Business Law Chapter 1

_______ consists of rules of conduct established by the government to maintain stability and justice in society.

• statute

• laws

• ethics

• legislature

______ involves the values that govern a society's attitude toward right and wrong.

• morality

• ethics

• laws

• statutes

______ determines what society's values should be regarding right and wrong and creates rules to go along with those values.

• morality

• laws

• ethics

• statutes

Which of the following is not a way to make ethical decisions?

• The greatest good

• following the laws and statutes

• the golden rule

• opinions and feelings

Morality and Ethics are the same thing.

• True

• False

The golden rule has been adopted by many of the world's greatest religions.

• True

• False

Ethics and the law never conflict.

• True

• False

The function of law is to maintain stability only.

• True

• False

Why is law necessary?

• People do not always do what is right

• People do not always agree on what is right and wrong

• It creates stability

• All of the above

The ethical way to make decisions of the greatest good is always used the correct way.

• True

• False