Ethics in Business

What can we infer about honesty in business?

• Not everyone is honest, and not everyone abides by the same code of ethics.

• Everyone is naturally honest.

• Honesty is not important in business.

• A code of ethics is unnecessary.

What ensures good decisions in business practices?

• High profits

• Ethical business practices

• Aggressive marketing

• Cost-cutting measures

What should businesses provide if they claim to sell the most up-to-date products?

• Discounts

• The most up-to-date products

• Free shipping

• Extended warranties

What question does ethics ask?

• "What is profitable?"

• "What should I do?"

• "Who is responsible?"

• "How can I succeed?"

What is the main concern of ethical decisions?

• Financial success

• Social acceptance

• Determining the right action

• Legal obligations

What is a federally protected class under anti-discriminatory law mentioned in the text?

• Hair color

• Gender

• Favorite sport

• Hobbies

What if the right thing isn’t so clear in an ethical dilemma?

• Seek guidance and reflect.

• Ignore the situation.

• Do what benefits you most.

• Follow what others do.

How can ethical decisions be influenced by family needs?

• By the need to provide for them.

• By ignoring their opinions.

• By prioritizing work over family.

• By avoiding family discussions.

What other factor can influence ethical decisions?

• The need to protect others from harm.

• The desire to be popular.

• The wish to avoid work.

• The need to travel.

What is "Accountability"?

• It is the act of being responsible and following through on what you do and say.

• The ability to believe someone is good and honest and that they will be reliable.

• The quality of having, and being disciplined to adhere to, strong principles that guide your behavior and decisions, and that you refuse to compromise.

• It means being honest and open when communicating with others, and fully disclosing material information.