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Questions and Answers
What is the term for spreading false information about competitors' products?
What is the term for spreading false information about competitors' products?
What is the situation where competitors have unequal terms in a competition?
What is the situation where competitors have unequal terms in a competition?
What is the term for a company's deceptive use of a competitor's name or logo?
What is the term for a company's deceptive use of a competitor's name or logo?
What is the term for behavior in the workplace that has serious consequences if unaddressed?
What is the term for behavior in the workplace that has serious consequences if unaddressed?
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What is the term for unjust or unreasonable treatment in accordance with accepted rules or principles?
What is the term for unjust or unreasonable treatment in accordance with accepted rules or principles?
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What is the term for dishonest and illegal activities to gain an advantageous financial outcome?
What is the term for dishonest and illegal activities to gain an advantageous financial outcome?
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What is the primary focus of customer relationships in a company?
What is the primary focus of customer relationships in a company?
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What is the primary goal of pricing strategies?
What is the primary goal of pricing strategies?
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What is the main concept of business ethics?
What is the main concept of business ethics?
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What should be the center of ethical decision-making processes?
What should be the center of ethical decision-making processes?
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What should you do if you want to remove a partner from a business?
What should you do if you want to remove a partner from a business?
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What is an example of gross negligence?
What is an example of gross negligence?
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What is the fundamental right of every citizen, according to the constitution?
What is the fundamental right of every citizen, according to the constitution?
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What is the reality faced by job seekers, who are often breadwinners?
What is the reality faced by job seekers, who are often breadwinners?
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What is the consequence of unethical behavior in the workplace if left unaddressed?
What is the consequence of unethical behavior in the workplace if left unaddressed?
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What is the role of a human resources department or manager in addressing unethical behavior in the workplace?
What is the role of a human resources department or manager in addressing unethical behavior in the workplace?
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What is the challenge faced by smaller businesses in addressing unethical behavior?
What is the challenge faced by smaller businesses in addressing unethical behavior?
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What is the idealism embodied in the constitution regarding employment?
What is the idealism embodied in the constitution regarding employment?
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What is the consequence of the failure of markets according to environmental economics?
What is the consequence of the failure of markets according to environmental economics?
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What is the main difference between regular workers and temporary workers in contractualization?
What is the main difference between regular workers and temporary workers in contractualization?
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What is the underlying reason for the right to adequate work and full employment?
What is the underlying reason for the right to adequate work and full employment?
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What is the term used to describe the deterioration of the environment through depletion of resources?
What is the term used to describe the deterioration of the environment through depletion of resources?
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What is the result of replacing regular workers with temporary workers who receive lower wages and fewer benefits?
What is the result of replacing regular workers with temporary workers who receive lower wages and fewer benefits?
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What is a breach of contract in the context of law?
What is a breach of contract in the context of law?
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What is the primary characteristic of content that scores a 4 in the Content and Development criterion?
What is the primary characteristic of content that scores a 4 in the Content and Development criterion?
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What is the key difference between a score of 3 and a score of 4 in the Organization and Structure criterion?
What is the key difference between a score of 3 and a score of 4 in the Organization and Structure criterion?
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What is the main reason why content would score a 1 in the Content and Development criterion?
What is the main reason why content would score a 1 in the Content and Development criterion?
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In the Organization and Structure criterion, what is the primary characteristic of a score of 2?
In the Organization and Structure criterion, what is the primary characteristic of a score of 2?
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What is the primary difference between a score of 3 and a score of 2 in the Content and Development criterion?
What is the primary difference between a score of 3 and a score of 2 in the Content and Development criterion?
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In the Organization and Structure criterion, what is the primary characteristic of a score of 3?
In the Organization and Structure criterion, what is the primary characteristic of a score of 3?
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Study Notes
Ethical Issues in Entrepreneurship
- Unethical business practices: include dishonest and illegal activities for financial gain, such as unfair treatment, trade defamation, and trademark infringement.
- Fairness: a key principle in ethical decision-making, ensuring employee and customer rights, and protecting the common good.
- Basic rights: include the right to full employment, protection from unemployment and underemployment, and the right to adequate work.
Unethical Behavior in the Workplace
- Consequences: can lead to a toxic work environment, affecting employees and business.
- Addressing unethical behavior: requires a proactive approach, including policies, procedures, and training, and creating an avenue for reporting or disclosing unethical behavior.
Breach of Contract
- Definition: a legal cause of action when a binding agreement or bargained for exchange is not honored by one or more parties.
- Causes: include non-performance or interference with the other party’s performance.
Environmental Degradation
- Definition: the deterioration of the environment through depletion of resources, destruction of ecosystems, and extinction of wildlife.
- Causes: include the failure of markets, leading to opportunities in market failure.
Contractualization or Labor Contractualization
- Definition: the replacement of regular workers with temporary workers who receive lower wages with no or fewer benefits.
- Types: include contractures, trainees, apprentices, helpers, casuals, piece raters, agency-hired, and project employees.
- Impact: is a form of underemployment, violating the right to full employment and adequate work.
Important Principles
- Ethical decision-making: should center on protecting employee and customer rights, ensuring fair and just business operations, and protecting the common good.
- Proactive approach: is necessary to address unethical behavior in the workplace, including creating an avenue for reporting or disclosing unethical behavior.
- Right to full employment: is essential to all men and women of legal age, and is a fundamental right to self-preservation and supporting one's family.
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Description
Test your knowledge of business ethics terms and concepts. Identify the correct words based on their definitions and statements. Improve your understanding of ethical practices in business.
