"Interactions between business entities and society at large in an ethical framework. By examining society's values and needs and the ethical assumptions, attitudes, values and behavior of business institutions, future managers have a basis for making ethical decisions that affect society. Balancing the needs and the values of organizations with those of society represents the significant ethical dilemma. A systematic view of the place of business institutions enables managers to determine the effect of their actions on society. Both conceptual and applied considerations are given weight."