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Ethics in Business (Vocab) icev

Total questions: 10

Worksheet time: 9mins

Name
Class
Date
1.

Complex situation in which people have difficulty choosing between a moral or an immoral act

a)

business dilemma

b)

ethical dilemma

c)

legal dilemma

d)

moral dilemma

2.

Set of standards of conduct that guide decisions and actions based on duties derived from core values

a)

morals

b)

code of conduct

c)

ethics

d)

conscience

3.

Set of written standards issued by an organization to assist its employees in conducting their actions in conformity with the organization's ethical values

a)

code of ethics

b)

legal ethics

c)

business ethics

d)

moral ethics

4.

An entrusted person converts assets or properties for his or her own use

a)

fraud

b)

misleading

c)

theft

d)

embezzlement

5.

An organization's financial statement containing untrue data which is used to mislead

a)

tabloid statement

b)

false financial statement

c)

bank statement

d)

stock statement

6.

Duties and obligations of businesses which contribute to the well-being of society

a)

ethical behavior

b)

legal behavior

c)

business behavior

d)

business social responsibility

7.

Action guided by a set of principles of morality

a)

ethical behavior

b)

legal behavior

c)

business behavior

d)

business social responsibility

8.

Conduct in accordance with what a person determines is right versus wrong

a)

code of ethics

b)

legal behavior

c)

business behavior

d)

moral behavior

9.

All the parties which interact with the business

a)

customers

b)

stakeholders

c)

owners

d)

patrons

10.

Conduct based on or authorized by law, which is established by society to maintain order and protect people and properties from harm

a)

ethical behavior

b)

legal behavior

c)

business behavior

d)

moral behavior