Eagles Business Midterm 2023

Behaving ethically means doing

• what your friends do.

• only what’s legal.

• the right thing.

• what benefits you the most.

Answer explanation

The right thing. Being ethical means doing what’s right, no matter what. This doesn’t mean doing what benefits you the most or what your friends do. Doing only what’s legal isn’t enough because some activities may be legal but still unethical.

Integrity means acting with

• humility

• leadership skills

• a sense of humor

• honesty

Answer explanation

            Honesty. Integrity is acting with honesty in all situations. This means that you do the right thing even when no one else is watching, when it isn’t easy, or when it might not be in your best interest. Integrity does not necessarily mean acting with humility or a sense of humor, and you don’t need leadership skills to have integrity.

Holden’s group gets a low grade on a project because he didn’t complete his share of the work. He owns up to his mistake and apologizes. Holden is demonstrating

• trust.

• rule of law

• viability

• accountability

Answer explanation

Accountability. People who are accountable for their actions accept responsibility for all of their decisions. Transparency, fairness, and rule of law are all ethical principles, but responsibility is not necessarily a key component.

If one of your coworkers is treating another coworker unfairly, what is the ethical thing to do?

• Speak up

• Ignore it.

• Be aggressive.

• Look for another job.

Answer explanation

Speak up. Fairness involves sticking up for people who are being treated unfairly, not ignoring the problem. This doesn’t necessarily involve being aggressive or looking for another job

How can you show respect for a person you’re speaking with?

• Avoid listening to his/her opinions.

• Start an argument when you don’t agree.

• Interrupt when you have a point.

• Be polite and maintain eye contact.

Answer explanation

Be polite and maintain eye contact. Showing respect means listening to others when they speak, not interrupting, and using basic manners (such as being polite, saying “please” and “thank you,” and maintaining proper eye contact). You should not start an argument or avoid listening to the other person’s opinions.

Which of the following is true of unethical behavior:

• We should accept that unethical behavior is unavoidable.

• There are things you can do to make the right decisions.

• You will not often face ethical dilemmas.

• Ethical dilemmas will only occur in the business world.

Answer explanation

There are things you can do to make the right decisions. Unethical behavior is not unavoidable. In fact, there are many things you can do to ensure you make the right decisions. Ethical dilemmas occur often in every aspect of life, not just the business world.

Which of the following things can you do to help ensure that you make the right decisions:

• Gossip when necessary

• Stay on the right side of the law.

• Behave unethically when no one’s watching.

• Let others control your decisions

Answer explanation

Stay on the right side of the law. Many ethical dilemmas involve behavior that’s not just unethical, but illegal. Staying on the right side of the law is a big step toward practicing ethical behavior. Gossiping should be avoided. You should behave ethically even when no one is watching. You should control your own decisions

A producer is someone who

• sells products.

• is very creative.

• makes things.

• employs others

Answer explanation

            Makes things. Producers may be very creative, most of them do employ others, and they may sell their own products; however, the basic definition of a producer is that they make things for sale.

Farms, mines, and lumber companies are examples of

• builders.

• manufacturers.

• trade industries.

• raw-goods producers.

Answer explanation

Raw-goods producers. Raw-goods producers provide goods in their natural, or raw, states. Some raw-goods producers include farms, mines, fisheries, and lumber companies. The raw-goods producer does not refine or change the raw goods to make them into finished goods, but s/he provides the raw goods without which other producers could not make their products. Farms, mines, and lumber companies are not considered manufacturers, trade industries, or builders.

A company that transforms cotton into wearable clothing is considered a

• raw-goods producer.

• manufacturer.

• service business.

• builder.

Answer explanation

Manufacturer. Since very few materials are actually used in their raw states, we rely on manufacturers to change the shapes or forms of materials so that they will be useful to consumers. Cotton, a raw material, can be transformed into clothing by manufacturers. This is not an example of a raw-goods producer, a service business, or a builder.