Internet, ELMO (if available and where applicable)
2. Optional - Hellriegel, Don, Jackson, Susan E., & Slocum, Jr., John W. (2005). Management:
A Competency- Based Approach (10th edition). Ohio: South-Western.
Materials Needed:
1. Newspaper articles
2. Newspapers
3. Highlighters
4. Flipchart
5. Markers
Learner Preparation:
Learners will review vocabulary terms the night before.
Lesson Plan
Vocabulary:
Business-related legal terms
Administrative law
A type of law that deals with the regulation of business; it is usually made, and enforced, by
government agencies.
Antitrust law
Laws passed by state and federal governments to prevent monopolies.
Common law
The legal decisions made by English courts over hundreds of years, as well as the customs of
the people, upon which many U. S. laws are based.
Deregulation
The removing of some type of regulation.
Price fixing
An agreement in which competing businesses agree to sell their products at the same prices or
to change prices at the same time to avoid competitive pricing.
Uniform Commercial Code
A set of laws that are the same throughout the country and that are used to control and regulate
business transactions.
Interstate commerce
Business activities that affect people or businesses in two or more states.
Sherman Act
This Act prohibits any agreement between businesses to restrain trade.
Civil Rights Act
This Act forbids businesses to discriminate against women and minorities in their hiring
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practices.
Clayton Act
This Act governs fair competition by forbidding practices that lessen competition.
Fair Labor Standards Act
This Act affects business operations by requiring certain employers to pay their employees a
minimum hourly wage, plus at least one and one half times that amount for all hours worked in
excess of 40 hours per week. It also regulates the employment of minors by determining the
hours that minors may work, the minimum age of employment, and the occupations for which
minors may not be hired.
Equal Employment Opportunity Commission
A federal organization created to take action against businesses that are accused of
discrimination.
Federal Trade Commission
A federal agency responsible for making sure that competition is maintained in the economy.
Securities and Exchange Commission
A federal organization that regulates how stock may be sold by publicly owned corporations.
Brown, Betty J., Clow, John E., & Brown, Kenneth W. (1995). Introduction to Business. New
York: Glencoe/Mac-Graw Hill.
Introduction (LSI Quadrant I):
Outline
Outline (LSI Quadrant II):
Instructors can use the PowerPoint presentation, slides, handouts, and note pages to support
and reinforce the following outline.
MI
Outline
Notes to Instructor
I. Application
– Guided
I.
Application – Guided Practice
Practice
A. Discuss an article that includes
A. Distribute and read
moral, ethical, and legal issues
articles: Soaring pay
for coaches throws
academics for a loss
and Spending isn’t
out of control
1. Review prompts
on PowerPoint,
pages 2-3
2. Facilitate group
II. Application – Independent Practice
discussion
A. Discuss an article that includes
(identifying legal
moral, ethical, and legal issues
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3
II. Application
– Independent
Practice
A. Distribute and read
articles: Don’t soak
the young in pricing
medical coverage
and Stop age
discrimination
1. Review prompts
on PowerPoint,
pages 4-5
2. Facilitate group
discussion
(identifying legal
authorities
involved and
specific laws
affected).
Summary
I. Summary
Review Questions
Evaluation
I. Students individually research and
present an article with moral, ethical, and
legal implications
I. PowerPoint, page 6
Evaluation
I.
PowerPoint, page 7 and
rubric
Copy and paste Multiple Intelligences Graphic in appropriate place in left column.
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Verbal
Linguistic
Logical
Mathematical
Visual
Spatial
Musical
Rhythmic
Bodily
Kinesthetic
Intrapersonal
Interpersonal
Naturalist
Existentialist
Application
Guided Practice (LSI Quadrant III):
1. Distribute articles entitled: Soaring pay for coaches throws academics for a loss and
Spending isn’t out of control from USA Today.
