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: Copyright © Texas Education Agency, 2011. All rights reserved. 1 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 Copyright © Texas Education Agency, 2011. All rights reserved. 2 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 Copyright © Texas Education Agency, 2011. All rights reserved. 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. Copyright © Texas Education Agency, 2011. All rights reserved. 4 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. Copyright © Texas Education Agency, 2011. All rights reserved. 5 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. UNT in partnership with TEA, Copyright © 2009. All rights reserved. 6 Copyright © Texas Education Agency, 2011. All rights reserved. 6 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: _______________ Copyright © Texas Education Agency, 2011. All rights reserved. Copyright © Texas Education Agency, 2011. All rights reserved.9 10 Copyright © Texas Education Agency, 2011. All rights reserved. Copyright © Texas Education Agency, 2011. All rights reserved.11 Copyright © Texas Education Agency, 2011. All rights reserved. 12 13 Copyright © Texas Education Agency, 2011. All rights reserved.