Q3_9 Week Test Review

Unethical behavior can devastate any business or organization.

• False

• True

An ethical dilemma occurs when people have difficulty choosing between a moral or immoral act.

• False

• True

Define 'Ethical Behavior'.

• Ethical behavior is the act of conforming to social norms without questioning them.

• Ethical behavior is the practice of strictly following the law without any personal judgment.

• Ethical behavior is the ability to make decisions based solely on personal benefit.

• Ethical behavior is acting in a manner consistent with what society and individuals typically think are good values.

What is the definition of 'Ethics' in business?

• A marketing technique to increase sales.

• A set of moral principles that guide behavior in business.

• The study of ancient civilizations.

• A financial strategy to maximize profits.

An 'Ethical Dilemma' is:

• a) a type of legal problem

• b) a financial problem

• c) a situation where there is a conflict between moral imperatives

• d) a technical challenge

Moral behavior means:

• Behaving in a way that is legally acceptable.

• Ignoring ethical considerations in decision-making.

• Following one's personal desires regardless of social norms.

• Acting in a manner consistent with what society and individuals typically think are good values.

Explain 'Legal Behavior'.

• Legal behavior is subjective and varies from person to person.

• Legal behavior refers to actions that are in accordance with the law.

• Legal behavior is determined by cultural norms.

• Legal behavior is only applicable in a judicial setting.

There is no difference between moral, ethical, and legal behaviors.

• False

• True

What is a 'Code of Ethics'?

• A legal document that describes company policies

• A set of guidelines for professional conduct

• A financial report of a company

• A marketing strategy

Embezzlement is:

• a charitable donation

• a type of investment strategy

• a form of theft involving the misappropriation of funds

• a legal method of tax reduction