Adhering to an established set of personal ethics and sound moral principles; acting with honesty in all situations.

Reliable; deserving the confidence of others.

Standards that govern behavior; not dependent on circumstance.

The condition of having to answer for or be liable for your actions; accepting responsibility for your decisions.

The basic principles that govern your behavior.

The ability to make judgments without favoritism or self-interest; engaging in fair competition and creating equal relationships.

Complying with laws and regulations.

Regard or esteem; honoring the rights, freedoms, views, and property of others.

The long-term value of your choices.

When Layla is caught stealing from a department store, the court orders her to do community service. Which consequence of unethical behavior is Layla facing?

An inflated sense of self-importance.

The result of an action.

A difficult situation in which you are required to make a decision.

Instinct; gut feeling.

In a(n) _____________, someone could be harmed.

When making an ethical decision in everyday life, which of the following provides the most useful guideline?

Piper looks up to her new boss and tries to learn from her behavior as much as possible. However, Piper knows that some of her boss's actions are unethical. Piper isn't sure if she should follow her boss's example or not. Piper is facing an ethical dilemma because of

Whitley's ethical beliefs are the same whether she's a work, at school, or hanging out with her friends. Whitley follows

When DeShawn's teacher compliments his work on his group project, he's sure to give credit to the other group members who helped. DeShawn is showing

When employees are working faster or better, they are increasing their

What motivates businesses to produce efficiently and sell effectively?

Seeing a movie at a theater would be considered a(n) __________ want.

When a business keeps a risk because management is unaware of it, the business is__________ the risk.

What are the three basic economic questions?

In business terms, what is profit?

Which one of the following groups of words best describes wants:

A large retailer feels that it has a duty to contribute to the well-being of society, so it donates a portion of its proceeds to a charity that helps the environment. The retailer is demonstrating

The general classifications of business risks are

The amount of money paid for raw materials and products sold is called

The basic role of the United States government is to

Why are resources considered limited?

The point at which the quantity of a good that buyers want to buy equals the quantity that sellers are willing to sell at a certain price is referred to as

The actual price that prevails in a market at any particular moment is the

.

The economic principle which states that the quantity of a good or service that

consumers will buy varies inversely with the price of the good or service is known as the

When the demand is so great that customers will buy regardless of high prices, a(n)____________market exists.

The best time for consumers to purchase products at reduced prices is when a(n)

________________market exists.

Into what two categories can wants be divided?

economy where most goods and services are offered by private companies.

The actual price that prevails in a market at any particular moment is the

.