2. Consider articles’ content. Relate the information to moral, ethical and legal issues.
Discuss the prompts (see PowerPoint 2) and develop other prompts based on student
discussion (see PowerPoint 3).
Independent Practice (LSI Quadrant III):
1. Distribute articles entitled: Don’t soak the young in pricing medical coverage and
Stop age discrimination from USA Today.
2. Allow students to consider articles’ content and relate the information to moral, ethical
and legal issues. Select a student to lead discussion of the prompts (see PowerPoint 4)
and develop other prompts based on student discussion (see PowerPoint 5).
Summary
Review (LSI Quadrants I and IV):
•
•
Question: Compare ethical business practices and legal practices.
Answer: Ethical practices focus on right and wrong conduct in the business
environment. Legal practices consider what authoritative entity has power to
impact/control a company’s business practices and by which laws a
company must abide.
•
•
Question: Name a law that impacts business practices.
Answer: Civil Rights Act
•
•
Question: How does the Fair Labor Standards Act benefit today’s youth?
Answer: This Act prevents unfair labor practices as it relates to youth.
•
•
Question: Describe an illegal business practice.
Answer: Falsifying time cards/payroll records.
•
•
Question: Give an example of a major legal issue affecting today’s business practices.
Answer: Example – international trade
Evaluation
Informal Assessment (LSI Quadrant III):
1. Evaluate independent practice.
 Address issues raised in independent practice.
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

Highlight steps that students completed successfully.
Elaborate on applicable moral, ethical, and/or legal issues.
Formal Assessment (LSI Quadrant III, IV):
I.
Students individually research and present an article with moral, ethical, and legal
implications (PowerPoint 7)
Extension/Enrichment (LSI Quadrant IV):
1.
Loyola’s Center for Ethics and Business has an online ethics questionnaire – Ethical
Orientation Questionnaire. Allow each student to complete this online questionnaire and
discover his/her approach to ethics: “care” or “justice.”
2.
Change the exercise into a game. Select new articles for students to consider. The
format can be in the form Tic-Tac-Toe. Correct answer - - moral, ethical, or legal - - gives
the student the opportunity to choose a square.
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Article Presentation Rubric : Moral, Ethical and Legal Implications
Teacher Name:
Student Name:
CATEGORY
Content
________________________________________
Score
Shows a full
understanding of the
topic.
Shows a good
understanding of the
topic.
Shows a good
understanding of
parts of the topic.
Does not seem to
understand the topic
very well.
Preparedness
Student is completely Student seems pretty
prepared and has
prepared but might
obviously rehearsed. have needed a couple
more rehearsals.
The student is
Student does not
somewhat prepared, seem at all prepared
but it is clear that
to present.
rehearsal was lacking.
Volume
Volume is loud
enough to be heard
by all audience
members throughout
the presentation.
Volume is loud
enough to be heard
by all audience
members at least
90% of the time.
Volume is loud
enough to be heard
by all audience
members at least
80% of the time.
Volume often too soft
to be heard by all
audience members.
Speaks Clearly
Speaks clearly and
distinctly all (10095%) the time, and
mispronounces no
words.
Speaks clearly and
distinctly all (10095%) the time, but
mispronounces one
word.
Speaks clearly and
distinctly most ( 9485%) of the time.
Mispronounces no
more than one word.
Often mumbles or can
not be understood OR
mispronounces more
than one word.
Stays on topic all
(100%) of the time.
Stays on topic most
Stays on topic some
(99-90%) of the time. (89%-75%) of the
time.
It was hard to tell what
the topic was.
Stands up straight,
looks relaxed and
confident. Establishes
eye contact with
everyone in the room
during the
presentation.
Stands up straight
and establishes eye
contact with everyone
in the room during the
presentation.
Slouches and/or does
not look at people
during the
presentation.
CATEGORY
Stays on Topic
Posture and Eye
Contact
Score
Sometimes stands up
straight and
establishes eye
contact.
TOTAL:
_______________
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