Biz 100 - QUIZ IV BIZ 100 Ethical Leadership, Teamwork...

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QUIZ IV – BIZ 100 Date of Quiz: Tuesday, March 29, 2011 Key Topics for Quiz IV include: Business ethics o The application of ethical behavior in a business context o Knowing right from wrong Being honest Doing no harm to others Competing fairly Declining to put your own interests above those of your company, its owners, and its workers Ethical dilemma o A morally problematic situation o You have to pick between two or more acceptable but often opposing alternatives that are important to different groups o Example: Tylenol Ethical decision o A decision in which there is a right (ethical) choice and a wrong (unethical or illegal) choice o A “right-versus-wrong” decision Ethical lapse o Situation in which an individual makes a decision that’s unmistakably unethical or illegal Types of ethical issues in business o Bribes vs. Gifts When a gift is unacceptable vs. acceptable o Conflicts Interest Occur when an individual must choose between taking
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Biz 100 - QUIZ IV BIZ 100 Ethical Leadership, Teamwork...

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