Business Essentials Mid-Term Review

Which is a way to show transparency?

• XYZ Company makes sure its employees are taken care of.

• XYZ Company ensures that all its products are biodegradable.

• XYZ Company listens to multiple opinions before making a decision.

• XYZ Company is always upfront about the financial situation of the company.

Tayshaun acts with honesty in all situations. He is demonstrating:

• accountability.

• integrity.

• respect.

• viability.

Piper looks up to her new boss and tries to learn from her behavior as much as possible. However, Piper knows that some of her boss’s actions are unethical. Piper is uncertain whether she should follow her boss’s example. Which ethical dilemma is Piper facing?

• greed

• a bad role model

• pressure from others

• the desire to prove herself

Which question should one ask himself/herself to determine whether one is facing a true ethical dilemma?

• Is there money at stake?

• Could someone be hurt by the actions?

• Does the action make me look good to others?

• Is my choice based on the most popular option?

Jasmine thinks it is OK to steal a few things from work. Which ethical principle would help her realize that the long-term repercussions of her actions could create an ethical dilemma?

• fairness

• growth

• trustworthiness

• viability

Shayla is not breaking any laws, but her behavior still is unethical. How is this possible?

• Because ethical means doing what is easiest.

• Because doing what is legal can also be considered unethical.

• Because doing what is easiest is sometimes what is considered unethical.

• Because the ethical thing to do is always what a group or majority is doing.

When Tori considers taking something that belongs to someone else, which ethical principle could help her recognize that she is facing an ethical dilemma?

• accountability

• integrity

• transparency

• viability

What do service businesses sell?

• raw goods and services

• retail goods and services

• intangible goods and services

• wholesale goods and services

The two main divisions of the trade industry are:

• producers and retailers.

• wholesalers and retailers.

• wholesalers and producers.

• manufacturers and wholesalers.

A business that buys goods or services and sells them to the ultimate consumer is a:

• manufacturer.

• producer.

• retailer.

• wholesaler.