Unit 1.02 Business Ethics

Which of the following defines business ethics?

• An approach toward decision making in which a person evaluates moral principles

• Professional standards of conduct, based on moral principles and values, guiding decision-making and actions

• Choices made based on moral principles and values

• A set of guidelines which govern behavior

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business ethics

Ethical choices are made based on moral principles and values while legal choices are made according to the law.

• True

• False

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Ethics

Which of the following laws requires one and a half times the regular rate of pay for more than 40 hours worked for qualified employees?

• The Equal Pay Act of 1963

• The Fair Labor Standards Act of 1938

• The Americans with Disabilities Act of 1990

• Title VII of the Civil Rights Act of 1964

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business ethics

Which of the following steps in the ethical decison-making process involves devising an accurate problem definition?

• Selecting the best choice

• Listing all alternatives and consequences

• Defining the problem

• Evaluating your decision

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business ethics

How many alternative solutions should be listed when making an ethical decision?

• Two

• Three

• Four

• Five

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business ethics

Which of the following questions should NOT be taken into consideration when listing all the alternatives and consequences to solve an ethical problem?

• Is it legal?

• Does it fit my personal values?

• Who will be affected?

• Does it benefit me personally?

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business ethics

Which of the following steps in the ethical decision-making process involves reviewing alternatives and consequences?

• Selecting the best choice

• Listing all alternatives and the consequences

• Defining the problem

• Evaluating your decision

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business ethics

Which of the following is INCORRECT when making an ethical decision?

• It is important to be confident in your choice

• The choice should be made based on moral principles and values

• Irrelevant and unimportant information should also be included when defining a problem

• The process should be repeated if it is not the best decision

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business ethics

Which of the following types of choices are made based on moral principles and values?

• Ethical choices

• Proper choices

• Legal choices

• Illegal choices

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Ethics

Jason is using a company printer to print fliers for his garage sale. Which of the following describes Jason's behavior?

• Illegal

• Ethical

• Unethical

• Approperiate

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Ethics