Ethics and Business

Harper, Abigail, and Olivia are discussing the importance of ethics in their daily lives. According to their discussion, what are ethics?

• Values that govern their decisions and actions

• Moral principles that promote the common good

• Intangible things that are important to them

• Actions that further the conditions for their survival

David, Harper, and Abigail are discussing about values in their social studies class. David says that universal values are:

• Values shared by all cultures throughout history

• Values that differ in every culture

• Values that are recognized as wrong in all cultures

• Values that promote physical safety

Michael, Ethan, and Evelyn are starting a new business. They are discussing the importance of certain principles in their business. In this context, what would be the definition of business ethics?

• Moral principles applied to business issues and actions

• Values that govern decisions and actions in business

• Actions that further the common good in business

• Principles that promote the conditions for survival in business

Arjun, Benjamin, and Kai have started a new company. Who among them would have considerable influence on the company's business ethics?

• Arjun

• Benjamin

• Kai

• Government

Olivia and Mason are starting a new business venture together. As entrepreneurs, what is their responsibility regarding business ethics?

• To promote ethical behavior in their startup

• To enforce laws and regulations

• To maximize profits at any cost

• To prioritize customer satisfaction

Emma, Liam, and Mia are working on a group project. Emma is also the student council president. If Emma uses her position to influence the project's outcome in her favor, what is this situation called?

• A situation where personal interests interfere with professional duties

• A disagreement between individuals on ethical values

• A violation of universal values

• A situation where business ethics are compromised

Ethan has created a unique piece of music. What does copyright mean in this context?

• Legal protection for Ethan's original creative work

• A violation of Ethan's intellectual property

• The act of using Ethan's music without his permission

• The right to use Ethan's music freely

Evelyn, Avery, and Arjun are running a small business together. They believe in the principle of transparency in their business ethics. What does this mean?

• They are open and honest in their business practices

• They reveal their trade secrets

• They ensure there are no conflicts of interest

• They protect their intellectual property

Maya, a member of a large corporation, discovers that her company is involved in illegal activities. She decides to report this information to the authorities. What is Maya's role in this situation?

• A whistle-blower

• A person who promotes unethical behavior

• A conflict of interest in business

• A violation of copyright laws

James wants to use a copyrighted material for his school project. What is the term for the legal use of copyrighted material without permission?

• Fair use

• Infringement of intellectual property rights

• Protection of trade secrets

• Absence of conflicts of interest