Q4 BESR INDIVIDUAL ASSESSMENT 2

It is a situation where a business organization has to weigh the tradeoffs between efficiency and equity.

It is a type of unethical business practice wherein the seller receives payment, but the buyer never receives the goods and services ordered.

It is the type of unethical business practice where rival companies fix the prices, divide the market among themselves, and control the supply of goods.

It results from the neglect of the long-term sustainability of natural resources.

It is the equal treatment of personnel and employees and the consistent application of rules.

TRUE or FALSE

Profit maximization is a common cause of unethical business practices.

TRUE or FALSE

Practicing fairness strengthens an organization's relationship with employees and customers.

TRUE or FALSE

Opening a market to competition is considered unethical.

TRUE or FALSE

Unethical business practices directly influence the morals, values, and attitudes of society.

TRUE or FALSE

It is fair to set varying standards and rules when resolving employee and management disputes.