Business Success Factors Worksheet

How might the combination of fairness, quality, team spirit, and honesty contribute to business success? (Select the best answer.)

• They create a positive work environment and build trust, leading to long-term success.

• They guarantee immediate financial profit.

• They eliminate the need for competition.

• They reduce the importance of customer satisfaction.

Which of the following is a key concept students are expected to familiarize themselves with, according to the learning objectives?

• Ethical dilemma

• Quantum mechanics

• Supply chain logistics

• Marketing strategies

Which societal aspect is highlighted in the learning objectives as impacting ethics in business?

• Current trends in society

• Ancient traditions

• Technological inventions

• Political campaigns

Why might a person experience difficulty in making a decision during an ethical dilemma?

• Because there are conflicting moral values involved

• Because the answer is always obvious

• Because there is only one correct answer

• Because there are no consequences to consider

Which step in the Four Step Approach to Solving an Ethical Dilemma requires analyzing potential ways of acting based on functional equivalence?

• Step 1

• Step 2

• Step 3

• Step 4

Why is it important to understand moral stakeholders’ ideas on morality?

• To understand how similar or different their norms and values are compared to ours.

• To force them to accept our norms and values.

• To ignore their perspectives in decision-making.

• To avoid ethical dilemmas altogether.

Which of the following is a key aspect of Step 3 in the analysis of potential ways of acting, based on functional equivalence?

• Potential alternatives are assessed;

• All alternatives are ignored;

• Only one alternative is considered;

• Alternatives are chosen at random;

According to the material, what is the basis for making an informed choice when solving an ethical dilemma?

• Critical evaluation of possible alternatives

• Following personal intuition only

• Relying on majority opinion

• Ignoring all alternatives

What is an ethical dilemma?

• A situation of conflicting morality where a person explores how to act

• A situation where there is only one clear moral choice

• A scenario where laws are always followed

• A case where personal interests never conflict with morality

What is the Industrial Revolution best described as?

• The transition from monarchy to democracy

• The sudden transition from manual production to machine production

• The discovery of electricity

• The rise of the internet