Ethics in Business - Making Ethical Decisions

Which of the following did Judge Parker NOT mention as one of the principles of ethics?

• Have the courage to do what is right

• Always tell the truth

• Treat others the way you would like to be treated

• Remain open-minded

Which of the following questions should NOT be asked during the step of identifying an ethical problem?

• What is the problem?

• What causes the problem?

• What can we learn from this process?

• Who is involved?

Which of the following terms is defined as “all the parties which interact with the business”?

• Shareholder

• Stakeholder

• Customer

• Employee

Which of the following should a person NOT do when listing possible solutions for an ethical problem?

• Consult with supervisors

• Only list obvious solutions

• Discuss the situation with colleagues

• Consider all alternatives

What is the last step of the ethical decision-making process?

• Study the laws and regulations

• Review the code of ethics

• Learn from the result

• List possible solutions