Intro to Business - Spring '25 Semester

Business Ethics...

• is the law & regulations that governs business
• is the application of moral standards to business situations
• do not vary from one person to another
• is most important for advertising agencies to consider

Customers expect a firm's products to....

• boost sales
• be available everywhere
• be profitable
• be safe, reliable, and reasonably priced

All of the following are factors that affect the level of ethical behavior in an organization except:

• Individual factors
• Opportunity
• Social factors
• Demographics

A conflict of moral beliefs is also known as an ethical dilemma

• True
• False

A key component of ethical decision-making is:

• To assure that all laws are being followed
• Included in the facility bylaws
• The perspective of others must be considered
• Based on your conscience telling you what to do

What field of study deals with principles, theories, and values related to making moral choices?

• Values
• Ethics
• Morals
• Economics

The Sarbanes-Oxley Act is an example of how basic ethical and social responsibility has become law and regulation.

• True
• False

Ethical decisions are grounded on:

• Legal influences
• An ethics committee
• Outcomes of prior situations
• The right thing to do

What term is used to define "one who reports wrongdoing"?

• Ethicist
• Whistle-blower
• Ethics Committee Chair
• Moralist

Which three (3) sets of factors influence the standards of behavior in an organization? (choose 3 from the list)

• opportunity
• individual factors
• social factors
• historical factors
• peer pressure