Unit 3: Business Law, Contracts, & Ethics

Front

What is a consequence of making choices?

Back

All choices have consequences.

Front

How are some choices viewed in terms of morality?

Back

Some choices are considered to be more morally correct than others.

Front

What is an important consideration when making choices in the workplace? Options: Popularity, Speed, Profit

Back

Ethics

Front

What is a key aspect of ethical decision-making in business?

Back

Considering the impact on others

Front

How are the choices discussed in the unit supposed to be applied?

Back

In your life

Front

What is the purpose of learning about ethical, unethical, and illegal choices?

Back

To apply them in daily life

Front

Which of the following actions shows a lack of good judgement?
- Asking for advice from a trusted adult when faced with a difficult decision.
- Considering how your actions will affect your future before making a decision.
- Following the crowd without thinking about what is right or wrong.
- Weighing the pros and cons of a situation before acting.

Back

Following the crowd without thinking about what is right or wrong.

Front

What is a sole proprietorship?

Back

A sole proprietorship is a type of business structure where a single individual owns and operates the business.

Front

Which type of business has unlimited liability for its owner? Options: Limited liability company, Partnership, Sole proprietorship, Corporation

Back

Sole proprietorship

Front

What is a partnership?

Back

A partnership is a business structure where two or more individuals or entities come together to carry out a business venture and share the profits and losses.